{"id":21284,"date":"2023-10-06T13:54:47","date_gmt":"2023-10-06T08:24:47","guid":{"rendered":"https:\/\/www.foundit.in\/career-advice\/?p=21284"},"modified":"2024-09-25T16:47:02","modified_gmt":"2024-09-25T11:17:02","slug":"foundit-insights-tracker-sep-2023","status":"publish","type":"post","link":"https:\/\/www.foundit.in\/career-advice\/foundit-insights-tracker-sep-2023\/","title":{"rendered":"September 2023 Hiring Trends in India : A Deep Dive with foundit Insights Tracker\u00a0"},"content":{"rendered":"\n<p>September 2023 has been a month of mixed signals for India&#8217;s job market. The foundit Insights tracker recorded a 8% YoY decline and 2% dip in monthly hiring activity. While this suggests a slowdown, the focus is shifting towards upskilling and reskilling, particularly due to the rise of AI.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The fit also revealed some interesting sector and function-specific trends. Let&#8217;s delve into the data and find out what&#8217;s happening in the Indian job market.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Sector-Specific Analysis<\/strong>&nbsp;<\/h2>\n\n\n\n<p><strong>In demand: <\/strong>With the upcoming festive season, hiring in retail has experienced a spike, with a +9% rise MoM.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Likewise, increased consumer spending has also led to an <strong>11% MoM rise in hiring in the home appliances sector.<\/strong>&nbsp;&nbsp;<\/p>\n\n\n\n<p>Both MoM and YoY data indicate an uptick in hiring in Automotive\/Ancillaries\/Tyres. This is largely due to the growing demand for electric vehicle-related skills and digital customer experience strategies.&nbsp;<\/p>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vTDOucFDnyTwLybYBnYYid3LySWsRAL2CV9dJiEVAe5tbFeclH-RK30mya6aYmltQ\/embed?start=false&#038;loop=false&#038;delayms=3000\" frameborder=\"0\" width=\"640\" height=\"389\" allowfullscreen=\"true\" mozallowfullscreen=\"true\" webkitallowfullscreen=\"true\"><\/iframe>\n\n\n\n<p><strong>Function-Specific Analysis<\/strong>&nbsp;<\/p>\n\n\n\n<p><strong>In demand: <\/strong>Legal (+21% MoM) sector saw a rise in demand, driven by the growing relevance of alternative legal service providers.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Marketing &amp; Communications (+6%) saw increased demand, spurred by an increasing demand for <strong><a href=\"https:\/\/www.foundit.in\/search\/digital-marketing-jobs\" target=\"_blank\" rel=\"noopener\" title=\"digital marketing\">digital marketing<\/a><\/strong> skills.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Holding Steady: <\/strong>Purchase\/ Logistics\/ <strong><a href=\"https:\/\/www.foundit.in\/search\/supply-chain-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Supply Chain\">Supply Chain<\/a><\/strong>, Arts\/ Creative, Engineering\/ Production: All these functions saw moderate MoM growth, ranging from +1% to +2%.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Workplace Trends<\/strong>&nbsp;<\/h2>\n\n\n\n<p><strong>Despite an indication of an employer-centric market, data reveals a strong preference among employees for more flexible working conditions.&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>Overall, 21% of job opportunities offer a hybrid work model, and only 12% are designated for full-time remote work.&nbsp;&nbsp;<\/p>\n\n\n\n<p>However, 49% of job seekers want hybrid work roles, while 28% want fully remote positions. This gap highlights the strong need for more flexible work arrangements.&nbsp;<\/p>\n\n\n\n<p><strong>When it comes to offering remote and hybrid job roles, the IT industry dominates the market, with a 47% share.&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>The Recruitment, Staffing, and RPO holds a 21% share, indicating the industry&#8217;s adaptability to flexible work models.&nbsp;<\/p>\n\n\n\n<p>September 2023 portrays a complex picture for India\u2019s job market. While overall hiring is down, certain sectors and roles are thriving.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The increasing importance of flexible work arrangements and the need for upskilling are trends that can&#8217;t be ignored. For more details, check out the complete Foundit Insights Tracker report for September 2023.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About the foundit Insights Tracker<\/strong>&nbsp;<\/h2>\n\n\n\n<p>The foundit Insights Tracker (fit), previously known as the Monster Employment Index, is foundit&#8217;s authoritative monthly report on hiring trends in India. It analyses millions of jobs to provide a panoramic view of recruitment activity of job market in India and delves into the hiring trends in different sectors.&nbsp;<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<a style=\"display: inline-block;background-color: #7900c6;color: #fff;text-align: center;padding: 10px 20px;text-decoration: none;font-size: 18px;border-radius: 4px;font-weight: bold;\" href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2023\/10\/fit_INDIA_-Sep23.ppt.pdf\" target=\"_blank\" rel=\"noopener\">Download Sep 2023 fit Report (India) PDF<\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>September 2023 has been a month of mixed signals for India&#8217;s job market. The foundit Insights tracker recorded a 8% YoY decline and 2% dip in monthly hiring activity. While this suggests a slowdown, the focus is shifting towards upskilling and reskilling, particularly due to the rise of AI.&nbsp;&nbsp; The fit also revealed some interesting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-21284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-insights-tracker"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/posts\/21284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/comments?post=21284"}],"version-history":[{"count":6,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/posts\/21284\/revisions"}],"predecessor-version":[{"id":22091,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/posts\/21284\/revisions\/22091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/media\/42170"}],"wp:attachment":[{"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/media?parent=21284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/categories?post=21284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/tags?post=21284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}