White-collar job openings rise to 20-month high: Report

The staffing specialist firm Xpheno’s study states that October 2021 has emerged as the strongest month, with active white-collar job opportunities exceeding the 3-lakh mark for the first time in over 20 months, boosting hiring sentiment.

October saw a 12 percent increase over September this year, with 3.2 lakh active opportunities across all sectors. On a year-over-year basis, the increase is 16 percent. According to the study, which was given exclusively with The Times of India, the number of active job postings in October is over 30% greater than the volume register in pre-Covid months.

Organizations servicing present demand while also considering capacity expansions for the following year are boosting the recruiting volume. Organizations are stated to be relying on a good mix of entry-level and lateral hiring to fill vacancies. On the other hand, with enticing price packages for seasoned workers, startups are fueling the lateral hiring markets.

The majority of the openings accounted for 31% of the total volume, which was up 1%. Mid-junior opportunities (28% of volume) increased by 13%, while mid-senior jobs (23% of volume) increased by 11%.

Xpheno’s co-founder Kamal Karanth believes the best is yet to come, despite the fact that this is the strongest point in a rising curve so far. “It’s not surprising to find active job opportunities at an all-time high, owing to the pent-up demand in the new digital environment. “However, the best is yet to come,” Karanth said, “since several traditional sectors including manufacturing, construction, BFSI, hotel, and travel have yet to return to their pre-Covid high.”

“In comparison to the same period last year, the average active jobs funnel has grown by roughly 45 percent in the last four months. “This is a good sign of recovery with steady positive hiring across key industries,” Karanth remarked.