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Conversely, the telecommunications sector saw its biggest decline in six quarters from July to September. The rate of decline was 10.03%, up 1.16% from the April-June quarter (8.87%), the report said.
Hiring intentions refer to the number of companies in the sector that plan to hire professionals in each period. In this case, 90% of companies in the telecommunications sector plan to hire professionals in the quarter from October to December this year.
Hiring intent is driven by a 65% increase in hiring trends for roles based on 5G technology.
Telecom ranked fourth for employment intentions, with the top three being information technology (96%), education services (95%) and e-commerce (92%).
“Currently, most of the investments[by companies]are directed towards 5G network rollouts, which are primarily driven by carriers, original equipment manufacturers (OEMs), system integrators and telecom infrastructure/service providers.” said Mayur Taday, CEO of TeamLease. service, said in the report. “Also, given the rollout of 5G, many telecom players are expanding their digital presence and data center capabilities across the country, which will create a job market.”
Staffing agencies expect over 1800 jobs in this area across profiles such as sales, installation, wiring, RAN engineers, software engineers (IoT applications), cloud, design, data, artificial intelligence, machine learning, and more.
Taday said the telecommunications sector did not see a significant decline compared to the previous quarter, but felt competition as demand for technology profiles continued to increase across the sector.
“The natural decline is due to the migration of skilled employees from the telecommunications sector to related and other business sectors. With the convergence of the ICT space, many software skills are becoming exchangeable between IT and telecoms. There is a shortage of up-to-date skills, and the supply and demand situation is improving in favor of demand, increasing turnover,” he said.
“We’ve seen double-digit growth over the last eight to 10 quarters. This is a huge opportunity for us. , the market size has at least doubled from Rs 35,000 to Rs 40,000 to Rs 75,000 to Rs 90,000 due to the shift to new segments,” Airtel Business CEO Ajay Chitkara told ETTelecom.
Interestingly, the telecommunications sector also shows an increased willingness to expand its apprentice pool in the second half of 2022. In the second half, 81% of operators showed a tendency to hire apprentices, compared to 61% and 58% in the first half. Late 2021.
Sumit Kumar, CEO of TeamLease Degree Apprenticeship said: .
He added that there has been considerable awareness of the apprenticeship system, which is why the organization wants to try it out and take advantage of its benefits.
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