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IT and ITes Sectors to Witness Recovery in Hiring Activity: Study

Data collected by SCIKEY indicate that the economy is showing signs of recovery, and there could be an increase in hiring in the IT and ITes sectors

SCIKEY, marketplace network for Talent and Technology Solutions indicated that hiring activity in India indicates 30% decrease in Q2 2020 as compared to Q2 2019. The economy is showing signs of revival with companies hiring work from home employees. The quarter (Q2 2020) witnessed a 13% increase in the number of jobs allowing WFH as compared to Q2 2019. Furthermore, demand for contract workforce increased by 11 % in Q2 2020 from Q2 2019 and that of full time decreased by 13.8%.

IT and ITes sector indicating rebounds

SCIKEY’s latest data shows a sign of revival in the ITand IT Services sector in Q2 2020 as compared to Q2 2019. IT and ITes sector are huge employers and hiring is picking up in this quarter.

The below chart compares job postings from Q2 2019 to Q2 2020:

IT-11.95%
IT Services-13.68%

Contract workforce and Full-Time Workforce:

The coronavirus pandemic has given rise to a huge number of contract workers for a plug and play model allowing companies to reduce their hiring costs. SCIKEY data indicates that IT and IT services sectors have shown a rise in contractual workers and full-time workers in the IT and IT Services industry have contracted.

Given below is the data for contract workers in Q2 2020 as compared to Q2 2019:

IT10%
IT services12%

Given below is the data for full time workers in Q2 2020 as compared to Q2 2019:

IT-14
ITes-24

In the Packaging, IT, Telecom, ecommerce industry, some of the top job roles companies are looking for are developer, analyst, management profiles, tester, engineer, senior and consultants.

Sector-wise skills in demand:

ITNode.Js, JavaScript, Azure, MongoDB
IT ServicesSpring, Springboot, Network Management, account payable, Java, Azure, Cisco

Karunjit Kumar Dhir, Co-Founder SCIKEY, said, “IT and IT services companies have seen an uptick in demand for their core software services and digital technology offerings due to the pandemic. Cloud businesses and digital transformation is the need of the hour and one of the top most requirements for all industries to adapt to the new normal. This will definitely have a positive impact on the hiring sentiments among techies who will now look for jobs in India especially due to the strain in H1B visas.”

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