As per TOI, It is expected that the Enhanced skills to be in the spotlight in 2023. TeamLease report said that India’s hiring sentiment for the services sector stands strong in the March quarter.
A mixed bag of opportunities is likely to greet job aspirants in the New Year as telecom-oriented sectors. It is expected that employees have to work on their skills to match the job market.
This year different trends emerged in the employment market including:
- The emphasis on reskilling and upskilling initiatives.
- Companies are willing to pay a premium for relevant skills as compared to legacy skills.
Mayur Taday, Chief Business Officer at TeamLease Services said, “The ongoing global turmoil with mass layoffs, hiring freeze, and impending recession have significantly affected the services sector globally, especially the IT industry.”
“However, the sentiment in India continues to be on an upward trajectory with 77 percent of employers indicating a higher hiring outlook,” Mayur Taday added.
However, the companies have been laying off employees in 2022. Top tech companies have either frozen the hiring process or laid off employees. The companies like Amazon, Meta, Twitter, Wipro, Cognizant & Accenture followed by many more have laid off nearly 1 Lakh employees.
It is expected that the IT sector hiring is expected to move in the slow lane as it is impacted by macro uncertainties and experts believe that future additions will be limited as companies have adequate bench strength and will focus on the re-skilling existing workforce.
It is expected that short-term opportunities will be on the rise and the companies will focus on:-
- Building a work-life integrated culture.
- Nurturing niche talent.
- Enhancing skills.
- Providing flexible work arrangements and experts opined.