Lack of jobs in the market but there was an outpouring in the IT sector – Report, Lack of jobs in the market but there was an outpouring in the IT sector – Report

According to a report, the month of May was sluggish in terms of new jobs, but the tech industry bucked the downward trend induced by the pandemic as information technology continued its expansion spree. In May, according to job site SCIKEY Market Network The total number of new job positions has declined by 2 percent. The retail sector saw a 16% decline, banking saw a 12% drop in new job positions and FMCG 12%, but the insurance sector saw a 5 per cent growth in the wake of the second wave of the Covid-19 pandemic.

Job openings in IT sector
The report said that the month saw a 12-16 percent increase in new job posts for software developer, DevOps, cloud and data engineer. It said that profiles such as sales, marketing, site engineering, human resources, finance and project manager remained flat. The data also showed that there were 16 for mid-level executives with 8-12 years of experience and leadership positions. Jobs with more than a year’s experience have increased by 5 percent and 12 percent respectively.

There was a drop in the entry level
SCIKEY co-founder Karunjit Kumar Dhir said that there has been a 4 per cent drop in hiring for entry-level and freshers during the lockdown period. It has been a tough patch for most sectors since the lockdown. However, tech companies have gained a good momentum on hiring. Due to the shift to remote working and increased demand for some online services, technology has been immune to the lockdown.

Hiring increase is a good sign
The rise in tech hiring shows that such roles remain in demand due to increased competition and the demand for new digital technology-led projects during the pandemic. This is a positive indicator that businesses are looking to execute their growth plans. We are moving towards, not just survival or business continuity strategy. He added, “As the economy continues to grow slowly with unlock measures and increased mobility, we expect an increase in hiring activity in the rest of the sectors as well. There will be further improvement.