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Hiring in India up by 41% in January 2022: Report

Hiring in India up by 41% in January 2022: Report

India will witness a hiring spree across industries in 2022, according to the Naukri JobSpeak index.

 

The report recorded a 41% year on year growth in January 2022. The country’s premier index was trending at 2716 in Jan’22 vs 1925 in Jan’21. The acceleration  of hiring activity was observed in multiple sectors with IT-Software, Retail, and Telecom leading the charts.

 

At the beginning of 2022, the hiring sentiment reflected a resilience to the third wave as the corporate world geared up for growth. Outpacing 2021, hiring activity saw strong growth signs in major sectors. Apart from the ones mentioned above, other sectors that observed an increase in the hiring trend compared with last year are Pharma (29%), Medical/Healthcare (10%), Oil and Gas/Power (8%), Insurance (8%), FMCG (7%), and Manufacturing (2%). Auto/Auto Ancillary remained flat on January 22 vs January 21.

 

The upswing in hiring in IT-Software and BFSI sectors have enabled metro cities to outperform their tier-II counterparts in the Y-O-Y growth charts. IT hubs of India i.e. Bengaluru (+79%), Hyderabad (+66%), and Pune (+63%) recorded the highest growth in Jan’22. Other metro cities like Mumbai (+58%), Chennai (+54%), Kolkata (41%), and Delhi/NCR (+35%) also witnessed a spike in the hiring trajectory.

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Inthe non-metros, Ahmedabad (+50%) witnessed the highest growth in Jan ‘22 followed by Coimbatore (+43%), Kochi (+27%), Vadodara (+12%) and Jaipur (+8%).

 

Hiring across all experience bands was positive in Jan’22 when compared with Jan’21 but demand for senior professionals in the 8-12 yrs (+48%) experience bracket received maximum traction. Demand was also high for professionals in the 0-3 yrs (+37%), 4-7 yrs (+42%), 13-16 yrs (+46%), and above 16 yrs (+31%) brackets.

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