India’s job market is hiring at 14%, indicating that the country has made a decent recovery from the effects of the first wave last year. (representative image)
BENGALURU: Tech is back in fashion, as year-on-year hiring activity grew the most in Bengaluru (59%), largely driven by demand for IT workforce, according to a Quess Corp firm Monster.com According to a report by com.
This was followed by an increase of 40% in Pune, 37% in Chennai, 34% in Hyderabad, 16% in Mumbai and 14% in Delhi. The cities showing negative hiring trends were Kochi, Kolkata, Chandigarh and Jaipur.
Among tier-2 cities, Coimbatore showed the most promise when it came to new job postings. While the month-on-month growth is not sharp as only 1% grew, India’s job market is operating at 14% year-on-year, indicating that the country has recovered significantly from the impact of the first wave last year. Good recovery. .
Apart from IT hiring, BFSI was the next hot sector with a gain of 33%; This was followed by an 11% increase in finance and accounting jobs across cities year-on-year.
Manufacturing also witnessed a positive trend with 24% growth in garments, textiles, leather and jewellery. When it comes to the nature of the role, according to the Monster report, there has been a 17% increase in hiring in marketing and communications.
The sectors with the slowest growth in hiring were oil and gas, shipping and BPO. Negative hiring trends were seen in industries such as engineering, cement, construction, FMCG, logistics and freight transportation.
Functional roles in customer service, healthcare, sales, business development, and hospitality and travel continue to struggle with maximum year-over-year declines in job postings as of August 2021. Despite the pandemic, healthcare jobs saw a 13% drop. Year.
And when it comes to hiring, it was not freshers but profiles with senior management roles that are seeing the biggest recruitment drive.
Most of the postings were for mid-senior level roles, followed by intermediate roles and entry-level roles. Top management roles were advertised 70% higher than in the previous year – indicating that the corporate ladder has changed in most firms.
“With India recovering from the second wave of the pandemic, there has been a positive steady growth in job postings in the month of August 2021. Also, with the impending festive and seasonal demand, we expect the hiring activity to flourish in the coming months, as we have already seen in the textile and manufacturing industries,” said Shekhar Garissa, CEO – Monster dot com said.
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