Recruitment in India 2024: Energy, IT and Manufacturing Sectors in India Witness Significant Growth in Recruitment Activity, Says Report
Moreover, the report revealed that cities like Coimbatore, boasting a 4 per cent increase, demonstrated strong performance. Bengaluru continued its upward trajectory with a 3 per cent increase.
New Delhi, March 1: Sectors like energy, IT, and manufacturing in India witnessed significant growth in recruitment activity, a new report revealed on Friday. According to the talent management platform foundit (formerly Monster jobs), there has been a gradual uptick in hiring activity across sectors, indicating a three per cent (month-on-month) growth.
In February 2024, the IT-Hardware and Software sector experienced substantial growth, showing a remarkable 7 per cent increase compared to the preceding month. The Oil/Gas/Petroleum and Power sector observed a surge in hiring demand, with a notable increase of 7 per cent over the past month. Mining Startups in India: Five Startups Get ‘Rs 6 Crore Grant’ for Innovations in Mining Sector.
"The positive momentum in certain sectors like manufacturing and energy are encouraging signs. However, freshers face a challenging landscape with increased competition and fewer opportunities," said Sekhar Garisa, CEO, foundit, a Quess company.
There has been a significant 24 per cent increase in the number of job applications. On average, there are approximately 6 job applications for every 1 active job opening. Moreover, the report revealed that cities like Coimbatore, boasting a 4 per cent increase, demonstrated strong performance. Bengaluru continued its upward trajectory with a 3 per cent increase. C-DOT To Collaborate With Qualcomm Technologies To Support Startups and Developers Working on Innovative Products.
Meanwhile, cities such as Pune, Ahmedabad, and Delhi-NCR saw moderate growth of 2 per cent, showing the influence of their diversified economies and the presence of various industries. The report further noted that roles in Hospitality and Travel experienced a remarkable surge in hiring by 8 per cent, indicating a robust rebound from stagnant growth last month. Roles in HR and Administration witnessed a notable increase of 7 per cent in February.
(The above story first appeared on LatestLY on Mar 01, 2024 02:50 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).