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      Engineering, Telecom and Healthcare will Add Close to 12 million New Jobs by FY’26 States TeamLease Digital

      TeamLease Digital, the specialised staffing division of TeamLease Services today launch a comprehensive report covering the employment trends across Engineering, Telecom and Healthcare titled Professional Staffing – Digital Employment Trends Report. 

      An in-depth report, it tables the hiring trends in the Engineering, Telecom & Healthcare sectors.

      It delves deep into specialized roles, the sought after skills, skill gap and measures undertaken to address the gap by employers, and market median salaries for these roles.

      It also throws light on the impact of technology proliferation and digitization on employment in the three sectors.

      According to the research, not only the contribution to GDP by Engineering,

      Telecom and Healthcare will see a rise in the next 5 years, even the job creation by the sector will grow significantly.

      The three sectors together is expect to add close to 12 million new jobs by FY’26.

      The total employment generate by the three sector together will rise from the current 4.56 million to 9.03 million in the next five years.

      What more, the focus on recovery coupled with technology proliferation and digitization in these sectors will lead to an increase in demand for talent with high skill and expertise. 

      The demand for specialized roles will double by 2026. 

      Mr. Sunil C, Head- Specialised Staffing, TeamLease Digital, Said :

      “The Engineering, Telecom & Healthcare sectors are on the verge of an Industry 4.0 transformation. There is a shift from a central industrial control system to one where smart products and processes at the heart of their operations. This transition coupled with the PLI scheme and FDI(Foreign Direct Investment ) is driving an exponential demand, more so for talent with niche skills across these sectors. While in overall there will be a 25 – 27% rise in job opportunities created by the 3 sectors together, the demand for skilled talent or specialised staff will grow from the current 45, 65,000 to more than 90, 00,000 (estimated) by 2026.”

      Ms. Munira Loliwala, AVP – Engineering Staffing & RPO Solutions, TeamLease Digital Said :

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      “It is not only the demand for talent, the road to recovery and growth has led to a shift in the employment model as well. The share of contract staff has grown from 10 – 11% of the overall employment to 16%. It is expected to be around 24% of the overall employment by 2026. Further, employers and candidates are not hesitating to explore newer models like gig. The percentage of gig model will grow by 17% by 2023”.

      A comprehensive report, Professional Staffing – Digital Employment Trends Report is qualitative research which has surveyed and interviewed more than 750+ employers/ leaders from across Engineering, Telecom and Healthcare.

      About TeamLease Digital

      TeamLease Digital is a subsidiary of TeamLease Services Limited, which offers specialized staffing & solutions across IT, ITeS, Telecom, Engineering, EdTech, HealthTech, and Gaming industries.

      As TeamLease Digital has emerged as one of the largest specialized staffing & solutions provider in the country.

      TeamLease Digital has hired over 80,000+ professionals since its inception, has 10000 + consultants currently deploy with 200+ clients including some of the largest Fortune 500 clients, and has over 7,000+ open jobs every day. 

      With the purpose of ‘Putting India to Work’, we at TeamLease Digital are commit to being part of the amazing growth story.

      About TeamLease Services Pvt. Ltd

      TeamLease Services is one of India’s leading human resource companies offering a range of solutions to 3500+ employers for their hiring, productivity and scale challenges.

      A Fortune India 500 company listed on the NSE & BSE, TeamLease has hired 17 lakh people over the last 17 years and has 2 lakh+ open jobs every day.

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      One of India’s fastest growing employers, TeamLease also operates India’s first Vocational University and fastest growing PPP National Apprenticeship Program.

      The company offers solutions to large, medium and small clients across the 3Es of Employment (1.5 lakh+ employees), Employability (2 lakh+ students) and E-Workforce (1000+ employers).

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