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Unlock 1.0: White-collar jobs for freshers gain pace

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White-collar jobs for freshers ticked up in June as Unlock 1.0 gathered pace, but demand for talent is down 30-60% from levels seen before the pandemic.

IT-software, pharmaceuticals/biotechnology, Business Process Outsourcing/IT enabled Services, medical/healthcare and Banking, Financial Services and Insurance (BFSI) are posting the maximum number of jobs for freshers with 0-2 years of experience.

Profiles most in demand include sales and marketing executives, data entry/back office, IT software engineer/developer and tele-callers.

Companies hiring freshers include Accenture, Amazon, WiproNSE 0.23 %, Muthoot Finance, Ernst & Young Global Business Services, Tech Mahindra, Mphasis, Paytm, Reliance Industries, WNS Global, HCL TechnologiesNSE -1.02 %, Bajaj Capital, Simplilearn, Tesco, NTT, Microland, Dell and IBM India, according to job sites—Freshersworld.com, Indeed.com, and Naukri.com

Freshersworld.com, a subsidiary of staffing firm TeamLease, currently has around 350,000 job openings for freshers.

Though down from an average 500,000 monthly, it marks a jump from March 25 to April 30, when hiring of freshers dropped to 150,000.

The 70% decline during the lockdown was unseen even during the peak of the 2008-09 financial crisis. Job vacancies are, however, up significantly from the March-April period, said Kaushik Banerjee, VP and business head at TeamLease and Freshersworld.

white color job - Unlock 1.0: White-collar jobs for freshers gain pace

“Companies took tough calls – including layoffs – in the March-May period. But right after, they assessed their business potential and geared up for profiles they need to hire,” Banerjee said.

Pawan Goyal, chief business officer at Naukri.com said fresher jobs are down by two-thirds when compared to the pre-lockdown period, but “around 900 companies have posted jobs for freshers in June (as on June 25), adding close to 3,800 jobs.”

At jobs site Indeed, the trend in job postings shows that the slowdown accelerated in the second half of March and through April to May, reflecting lockdowns on economic activity. But from May till now, hiring trends have regained momentum.

“The job market for freshers will likely be tougher than we have seen for a number of years. Fewer available jobs, combined with greater competition for those jobs, will squeeze out some new graduates,” said Sashi Kumar, managing director at Indeed  india

“Freshers may need to consider their options and improve their qualifications and skills to make themselves more appealing in a tough job market,” he added.

At recruitment and staffing firm CIEL HR Services, hiring for white-collar jobs for freshers is now at 40% of pre-Covid-19 levels, said CEO Aditya Mishra.

The current hiring is mostly in retail sales for the essential commodities sector, customer service, software developers, business analysts and IT infrastructure engineers.

“Other roles such as finance, HR, admin, operations, engineering, production and quality are seeing less hiring, mostly to fill critical gaps in an organisation,” Mishra said.


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