You can be on Entrepreneur’s cover!

Hiring Trends In India: What The Job Market Looks Like The job market in India can be great or not- depending on who you ask the question to.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo by Austin Distel on Unsplash

The job market in India can be great or not- depending on who you ask the question to. Someone who has been struggling for the last few months to find a job would say that it's a bad time to be in the market, while another individual safe and secure in their job wouldn't really be bothered about the ground reality, as long as they are getting their monthly pay cheque.

A recent survey by Foundit Insights Tracker gives us an insight into what the scenario looks like, going by the trends in January. Here are some significant points from the report which give us an idea:

1. Marketing and Communications roles surged by 7%, indicating a robust demand for digital marketing and analytics expertise. This is particularly pronounced in Delhi/NCR, which experienced a significant 5% increase in such roles.

2. Legal professions also saw a 7% rise, especially in Mergers and Acquisitions advisory, reflecting the sector's vibrant activity.

3. Sales and Business Development, Finance & Accounts, and HR and Admin functions recorded modest growths of 2% and 1% respectively, showcasing steady demand across these essential business operations.

4. However, the Software, Hardware, and Telecom sector remained static, suggesting a phase of consolidation before future growth.

5. The Travel and Tourism sector witnessed a 6% increase, possibly buoyed by the resurgence of global and domestic travel.

6. Similarly, the BFSI, Logistics, Telecom/ISP, and Real Estate sectors each recorded growth, with a 5% increase in hiring activities, indicating sectoral recoveries and expansions.

7. Advertising, MR and PR sectors also enjoyed a 4% uplift, aligning with the increased demand for marketing and communication roles.

8. The Telecom/ISP sector showcased significant expansion, driven by the adoption of Generative AI, FinTech innovations, and enhanced cybersecurity measures. This diversification is likely to fuel further growth and innovation within the sector.

9. E-recruitment activity has seen an uptick in 8 out of the 13 cities monitored, reflecting a broader accessibility to employment options across the country. This potentially aligns with the growing trend of remote and hybrid working models.

10. The past three years have shown a declining trend in types of jobs available. Of all jobs available, 'Hybrid Work' accounts for just 21%, while 'Work from Home' accounts for just 9% of job openings. However, people seeking hybrid and remote job opportunities are 44% and 17% respectively.

The IT sector contributes to a huge chunk (44%) of both permanent and temporary job postings online. The IT sector's continued dominance in the remote job landscape is noteworthy, although there has been a 14% decline in such roles year-over-year.

This shift highlights the evolving nature of work arrangements, with an increasing dialogue around workplace flexibility, including the potential adoption of a four-day workweek.

Source: Foundit Insights Tracker (FIT) Report

Entrepreneur Staff

Entrepreneur Staff

Editor

News and Trends

Nikhil Kamath's WTFund Invites Applications from April 15 from Young Entrepreneurs

The new sector-agnostic fund will offer a package including a non-dilutive grant of INR 20 lakh and will enable founders to retain full equity in their ventures.

Growing a Business

5 Entrepreneurial Mindsets That Drive Success

Here are the mindsets shared by the most successful entrepreneurs.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Renowned Psychologist Adam Grant Says This 3-Step Leadership Method Will Help Fight Employee Burnout

We spoke to the bestselling author at BetterUp's Uplift conference last week.

Business News

These Are Best Cities in the World for Remote Workers, According to a New Ranking

A recent report from Remote.com ranked over 100 cities in the world. Here's the best of the bunch.

Growing a Business

Demand For This Workforce Is Soaring – Here's How You Can Capitalize On This Thriving Talent Pool to Drive Your Company's Growth

Top platforms and practical tips for capitalizing on specialized independent talent.