Forget experience, companies are looking for fresh legs to further India’s growth story.
A report by Naukri JobSpeak reveals that the employers’ intent to hire freshers has gone up by 61 percent year-on-year in May 2022 as compared with the same period last year.
The report also says that hiring grew across all cities and Hyderabad witnessed a positive growth of 23 percent year-on-year for the same period mentioned above. Overall hiring stayed buoyant in May 2022 and sustains the run rate while beating last year by 40 percent, the report informs.
As the holiday season kicks in, the Travel and Hospitality sector hits top gear witnessing a 357 percent growth in hiring sentiment compared to May 2021, breaking the shackles of pandemic waves last year. As per the latest Naukri JobSpeak May 2022 Index, the surge in hiring activity stays put as it records 40 percent year-on-year growth in May 2022.
Sectors like retail, real estate, and insurance saw growth of 175 percent, 141 percent, and 126 percent respectively and they were among the top sectors that witnessed significant growth. Other key sectors that saw an uptick in hiring trends as compared to last year are BFSI (104 percent), education (86 percent), auto (69 percent), oil and gas (69 percent), FMCG (51 percent), and IT-Software/Software Services (7 percent).
The demand for talent in metros and non-metros remained steady as all cities indicated a double-digit growth. Amongst metros, Delhi registered the highest year-on-year growth of 63 percent closely followed by Mumbai (61 percent).
Naukri.com chief business officer Pawan Goyal said, “The recruitment landscape continues to stay resilient and is sustaining the momentum 2022 ushered in. The job market has shown stable sequential trends which is substantially ahead of last year’s baselines.”