About 2 out of 3 hires in 2024 will be for hybrid roles
Positive trends in hiring, especially in sectors like Automotive, Manufacturing, and BFSI, indicate a dynamic recovery, according to a report by Taggd, India’s Digital Recruiting firm, which is revolutionizing talent acquisition with its industry leading solutions.
“The focus on diversity, upskilling, and the emergence of new roles powered by AI and generative technology further underscores India’s ability to reimagine and recover,” says Taggd founder and CEO Devashish Sharma.
“As we navigate the evolving job landscape, the report provides valuable insights for decision-makers and job seekers alike, fostering a future where talent thrives and industries flourish.”
Taggd recently launched its annual report India Decoding Jobs 2024 which sees 19% increase in hiring compared to the previous year. The report also projects an increase in the hiring of women (36% in 2024 compared to 33% in 2023) along with hiring for hybrid roles. About 2 out of 3 hires in 2024 will be for hybrid roles.
“In the face of global challenges, India happens to be a beacon of hope for the globe. Despite past uncertainties, the nation’s resilience shines through with over 6% annual GDP growth, making it the fastest-growing major economy,” Sharma said on 28 Dec 2023.
Overall Hiring Intent 19% increase in 2024 over 2023;
By sectors: Manufacturing 25%; Auto 20%; Internet 20%; Pharma 16%; IT 3%; Global In-house Centres (GIC) 20%; BFSI 25%.
The manufacturing and BFSI sectors lead the charge with a robust 25% hiring intent, indicating a strong focus on industrial expansion and talent acquisition in the financial domain.
In tandem, the automotive industry anticipates a 20% surge, reflecting expectations of heightened demand.
Noteworthy is the optimistic hiring intent in the Internet business and Global In-house Centres (GIC) sectors, both standing at a significant 20%, underlining the continued importance of technology and global operations.
The pharmaceutical industry also demonstrates solid intent at 16%, emphasizing sustained growth in the healthcare sector.
Conversely, the information technology (IT) sector takes a more measured approach with a 3% hiring intent, indicative of nuanced strategies amid evolving industry dynamics.
Sharma elaborated, “The preference for Hybrid roles will continue both by candidates as well as employers. Additionally, the survey underscores the pivotal role of the digital economy, with sectors like healthcare, fintech, and IT driving remarkable growth.
“These positive trends affirm our collective resilience and readiness to navigate the evolving landscape, fostering a workplace that thrives on innovation, diversity, and adaptability.”
Noteworthy is the projection of Maharashtra, Karnataka, Delhi, Bangalore, Hyderabad and Tamil Nadu as the top places with the most talent pool availability.
Emerging industries such as battery energy storage, green hydrogen, and biotechnology are poised for investment-led growth, creating opportunities for job seekers and foreign companies alike.
India Decoding Jobs 2024 is Taggd’s Annual Report which maps the job and talent landscape of India. The report includes qualitative and quantitative insights from 200+ leaders from major industry segments of the country and serves as a comprehensive guide for industry, and academia, alike.
Taggd combines data and human knowledge to provide businesses with ready-to-hire talent. Led by CEO Devashish Sharma, Taggd has over 15 years of experience, managing the recruitment process for 100,000 positions annually. Offering comprehensive solutions across 14 sectors, including technology, engineering, and automotive, Taggd delivers tangible business gains for clients. Fiinews.com
