IT leads hiring spree during Apr-Jul

Led by the information technology (IT) sector, India Inc continued with its hiring spree during April-July this fiscal, despite being hit hard by the appreciating rupee, which ate into the profitability of a majority of sectors, industry chamber Assocham said.

IT jobs constituted nearly 24% of over 1.47 lakh vacancies listed on job portals and in newspapers during the period, followed by financial services at 14.5% and sales and business development at 13.5%, it added.

The IT sector provides employment to over 1.6 million people directly and to about 4 million indirectly.

The engineering sector constituted 8.7% of the employment opportunities created during the said period.

Job opportunities in sales and business development have beaten financial services openings listed on job portals. While the former had a 15% share, the latter accounted for about 11.5%, Assocham said.

"Though, robust growth of economy has created numerous vacancies, severe shortage of the talented workforce and high attrition rates continue to plague the industry," Assocham President Venugopal N Dhoot said in a statement.

Major demand for the finance personnel emanated from sectors like banking and real estate, which are estimated to hire 1.40 lakh recruits this fiscal.

Human resource or administration portfolios accounted for 7% openings. HR professionals constituted just about 1.5% of the total graduates, indicating a limited choice for firms in the sector.

Manufacturing sector comprised just 6.75% of the vacancies, it added. Other professions such as medical, law, media, airlines and ticketing among others constituted almost 19.5% of the positions advertised.