Engineering, Cement, Construction, Iron/Steel registered significant growth in all metros
Ahmedabad in Gujarat has emerged as the city with the most active hiring activity in India as per the Foundit tracker report. Foundit Insights Tracker (FIT) is a comprehensive monthly analysis of online job posting activity on recruiting platforms.
Ahmedabad registered a growth of 16% on a year-on-year basis and the demand was mainly driven by advertising, MR & PR and BFSI industry. While Chandigarh saw an increase of 6% in placements in Jan'23 after a long time. Mumbai (+7%) continued to register strong growth among metros, while Delhi-NCR (+4%) registered a positive trend after a decline in the previous quarter.
Meanwhile, Kolkata (-25%), Bangalore (-13%), Baroda (-7%), Hyderabad (-7%), Chennai (-9%), Kochi (-6%), Pune (-3%) ), Jaipur (-2%) and Coimbatore (-2%) witnessed the most restricted recruitment activity and continued to weigh down the index registering negative annual growth in Jan'23.
E-recruitment activity in 4 of the 13 cities monitored by FIT exceeded the year-ago level.
Engineering, cement, construction, iron/steel registered significant growth in all the metros. Among functions, HR and Admin roles charted higher demand in Jan'22 as compared to Jan'23.
Demand for jobs in production and manufacturing declined by 8 percent, while those in healthcare (7 percent), IT hardware and software (7 percent), telecommunications (5 percent) and banking, financial services and insurance (3 percent) declined. There has been a decline. , for January 2023 according to Foundit (formerly Monster) Insights Tracker (FIT).
While IT is facing sluggishness due to improvement in global macro conditions and last year's hiring, production hiring has been impacted due to cost pressures and increase in input prices.
The report said that the BFSI (banking, financial, services and insurance) sector, which had consistently seen positive recruitment numbers, registered a marginal decline of 1 per cent year-on-year.
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