Hyderabad on top in hiring activity

Hyderabad: The hiring activity in Hyderabad has witnessed the highest growth in the last one year with not just IT but many other sectors including pharma, real estate, banking and finance sectors witnessing high growth rate. According to a recent study by a job portal, the State’s capital has witnessed 27 percent uptick in hiring […]

Hyderabad: The hiring activity in Hyderabad has witnessed the highest growth in the last one year with not just IT but many other sectors including pharma, real estate, banking and finance sectors witnessing high growth rate.

According to a recent study by a job portal, the State’s capital has witnessed 27 percent uptick in hiring and stands second in the hiring activity segment. Naukri JobSpeak Index for Hyderabad in March 2022 stood at 4,118, thus clocking in a 27 per cent growth when compared with 3,235 in March 2021. Kolkata was leading the charts in year-on-year growth with 42 per cent growth while cities such as Mumbai, Chennai and Pune came third, fourth and fifth respectively. Bengaluru saw a growth rate of 19 per cent and Delhi saw a decline of (-15 per cent) in the hiring index in March 2022.

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In terms of hiring trends across experience levels, the index said that the demand remained steady in March 2022 with less than 16 years’ experience bracket witnessing the highest growth of 23 per cent vs last year. The hiring activities across 0-3 years stood at 21 per cent, 13-16 years at 21 per cent, 4-7 years at 14 per cent and 8-12 years at 11 per cent growth in March 2022.

The pan-India index stood at 2832 at the end of the financial year reflecting on the steady growth of hiring activity in India. As businesses gradually inch towards the pre-pandemic normal, recruiters continue to demonstrate a positive hiring intent across key sectors, cities, and experience bands witnessed by year-on-year growth of 16 per cent in March’22 versus last year.

The month of financial year closing witnessed a sequential increment in hiring activity across all key sectors. Apart from travel and hospitality (82 per cent), that has seen consistent growth since the travel restrictions have been relaxed, other key sectors that observed an uptick in hiring trends compared with last year are education (44 per cent), real estate (30 per cent), retail (28 per cent), BFSI (22 per cent), IT-Software (14 per cent), and FMCG (5 per cent).

Naukri.com chief business officer Pawan Goyal said, “India is on the road to economic recovery with all key industries and cities showing signs of continued recovery. It is good to see that sectors that were worst hit by the pandemic such as travel and hospitality have now revived. We believe that with a growth trajectory like this, the upward trend in talent demand will continue its dream run in the coming months.”

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