After recent stressful months and job cuts in the technology sector due to global economic instability, the coming year may bring many opportunities for those looking for employment prospects.
New Delhi : After the recent stressful months and job cuts in the technology sector due to global economic instability, the coming year may bring many opportunities for those looking for employment prospects. It is estimated that there may be a spurt in recruitment in the telecom and service sector.
Good opportunities may be available for some time
Experts predict that good opportunities may be available for some time and companies will focus on integrating work-life culture, promoting good talent, enhancing skills and providing flexible work arrangements. can give. He says that the trend of recruitment in 2023 will mainly be such that companies will focus on moving skilled personnel internally.
… So 2023 is going to be mixed
Job portals and companies providing employees say that the next year is going to be mixed for the Indian job market. According to him, recruitment in non-technical sectors especially telecom and service sectors picked up amidst the slowdown in recruitment in technical sectors and in 2023 also these sectors will have a significant contribution in the scenario of recruitment.
‘There is no possibility of shocks next year’
Employment services company TeamLease Services’ report said that the recruitment scenario in India’s service sector remains strong in the March quarter as well. Achal Khanna, chief executive officer at the Society for Human Resource Management (SHRM) (India, APAC and MENA), said, “The hiring activity in the technology industry this year is 18 per cent lower (jobs study) as compared to October last year. In such a situation, there is no possibility of more setbacks in the new year, because the organizations have already taken important decisions.
IT sector going through crisis
The Indian job market, especially the IT services sector, is going through some crisis as technology companies such as Meta, Twitter, Microsoft, Snapchat and many others have announced massive job cuts amid fears of a recession. . The IT sector is now likely to continue to grow at a slow pace.
Experts believe that there will be limited recruitment in the coming times and companies will focus on making the existing workforce more efficient.
‘Sentiment remains positive in India’
Mayur Tade, Chief Business Officer, TeamLease Services, said, ‘Global upheavals including large-scale job cuts, freeze on hiring and fears of recession are affecting the services sector across the world, especially information technology. The area has been badly affected. However, the sentiment in India remains positive with 77 per cent employers indicating a good hiring scenario.
Khanna said the government’s efforts to boost public investment through a sharp increase in capital expenditure is expected to sustain the growth momentum in 2023 as well.
