The hiring activity has been the highest in the last one year in the IT industry. However, barring IT, the hiring has been robust in other sectors like pharma, real estate, banking, and finance sectors. According to a recent study by a job portal, the State’s capital city has witnessed about a 27 percent increase in hiring, and it stands second in the hiring activity segment.
NaukriJobSpeak Index for Hyderabad in March 2022 stood at 4118, which meant a 27 percent growth when compared with 3235 in March 2021. Kolkata, however, topped the charts in year-on-year growth with 42 percent growth, while cities such as Mumbai, Chennai, and Pune came third, fourth, and fifth, respectively. While Bengaluru saw a 19 percent increase, Delhi saw a decline of -15 percent in the hiring index in March 2022.
When it came to hiring trends vis-a-vis experience levels, the index shows that the demand has been steady in March 2022, with the less than 16 years experience bracket seeing the highest growth of 23 percent vs. last year. The hiring activities across 0-3 years stood at 21 percent, 13-16 years at 21 percent, 4-7 years at 14 percent, and 8-12 years at 11 percent growth in March 2022.
Incidentally, the month of the financial year closing saw a sequential increment in hiring activity across all key sectors. Apart from travel and hospitality, the sectors that saw an uptick included education (44 percent), real estate (30 percent), retail (28 percent), BFSI (22 percent), IT software (14 percent), and FMCG (5 percent).
However, according to Naukri.com, the growth trajectory is likely to continue in the coming months.