Digitisation spurts white collar jobs by over 60% in September: Report

The white collar job market increased by over 60% YoY in the month of September. This is due to the declining Covid cases, continued digitisation and the onset of the festive season, The Times of India reported. The count of active jobs in sectors like IT and BFSI crossed pre-Covid levels. The month also saw a 5-10% increase in the MoM job count as physical retail, travel and hospitality are on the road to recovery. E-commerce sector is also prepping for a festive season boom.

According to Page Executive India’s estimates, hiring activity increased by 80-100% YoY. It also added that the October to December quarter would see a near 50% increase in job activity as compared to the July to September period. The October to December quarter is traditionally marked by finalisation of HR budgets and plans.

It further said that both traditional and new age companies are expanding teams on the back of diverted capital flows to India from China.

Job postings increases by 9.6% as of October 1

As per monthly analysis from specialist staffing firm Xpheno, active white collar jobs closed at 2,85,000 in September 2021, with a marginal 3% rise in August and a 60% increase compared to September 2020.

The research showed that September had the second highest count of active jobs for the current calendar year after March’s 2,90,000. Xpheno also said that IT services companies will continue to hire a mix of freshers, laterals and contractors, while startups will recruit a higher percentage of laterals.

According to data from jobs site Indeed.com, hiring activity crossed the pre-pandemic levels as of October 1, with job postings growing by 9.6% from the February 2020’s baseline levels.

Naukri.com’s job data said that most of the sectors showed significant YoY hiring growth led by IT products and services (138%), followed by hospitality (82%), retail (70%), banking and financial services (43%) and telecom (37%).