Helped by lifting of pandemic restrictions and pick-up in business sentiment, India Inc’s hiring activities clocked 16 percent growth in March 2022 over the same month a year ago, according to a report by job portal Naukri.com.
The Naukri JobSpeak Index March 2022 stood at 2,832 at the end of the financial year, reflecting the steady growth of hiring activity in India.
“As businesses gradually inch towards the pre-pandemic normal, recruiters continue to demonstrate a positive hiring intent across key sectors, cities, and experience bands witnessed by year-on-year growth of 16 percent in March 2022 versus last year,” it said.
Hiring activity continues to grow in all major sectors:
A sequential increment in hiring activity was witnessed across all key sectors. Apart from travel and hospitality (82 percent), which has seen consistent growth since the travel restrictions have been relaxed, other key sectors that observed an uptick in hiring trends compared with last year are education (44 percent), real estate (30 percent), retail (28 percent), BFSI (22 percent), IT-Software (14 percent), and FMCG (5 percent).
In contrast, oil & gas (-6%) recorded a slight decline in March 2022 as against last year, while healthcare remained flat, as per the report.
Metros and non-metros sustain growth in hiring:
Metro cities saw positive Y-o-Y growth in hiring activity in March this year with Kolkata (42 percent) leading the charts followed by Hyderabad (27 percent), Mumbai (25 percent), Chennai (24 percent), and Pune (23 percent).
However, Delhi saw a decline (-15 percent) in March 2022 over the same month last year.
Amongst Tier-2 cities, Coimbatore (29 percent) registered the highest growth in hiring activity, followed by Kochi (12 percent). While there was a dip in Chandigarh (-9 percent), Vadodara and Jaipur remained flat in March 2022 when com-pared with the same period a year ago.
Demand for professionals across all experience bands remains steady:
Across all experience bands, the demand remained steady in March 2022 with >16 years’ experience bracket witnessing the highest growth (23 percent) against last year.
Hiring activities across 0-3 years (21 percent), 13-16 years (21 percent), 4-7 years (14 percent) and 8-12 years (11 percent) also grew in March this year.
Commenting on the report, Pawan Goyal, Chief Business Officer, Naukri.com said, “India is on the road to economic recovery with all key industries and cities showing signs of continued recovery. It is good to see that sectors that were worst hit by the pandemic such as travel and hospitality have now revived. We believe that with a growth trajectory like this, the upward trend in talent demand will continue its dream run in the coming months.”
