Jobs

Despite the layoffs, technology job roles still account for 15 of the top 20 titles in the country, according to data from job portal Indeed. The job roles that have seen the highest growth since pre-pandemic are data engineer (353 per cent), site reliability engineer (260 per cent), assistant engineer 254 per cent), application developer.

The year-on-year comparison of payroll data reflects an increase of 32,635 in net membership addition in December 2022 as compared to the corresponding month during last year in 2021. The provisional payroll data of the EPFO released on Monday highlighted that out of 14.93 lakh members added during the month, around 8.02 lakh new members have come under the social security coverage of EPFO for the first time.

According to Naukri.com, around 46 per cent of recruiters expect new and replacement hiring, 29 per cent expect only new job creation, and 17 per cent are looking to maintain their headcount. With the ever-increasing demand for tech skills, maximum hiring is expected for IT roles.

According to data by job portal Indeed, the tech jobs in high demand are full-stack developers at the top spot, followed by data engineers, cloud engineers, senior product managers and back-end developers, among others. Almost half, about 44 per cent, of the top 25 were tech jobs in the US market, reported CNBC, citing the data.

According to data from the Bureau of Labor Statistics in the US, January is the highest month for layoff and discharges. "Business leaders want to set up finances for success in 2023. It's a good bet that tech companies that haven't yet laid off employees are carefully considering whether or not to do so," according to J.P. Gownder, vice president and principal analyst for advisory firm Forrester Research. "It wouldn't be surprising to see more layoffs in the next few weeks," he told Wall Street Journal. December marks the end of the fiscal year for many companies, making January an ideal month for "organisational realignment and adjustment".

According to the report, maintaining its stellar performance, the insurance sector once again led the charts as it recorded a 42 per cent growth in new jobs created compared to the monthly average for the first half of the year. "The strong recovery in overall hiring activity post-festive season reaffirms the resilience of the Indian job market which is now multi-sectoral and hence balanced as well as mature," Pawan Goyal, Chief Business Officer, Naukri.com, said in a statement.

Month-on-month job postings also saw a 5 per cent decline in the country. However, with companies ramping up internal initiatives to facilitate growth and government interventions in promising sectors.

With the IT sector showing a decline, Bengaluru, Hyderabad and Pune showed a decline in hiring activity, according to the Naukri JobSpeak index. Apart from IT, other sectors that recorded a notable decline in hiring sentiments included telecom and healthcare. Despite the festive season, India saw a stable though flat hiring in other industries in October, led by the insurance sector.

Job roles such as telecommunications engineer have grown by 16 per cent from August to September 2022 in the country. The data by leading job website Indeed also revealed that the average salary for top job roles such as technical support, BPO executive and customer service representative is Rs 3,53,298, Rs 3,29,520 and Rs 3,06,680 respectively.

Tech majors like Wipro, Tech Mahindra and other MNCs have either put off recruitment of freshers or asked them to wait until they are intimated. The freshers awaiting onboarding in Wipro have launched a full fledged campaign on social media, questioning Wipro Chairman Rishad Premji's integrity and commitment as he spoke strongly about ethics in connection with moonlighting.