The Indian job market continues to show positive hiring sentiments as the Naukri JobSpeak Index stood at 2878 which is only second to the peak in February 2022 when it crossed 3000. Since the start of this year, the country’s hiring activity has shown an upward growth trajectory. The latest Naukri JobSpeak Index observed a +22 per cent y-o-y growth in June’22 vs June’21.
Entry-level professionals in high demand
Freshers rejoice as the demand for entry-level talent continues to record the highest yearly growth (+30 per cent) last month. Additionally, growing hiring sentiment was observed for other experience brackets such as 4–7 years (+19 per cent), 8–12 years (+17 per cent), 13–16 years (+21 per cent), and over 16 years (+17 per cent) in June 2022 vs June 2021.
Hiring for entry-level professionals surged specifically in Mumbai (+93 per cent) amongst metros apart from Kochi (+105 per cent) amongst tier-2 cities.
Travel & hospitality sectors take the lead
Interestingly, the growth in hiring for freshers was led by travel and hospitality sector, with an astonishing 158 per cent growth. Amongst industries, travel and hospitality continues to show a maximum surge in hiring activity last month in comparison to the same period last month with 125 per cent growth.
Double-digit growth spread across most key centers
The demand in metros and non-metros continued to show an optimistic upward trend. Amongst metros, Mumbai continues to lead the race in three consecutive months at +43 per cent y-o-y growth. Other metros such as Kolkata (+29 per cent), Delhi (+29 per cent), Chennai (+21 per cent), Bangalore (+17 per cent), Pune (+15 per cent), and Hyderabad (+11 per cent) continue to show positive growth in June’22 vs last year.
Amongst the non-metros, Coimbatore showed the maximum y-o-y growth at +60 per cent in June’22. Other tier-II cities also witnessed a surge as Kochi (+51 per cent) and Jaipur (+19 per cent). The only centers that remained flat are Ahmedabad and Chandigarh.
Commenting on the findings of the report, Pawan Goyal, Chief Business Officer, Naukri.com, said, “With the Indian economy growing at a steady pace, the job market is also seeing a consistent uptick in hiring activity across key sectors and cities. This upward trend is a positive indication as a significant proportion of new job opportunities are being created for professionals across sectors and experience bands.”
The Naukri JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on Naukri.com website month on month and year on year. The objective of Naukri JobSpeak is to measure the hiring activity in various industries, cities, and experience levels.