New Delhi, March 1 (IANS) Sectors like energy, IT, and manufacturing in India witnessed significant growth in recruitment activity, a new report revealed on Friday.
According to the talent management platform foundit (formerly Monster jobs), there has been a gradual uptick in hiring activity across sectors, indicating a three per cent (month-on-month) growth.
In February 2024, the IT-Hardware and Software sector experienced substantial growth, showing a remarkable 7 per cent increase compared to the preceding month.
The Oil/Gas/Petroleum and Power sector observed a surge in hiring demand, with a notable increase of 7 per cent over the past month.
“The positive momentum in certain sectors like manufacturing and energy are encouraging signs. However, freshers face a challenging landscape with increased competition and fewer opportunities,” said Sekhar Garisa, CEO, foundit, a Quess company.
There has been a significant 24 per cent increase in the number of job applications. On average, there are approximately 6 job applications for every 1 active job opening.
Moreover, the report revealed that cities like Coimbatore, boasting a 4 per cent increase, demonstrated strong performance. Bengaluru continued its upward trajectory with a 3 per cent increase.
Meanwhile, cities such as Pune, Ahmedabad, and Delhi-NCR saw moderate growth of 2 per cent, showing the influence of their diversified economies and the presence of various industries.
The report further noted that roles in Hospitality and Travel experienced a remarkable surge in hiring by 8 per cent, indicating a robust rebound from stagnant growth last month. Roles in HR and Administration witnessed a notable increase of 7 per cent in February.
–IANS
shs/dan
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
