The white-collar recruitment activity in India is showing signs of robust recovery as it rose by 40% in May compared to a year ago, according to data from jobs portal Naukri.com.
Compiled from the Nauri.com website based on jobs posted by over 76,000 employers, the data showed hiring trends across industry sectors, geography, and experience level.
Among various sectors, four stood out with a three-digit year-on-year growth. This includes travel and hospitality (+325%), retail (+175%), real estate (+141%), and insurance (+126%).
The banking and financial services, education, and automobile industries also reported an uptick in annual hiring trends with 104%, 86%, and 69%, respectively.
Meanwhile, the IT-software services sector went up by seven per cent y-o-y as companies still grapple with the digital shift.
“The recruitment landscape continues to stay resilient and is sustaining the momentum 2022 ushered in,” said Pawan Goyal, Chief Business Officer, Naukri.com.
“The secular nature of trends; cutting across metros as well as non-metros, experienced professionals as well as freshers [are] again a good indicator of this strong hiring sentiment,” he added.
Across all experience levels, the demand for entry-level talent — with 0-3 years of experience — recorded the steepest rise of 61%. At the same time, positive hiring sentiments were observed for other experience brackets such as 4-7 years (+37%), over 16 years (+27%), 13-16 years (+26%), and 8-12 years (+22%).