With the professional world adapting to maximum reliance on online spaces and digital connect, the economies have started to make a recovery and businesses gaining momentum.
To assess the performance and hiring graphs of different sectors in the Indian market amid the improving marking sentiments, global employment website Monster.com has released a market report depicting the hiring trends in different professional verticals.
As per the report, the IT and BFSI segments are pretty much driving the hiring spree in India, with large shares of job offerings. The report also underlines that the hiring for mid-senior level roles exceed that of fresher candidates. This means companies are looking forward to recruiting experienced candidates over those starting their careers.
Numbers from the report also suggest that in terms of hiring, IT has surpassed all other segments by a considerable lead, with Bengaluru leading with the highest percentages, followed by Pune and Chennai.
Hiring Increases in Tier-II Cities As Well
As mentioned earlier, the IT sector is leading by a considerable jump in terms of maximum hirings, as the Covid-19 scenario across the country improves.
With tech back in fashion, Bengaluru has portrayed the highest number of year-on-year hiring activity of 59%, as the demand for IT workers has spurred.
Following the Karnataka capital is Pune, with 40% increase in YoY IT hirings, Chennai with 37% rise, Hyderabad with 34%, Mumbai with 16% and Delhi with 14%.
It has been noticed that hiring in the IT department has not just shown a YoY positive upscale in Tier-I cities but in Tier-II cities as well.
Coimbatore has emerged as the most promising city with a good number of uptick in YoY IT hirings. A point to be noted here is the fact that while the month-on-month rise in job hirings is only 1% among tier-II cities, the year-on-year rise is about 14%.
There are also cities portraying negative hiring trends. They include Kochi, Kolkata, Jaipur and Chandigarh.
Markets Other than IT on Hiring Spree
Following the IT sector in the YoY hiring spree is the Banking, financial services and insurance (BFSI) industry with an uptick in hiring of 33%, followed by finance and accounts jobs witnessing an increase of 11%.
Not just the traditional market indicators, industries like manufacturing in garments, textiles, leathers and jewellery also witnessed a hiring uptick of 24%, while that in marketing and communications went up by 17%.
While different industry segments are witnessing an increasing hiring numbers, there are some which are not as active in the hiring zone as others.
In industries like oil and gas, shipping and BPOs, there have been numbers of hiring roles but the graph towards is slightly sluggish.
Furthermore, there are also industries where the hiring numbers are negative, like engineering, cement, construction, LMCG, logistics and freight transportation.
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