SME Times is powered by   
Search News
Just in:   • Coal production from India's commercial mines jumps 16.4 pc in April-June quarter  • India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri  • India's industrial production registers 1.2 per cent growth in May  • Govt committed to building safe and smart energy future: Minister  • Sanchez defends Spain's defence budget in response to Trump's threats 
Last updated: 05 Jul, 2022  

Employee.9.Thmb.jpg Job mkt sees record 22% Y-o-Y growth in June'22: Report

Employee.9.jpg
   Top Stories
» India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri
» India's industrial production registers 1.2 per cent growth in May
» Govt committed to building safe and smart energy future: Minister
» QCOs benefit MSMEs by enhancing product quality, consumer satisfaction: Piyush Goyal
» Stock market opens higher as Trump indicates ‘great’ trade deal with India
IANS | 05 Jul, 2022
Hiring activity in India has shown an upward growth trajectory with a record 22 per cent year-on-year growth in June 2022 compared to last year, according to a report on Tuesday.

The report Naukri JobSpeak Index showed that demand for entry-level talent continues to record the highest yearly growth (+30 per cent) in June'22.

Demand for freshers surged specifically in Mumbai (+93 per cent) amongst metros apart from Kochi (+105 per cent) amongst tier-II cities.

Sectors leading hiring for freshers include travel and hospitality (+158 per cent), retail (+109 per cent), insurance (+101 per cent), accounting finance (+95 per cent), BFSI (+88 per cent), and education (+70 per cent).

Growth in hiring sentiment was also 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'22 v/s June'21.

Amongst industries, travel and hospitality continued to show maximum surge in hiring activity in June'22 v/s June'21 at +125 per cent. This was followed by retail (+75 per cent) and BFSI (+58 per cent).

Other key sectors that saw an uptick in YOY trends are insurance (+48 per cent), education (+47 per cent), real estate (+46 per cent), auto (+37 per cent), and oil and gas (+36 per cent) while telecom and pharma/biotech remained flat.

"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," said Pawan Goyal, Chief Business Officer, Naukri.com, in a statement.

Further, Mumbai continues to lead the race in three consecutive months at +43 per cent y-o-y growth, followed by 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).

In non-metros, Coimbatore showed the maximum y-o-y growth at +60 per cent in June'22, followed by Kochi (+51 per cent) and Jaipur (+19 per cent). The only centers that remained flat are Ahmedabad and Chandigarh.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter