/dq/media/agency_attachments/UPxQAOdkwhCk8EYzqyvs.png)
Follow Us/dq/media/post_banners/wp-content/uploads/2022/02/oie_58295010o89i5p-3.jpg)
The Indian white-collar job market has a mixed prognosis for the foreseeable future. Key themes include more excellent discussions about the lot of work (such as hybrid models and remote vs. office employment) and a significant emphasis on continual learning. To succeed in this changing world, job seekers should improve their technological skills, accept remote employment opportunities, and commit to continuous self-improvement.
Most businesses (71%) believe that the current white-collar employment market is difficult for fresh graduates, with restricted options being a significant issue. Employers are increasingly prioritising soft skills such as communication, critical thinking, problem-solving, and technical ability. To be successful, job searchers should focus on improving their technical skills, accepting remote employment possibilities, and committing to continuous self-improvement.
The IT sector remains in high demand
Regarding employment, the IT sector stands out as the most in demand. It retains its resilience and is the top choice (18%) for employees in Q2 2023. This strong demand can be ascribed to the industry's ongoing transformation, which creates new opportunities for competent workers. Other favourite fields of work are production/manufacturing (17%), sales (15%), and marketing (13%).
Employers seek people with soft skills
Employees and employers alike emphasise the importance of specific skill sets. Both groups have noticed an increase in the demand for these talents. Employers are increasingly prioritising soft skills such as communication, critical thinking, problem-solving, and technical ability. These abilities are required for individuals to prosper in today's dynamic and ever-changing workplace.
Sashi Kumar, Head of Sales at Indeed India, says, "The IT sector remains strong, and specific skill sets are in high demand." Tech and soft skills will continue to be important in navigating the digital boom."
Increased competition results from layoffs
Layoffs have considerably impacted the labour market, with 62% of polled employees reporting personal job losses or witnessing them among their colleagues. As a result, there is more competition for job openings and financial instability for job searchers.
The job market is difficult for recent grads
Most businesses (71%) believe that the current white-collar employment market is difficult for fresh graduates, with restricted options being a significant issue. Key obstacles include a lack of employment openings (41%) and shifting skill needs (11%). Nonetheless, there is a 5% increase in firms recruiting new graduates (28%) compared to the previous quarter, indicating a possible positive trend ahead.
The job market scenario in India is not uniform. Opportunities differ by region, as do the specific talents in need. Job openings for fresh graduates are scarce in central metropolitan locations such as Kolkata (50%), Chennai (46%), and Delhi/NCR (45%). Non-metro cities and rising IT centres such as Hyderabad (37%) and Pune (39%), on the other hand, have a significant demand for fresh graduates.