The manufacturing sector leads the hiring trend, with an increase of 25% in hiring intent, underscoring a positive outlook for industrial expansion.
Second, the automotive industry is set to witness a 20% surge in hiring intent. Other than that, the internet business and global in-house center’s (GIC) sectors will likely see an increase of 20% in hiring.
However, the IT sector will continue to go through a slump as the report suggests that the sector has a more conservative hiring intent growth at 3%.
Is hybrid mode of work going to end?
The report stated that work from office only is expected to register a decline to 33%, while the remote work component remains steady at 7%.
In fact, 60% of the surveyed companies are looking to hire in flexible work arrangements, which indicates a continued embracing of flexible work arrangements.
The report also mentions the top 5 states with majority of talent pool availability:
- Maharashtra
- Karnataka
- Delhi
- Telangana
- Tamil Nadu
Indian job market 2024: A preview
“The Indian job market leading up to 2024 is a tale of resilience, adaptability, and growth,” the report states.
In this dynamic era, success depends on a ” a commitment to skills development and an unwavering willingness to embrace change”.
The year 2024 is thus poised to mark a significant turning point where investments in artificial intelligence and data combine to fuel the skilling ecosystem as well as the future of work.
