The supply of talent for newer positions exceeds employers’ demand: indeed

The supply of talent for newer positions outpaced employer demand in the 12-month period ending October 2021, indicating an increase in the supply of talent in a declining labor market, according to a report .

According to the results of data from the main job board Indeed, the number of newcomers looking for work (searches) increased by 30% year-on-year in October 2021 compared to the same month last year .

However, data indicates that demand from recruiters (job postings) declined by 18 percent for the same period.

Indeed data suggests that employer demand waned towards the end of the year due to workforce consolidation and planning for the new year. The numbers could increase in the coming year thanks to robust vaccination campaigns and India Inc’s preparedness to better manage the pandemic situation.

“A similar scenario occurred in January 2021, when hiring for more recent positions increased by 34% due to the easing of COVID restrictions which allowed the economy to reopen after the first wave,” Indeed said in a statement.

While demand for non-tech roles may have overtaken tech roles, Indeed’s salary assessment indicates that tech roles for freshmen continue to dominate salaries.

Some of the highest paid fresher positions are Software Architect, Senior Java Developer, Product Manager, Technical Manager, Senior Developer, and Category Manager.

“As the country’s economy regains momentum, recovers from the second wave of the pandemic and the general boom in the IT and technology sectors, it is interesting to note that positions are being filled more slowly. than expected in the IT / ITeS sector, ”Sashi said. Kumar, Sales Manager, Indeed India.

Kumar further noted that there are increasing demands for new hires in blue collar jobs such as delivery people, shop assistants, sales staff, mechanics and technicians.

“Sectors such as e-commerce, FMCG, healthcare and home services with mass immunizations are bolstering their workforce,” Kumar said, adding that “it could have been the result of companies. turning to aggressive customer acquisition by stabilizing operations as they recovered from wave two “.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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