India Inc. Hiring to Witness 31% Growth in 2022: Taggd

07 February 2022: Taggd, in association with the Confederation of Indian Industry and Sunstone Eduversity, released the third edition of its annual Decoding Jobs Industry Sectoral Reports 2022. This annual report provides an overview of the hiring outlook of 7 key industries for 2022 across various parameters such as experience, gender, the composition of workforce, location and skills.

During the launch, Ved Mani Tiwari, COO and Officiating CEO, National Skill Development Corporation (NSDC) presented the findings of the report, in the presence of over 250 CHROs and industry leaders. According to the findings of the report, hiring activity is expected to post 31% growth in 2022 across 7 key sectors (Automotive, BFSI, Global In-House Centers, Heavy Engineering and Manufacturing, Internet Businesses, Information Technology and Pharmaceuticals).

Speaking on skill development, Piyush Nangru, the COO and co-founder of Sunstone Eduversity, said, “A leading cause of poor productivity and lack of alignment in the work scenario is the absence of a functional, cutting-edge training and learning ecosystem. Therefore, making education tailored to the demands of the corporate world through experiential learning and industry interaction during college will be the redefining factor for education in the coming years. These factors make it imperative for ‘Soft-skills’ and ‘Content designed for in-demand specialisations’, to be a prominent part of the curriculum and base-level training.”

Highlighting the macro-economic factors supporting this positive hiring sentiment, R. Mukundan, Chairman, CII National Committee on Industrial Relations and Managing Director & CEO, Tata Chemicals Ltd. said, “As we pave the way towards India@2047, the path towards self-reliant India has to be supported by a large availability of a skilled workforce to meet the demands of Industry 4.0.”