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India Observes 41% Growth in Hiring in January Despite Omicron

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The hiring sentiment in India reflected a resilience to the Covid third wave as the hiring activity saw a healthy 41 percent (on-year) growth in January, a report showed on Tuesday.

The upswing of hiring activity was observed in multiple sectors, with IT-software, retail, and telecom leading the charts, according to the Naukri JobSpeak index.

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“While we saw spurts of growth during the year 2021, the first month of this year has kicked off with a bang as industries across India are gearing up for growth and getting past the previous year,” said Pawan Goyal, Chief Business Officer, Naukri.com.

Other sectors that observed an uptick in hiring trend compared with last year are pharma (29 percent), medical/healthcare (10 percent), oil and gas/power (8 percent), insurance (8 percent), FMCG (7 percent), and manufacturing (2 percent).

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Bengaluru (+79 percent), Hyderabad (+66 percent), and Pune (+63 percent) recorded the highest growth in January.

Among the non-metros, Ahmedabad (+50 percent) witnessed the highest growth in January, followed by Coimbatore (+43 percent), Kochi (+27 percent), Vadodara (+12 percent), and Jaipur (+8 percent).

Hiring across all experience bands was positive in January 2022 when compared with January, with demand for senior professionals belonging to the 8-12 yrs (+48 percent) experience bracket receiving maximum traction.

Other metro cities like Mumbai (+58 percent), Chennai (+54 percent), Kolkata (41 percent), and Delhi/NCR (+35 percent) also witnessed a spike in the hiring trajectory.

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