Key Points
Companies both in the technology and non-tech space put out more vacancies in July, with the non-tech cohort continuing its domination in the white-collar job market for the 10th month in a row, contributing 62% to the total openings with a volume growth of 10% month-on-month.ET.
Indias white-collar job market showed a significant 18% month-on-month upward movement in July, the highest monthly growth in two years, according to data from LinkedIn and top company job boards...
Positive domestic economic indicators such as growth in manufacturing PMI and decline in the rate of WPI inflation along with revival in consumption and a rise in capital expenditure is leading to an improvement in hiring sentiment in the non-tech cohort, including retail, fast moving consumer goods, infrastructure, banking financial services and insurance, manufacturing, automobile and electric vehicles, hospitality, among others, said industry experts...
The IT services sectors talent demand also grew by 27% m-o-m to register the first positive movement this financial year, though compared to the same period last year the sector put out 33% fewer openings...
IT sector experts said this month saw a marginal increase in demand for manpower in products companies, in addition to demand for niche skills in services, significant rise in demand from global captives, and a pick-up in demand for talent in early-stage startups...
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