INDIA HIRING TRACKER
Hiring activity registers 11% surge: Foundit Insights Tracker
A recent report by foundit reveals a significant increase in hiring index, with the production and manufacturing sector showing remarkable growth. This upswing is attributed to factors like government support in PLI and infrastructure development.
Production and manufacturing sector emerges as top hiring industry in tier-II cities: foundit
The findings shows that tier-II cities are seeing stronger growth rates in sectors like production and manufacturing (29%), IT-software & services (17%), real estate (8%) and education (8%), where recruiters are seeking diverse talent with specialised skill sets.
Hiring in tier-2 cities showing consistent growth: foundit
Tier-2 cities in India have seen consistent growth in hiring compared to metropolitan areas, with cities like Kochi, Coimbatore, and Jaipur emerging as key hiring locations. The overall hiring index shifted to 295 in May 2024, with an 11% increase in hiring compared to the previous year. Tier-2 cities are becoming increasingly attractive hubs for businesses seeking expansion opportunities and tapping into diverse talent pools for sustainable growth.
Startups are driving job growth for freshers: Foundit Insights Tracker
A recent report by foundit, formerly Monster APAC & ME, highlights India's booming startup ecosystem and job opportunities for freshers.
Hiring sees 9% uptick in April 2024, says latest foundit Insights Tracker
The startup ecosystem saw a 37% increase in the number of new companies, leading to a 14% surge in the number of jobs. More than half (53%) of all startup jobs are targeted at freshers. Production and manufacturing sector saw a 31% year-on-year surge in hiring.
Senior-level IT hiring rebounds; China's BBK group resets India sales strategy
Indian IT companies are back headhunting for senior roles. This and more in today’s ETtech Top 5.
India’s monthly hiring rises 3% in March: Foundit
Hiring in India rose 3% sequentially in March, but fell 4% year-on-year, reflecting global economic uncertainties. White-collar gig hiring surged 184% year-on-year, led by the IT sector, which accounted for 46% of gig jobs. Metro cities like Delhi, Bengaluru, and Mumbai spearheaded gig employment, offering cost-effective solutions and flexibility.
Hiring activity in January 2024 declines 5% year-on-year, but grows 3% from December 2023: foundit insights tracker
Hiring activity in India slowed 5% in January 2024, but month-on-month growth was 3%. The Interim Budget 2024 had a positive impact on the job market, with various sectors showing consistent hiring momentum. Telecom/ISP, BFSI, and Logistics, Courier/Freight/Transport sectors saw a 5% increase in job postings.
RBI’s major blow to Paytm; IT fresher hiring at record low
The Reserve Bank of India dealt Patym a severe blow, barring the listed fintech’s payment bank from offering banking services after February. This and more in today’s ETtech Morning Dispatch.
RBI’s TReDs on growth path; green shoots in IT hiring
RBI's invoice discounting platform (TReDS), meant for easy access to credit for small businesses, has seen increased usage in the past year. This and more in today's ETtech Morning Dispatch.
India’s tourism and hospitality sector saw 50% jump in hiring in 2023
Indeed’s quarterly tracker also shows that blue-collar hiring in the industry saw an overall 8% increase compared with the year-ago period. "The rise not only signals a noteworthy post-pandemic recovery but also reflects a promising future for the industry, while underscoring the job market's adaptability and resilience in the face of evolving global trends," the company said in a release on Wednesday. The surge in hiring was led by Delhi NCR, Mumbai, Bengaluru, Pune and Kochi.
Hiring activity slows by 10% YoY in November
On a month-on-month basis, the government, public sector and defence industries showed the sharpest increase in job postings, with a 14% increase in hiring on the back of government policies and initiatives such as ‘Make In India’ and the Aatmanirbhar Bharat Rojgar Yojana.
Over 60% IT employees ‘directly know’ someone who is moonlighting: Indeed
According to a report, the attitude towards moonlighting varies across sectors, with the IT and manufacturing sectors leading in opposition to moonlighting.
White-collar jobs trip in October, but some sectors see a pick-up on festive boost
In October, white-collar job hiring in India experienced a 1% sequential decline and a 3% year-on-year decrease, impacted by heightened geopolitical tensions and macroeconomic challenges, according to findings from talent platform foundit (formerly Monster APAC & ME). Despite this, sectors tied to festive and year-end demand, such as hospitality, travel, tourism, retail, and shipping and marine, witnessed increased recruitment activity.
E-recruitments fall 8% in September as companies focus on upskilling existing employees
E-recruitment activities in India declined by 8% in September as companies focused on upskilling their existing employees instead of hiring new talent, according to a report by Foundit Insights Tracker. Despite the temporary hiring hiatus, India's economic prospects remain strong with rising wages and disposable incomes driving demand in sectors such as private health insurance, retail, and consumer durables.
E-recruitment activities in India decline 5% in August: Report
"While hiring has slowed down overall in several sectors in the country, our nation's economy maintains its resilience amidst global uncertainties. A large contributing factor to this stability is the government's emphasis on nurturing sectors such as shipping, finance, and travel," foundit, a Quess company, CEO Sekhar Garisa said.
White collar hiring dips 3 pc in June on cautious recruiter sentiments: Report
White collar jobs experienced a 3% decline in June due to cautious recruiter sentiments, especially in IT, BFSI, and manufacturing sectors. However, there was a 2% monthly growth in online hiring activity across key industries, indicating a resurgence. Healthcare, BPO, production and manufacturing, and logistics sectors led the way in positive e-recruitment activity.
India Inc hiring activity slows by 7% amid macroeconomic headwinds, says foundit jobs tracker
A combination of factors is leading to the hiring slowdown including a slowing economy that has forced companies to cut expenses and the ongoing technological disruption that is leading to change of roles.
Hiring activity dips 4% in April vs a month ago: foundit Insights Tracker
Hiring activity dipped by 4% in April compared to a month ago, indicating cautious sentiment among Indian recruiters, according to foundit Insights Tracker (fIT). While BFSI (+3%), travel & tourism (+2%), and import/export (+13%) picked up on a month-on-month (m-o-m) basis, many sectors such as logistics, home appliances, and oil and gas saw a steep fall.
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