As we approach the end of Lockdown 4.0, many companies have begun their plans for a staggered restart. While a few companies have extended their WFH by another month till the end of June, others have chalked out the plans for partial operations from their offices. With a few large multinationals and domestic enterprises announcing 3-digit and 4-digit layoffs over the month, the market is abuzz with predictions for more that could be coming.
Despite the slowdown and some expected inevitable pruning of the workforce, the recruitment engine hasn’t come to a halt. However, a moderation seems to be in play with the overall active jobs count dropping by a little over 20% in May as compared to April. The total active job openings dropped from 200K in April to 178K by mid-May, and the closing figures hovered at 167K.
These are jobs from direct employers that are active and accepting applications. The active job postings are tracked and curated from companies’ official job pages on LinkedIn and direct postings on top job boards. This does not account for hiring mandates that could be with recruitment and staffing agencies.
Job Types
Despite the reduction in overall count, which could be cyclical for this period, it is encouraging to note that over 90% of these openings are full-time permanent opportunities. A notable 7% of these openings are internships and part-time opportunities that have been announced. An increase of over 3% in this cluster indicates the openness of enterprises to tap into fresh talent and recent entrants into the job market. It is definitely interesting to observe the emergence of remote working, work-from-home, and telecommuting opportunities from enterprises. Over 7,000 opportunities for remote working and full-time work-from-home (WFH) roles are currently active and accepting applicants.
Jobs by Levels
Enterprises are keeping their hiring funnels warm with entry-level openings contributing to 30% of active openings. This can be interpreted in multiple ways. However, the fact remains that opportunities for developing entry-level skills have not dried up. A little further up, openings in the junior, associate, and mid-senior roles contribute to about 40%. A little less than one-fourth of the openings are unclassified by level. Enterprises are also hiring at the top, with about 3% of the active openings calling out for candidates in top positions, such as Business Unit heads, Directors, and above.
Jobs by Industries
The overall mix of industries offering active opportunities remains, by and large, the same as in previous months. With IT contributing to 40% of the openings, IT services closely follow with a little over 27%. The Banking and Financial Services sector comes third with 17% of the active openings. The other contributors to the active openings are the Internet-enabled E-Commerce enterprises, Logistics, Edutech, and Medtech players.
Jobs by Functions
IT and Technology function remains a top contributor with 44% of active openings. Engineering function has offered 24%, followed by Sales and BD at 22%. The overall functional mix of opportunities has also remained, by and large, in line with previous trends.
Jobs by Location
Close to 50% of active openings are from the top five metros. Bengaluru leads the pack with a massive 21% of the openings. Delhi follows with 9%, Chennai at 8%, Hyderabad at 7%, and Mumbai trailing at 5%.
Prominent Employers
Some of the prominent employers with active openings for the month were IBM, Accenture India, Infosys, Mphasis, HCL, Tech Mahindra, and Amazon. The other players like VMWare, Standard Chartered, and SAP, who are traditionally known to have 3 and even 4 digit openings, remained comparatively muted in their cohort of top MNCs with active openings.
Top IT Openings
Some of the top IT openings active from large players in the study are Enterprise Solution Architect, Technical Program Management, Networking Specialists, Technical Engagement Architects, Operations and Services Management, Technology Specialist, SCRUM Masters, Robotic Process Automation Leads, Core Engineering, UX Architects, Cloud Security Architects, and more. Though the openings are a mix of niche and volume roles, the fact that some of the roles are super-specialist roles cannot be denied.
