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The Indeed Hiring Tracker of Q1, FY23, is based on a survey of 1,229 employers and 1,508 employees during April-June 2022.The findings further revealed that 37 per cent of all jobseekers looked for a job or a job change during the quarter, compared to 46 per cent during the previous quarter, it added.

IITs of Delhi, Madras, Varanasi, Guwahati, Gandhinagar and Mandi said they have seen a 15-75% increase in PPO numbers compared with this time last year, with the highest disclosed salaries offered so far at ₹91.2 lakh to ₹1.2 crore at these institutes.

An increasing number of employers are focusing on hiring candidates who have some prior work experience and apprenticeships is playing a crucial role in bridging this gap, according to a study by TeamLease Degree Apprenticeship and JustJobs Network. The study states that doubling the number of apprentices from 500,000 to 10,00,000 per year, and setting an initial target of 10 million apprentices in ten years, is a crucial step in bridging the skill gap.

Companies across the mining, consulting, paper pulp, electric vehicles, cement, FMCG and financial sectors, among others, want leaders to manage their ESG initiatives through cleaner and greener processes and improved transparency in reporting, and to develop a long-term sustainability roadmap, said executive search firms Korn Ferry, Transearch, and Claricent Partners, which are seeing a two to three times increase in mandates.

"We are noticing a new trend this year where companies are offering joining and retention bonuses for roles of in-shop demonstrators, operations and supply chain," said Aditya Misra, chief executive, CIEL HR. "These incentives are not statutory payments and are aimed at attracting and retaining employees until the end of the contract so that continuity is maximised."

The pandemic has changed the way employees look at work and career. A vast majority of the workforce does not want to be confined to office cubicles or remain bound to their pre-Covid desktops. The need to balance personal and professional lives is finding resonance among Indian workforce like never before.

Commercial operations and customer-facing roles are most sought after, say industry players.

As per the report, 58% of Indian employers have budgeted for higher salary increases this year compared to last year, while 24.4% are making no changes in the budget. Only 5.4% have reduced the budget as compared to 2022.

According to the NSO’s (National Survey Office) Time Use in India survey in 2019, the average time women were spending on unpaid domestic service for household members was three times that of men, while the average time they spent on unpaid caregiving services for household members was nearly double that of men, at 134 minutes vs 76 minutes.