Increase in hiring of freshers
The intent to have freshers on the payroll has witnessed a 6% increase in HY1 of 2024 as compared to the corresponding period in 2023 (68% vs 62%).
By Career Outlook Report by TearmLease
e-commerce and technology start-ups top the table of industries keen on inducting freshers into their workforce
The report notes hiring intent for all categoies of job seekers has risen marginally to 79.3%.
As per the report, the top three industries with the highest biring intent for freshers are
- e-commerce and technology start-ups (55%),
- engineering and infrastructure (53%), and
- telecommunications (50%).
The IT industry sees an overall decrease in the intent to hire freshers compared to Career Outlook Report for HY2 of 2023 (42% in HYl of 2024 vs 49% in HY2 of 2023).
Sectors like media and entertainment have seen a decrease of 3%,
while travel and hospitality with an increase of 4% (HYl of 2024 Vs HY2 of 2023).
Roles such as graphic designer, legal associate, chernical engineer and digital marketing executive are in high demand across industries for freshers
Top skills Natural language processing (NLP), mobile app development, Internet of Things (IoT), Robotic Process Automation (RPA) and metaverse were listed among the domain skílls in demand.
Among cities, Bengaluru leads the way with a hiring intent of 69%, followed by Mumbai at 58% and Chennai at 51%.
Delhi at 45% has seen an increase of 2% from HY2 of 2023.
the demand for newer talent currently stands at 68%, a marginal increase of 3% for HYI of 2024 over HY2 of 2023.
GenAI and jobs
The report emphasises the need for continuous learning and adaptability as freshers enter an era of continuous technological advancement powered by Generative AI.
Roles such as software developers, technical writers, egal as sistants, market research analysts, and graphic designers are expected to be transformed.
Freshers need to proactively up grade their skills and be open to working alongside Generative Al to remain relevant and harness its po tential, says the report
The survey covered 526 Small, mediun, and large Companies across 18 industries in India, covering metros, tier 1 and tier2.
In a release, Shantanu Rooj, founder and CEO, Tearnlease EdTech, said, "Employers played the conservative card for sometime now; hiring had slowed down amidst global turmoil.
However, our recent survey reveals employer confidence in India's growth story. Organisations are more confident about their future paths, which reflects in their high confidence to recruit fresh talent and Strengthen their talent pool
Neeti Sharna, co-founder and president of Team Lease EdTech, sad, "it is interesting to see industries like manufacturing. engineering and infrastructure, and construction and real estate prioritising apprenticeship to locate the most suitable talent. By proactively hiring degree apprentices, companies can systematically address persistent skill gaps, nurture specialised talent and strengthen their talent pipelines tailored to precise industry requirements."
