With the gradual reopening of the office doors, the job market witnessed year-on-year growth of 16% in March’22 versus last year. According to Naukri JobSpeak Index March’22, recruiters showed positive signs of hiring activity across sectors, cities and experience bandwidth.
The month of the financial year closing witnessed a sequential increment in hiring activity across all key sectors. Apart from Travel & Hospitality (82%), which has seen consistent growth since the travel restrictions have been relaxed, other key sectors that observed an uptick in hiring trends compared with last year are Education (+44%), Real Estate (+30%), Retail (+28%), BFSI (+22%), IT-Software (+14%), and FMCG (+5%).
However, Oil & Gas (-6%) recorded a slight decline in Mar’22 vs last year, while Healthcare remained flat.
The study revealed that among Tier-2 cities, Coimbatore (+29%) registered the highest growth in hiring activity, followed by Kochi (+12%). While there was a dip in Chandigarh (-9%), Vadodara and Jaipur remained flat in March’22 when compared with March’21.
Metro cities saw positive Y-O-Y growth in hiring activity in March’22 with Kolkata (+42%) leading the charts followed by Hyderabad (+27%), Mumbai (+25%), Chennai (+24%), and Pune (+23%).
However, Delhi, despite being the capital city saw a decline(-15%) in Mar’22 vs last year.
Amongst Tier-2 cities, Coimbatore (+29%) registered the highest growth in hiring activity, followed by Kochi (+12%). While there was a dip in Chandigarh (-9%), Vadodara and Jaipur remained flat in March’22 when compared with March’21.
Experience Bandwidth Outlook
Demand for professionals across all experience bands remains steady. Hiring activities across 0-3 years (+21%), 13-16 years (21%), 4-7 years (14%) and 8-12 years (+11%) also grew in March’22.
Commenting on the report, Pawan Goyal, Chief Business Officer, Naukri.com said “India is on the road to economic recovery with all key industries and cities showing signs of continued recovery. It is good to see that sectors that were worst hit by the pandemic such as Travel & Hospitality have now revived. We believe that with a growth trajectory like this, the upward trend in talent demand will continue its dream run in the coming months.”