{"id":41828,"date":"2024-09-13T16:15:49","date_gmt":"2024-09-13T10:45:49","guid":{"rendered":"https:\/\/www.foundit.in\/career-advice\/?p=41828"},"modified":"2024-09-18T16:31:58","modified_gmt":"2024-09-18T11:01:58","slug":"foundit-insights-tracker-aug-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.in\/career-advice\/foundit-insights-tracker-aug-2024\/","title":{"rendered":"August 2024 Hiring Trends with the foundit Insights Tracker: IT and Real Estate Lead the Charge\u00a0"},"content":{"rendered":"\n<p>The August 2024 edition of the foundit Insights Tracker provides an in-depth analysis of hiring trends in India, showcasing a period of consistent growth. Key sectors such as IT and Real Estate continue to drive job creation, despite some month-on-month fluctuations.&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\/2024\/09\/FIT-India-August-24.pdf\" target=\"_blank\" rel=\"noopener\">Download Aug 2024 fit Report (India) PDF<\/a>\n<\/div>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2024\/09\/Insights-Tracker-August_PDF-compressed.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of Insights-Tracker-August_PDF-compressed.\"><\/object><a id=\"wp-block-file--media-1dedcccf-a687-433a-b3cf-32f1b01cd8e9\" href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2024\/09\/Insights-Tracker-August_PDF-compressed.pdf\">Insights-Tracker-August_PDF-compressed<\/a><a href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2024\/09\/Insights-Tracker-August_PDF-compressed.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-1dedcccf-a687-433a-b3cf-32f1b01cd8e9\">Download<\/a><\/div>\n\n\n\n<p><strong>Positive Hiring Outlook<\/strong>&nbsp;<\/p>\n\n\n\n<p>In August 2024, India\u2019s e-recruitment activity demonstrated strong resilience with a 15% year-on-year increase. Although there was a marginal 1% month-on-month decline, the overall hiring landscape remains robust, with a cumulative growth of 8% over the past six months.&nbsp;<\/p>\n\n\n\n<p>This steady progress indicates continued economic recovery and a vibrant job market, bolstered by technology-led industries and urban development.&nbsp;<\/p>\n\n\n\n<p><strong>Industry Hiring Trends<\/strong>&nbsp;<\/p>\n\n\n\n<p>August saw significant hiring growth across several industries, reinforcing the positive trend in the job market.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IT &#8211; <\/strong><a href=\"https:\/\/www.foundit.in\/search\/software-services-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Software &amp; Services<\/strong><\/a> led the hiring surge with a 23% year-on-year growth, driven by digital transformation and increased reliance on technology across sectors. The month-on-month increase of 4% further underscores the sustained demand for IT professionals.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/real-estate-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Real Estate<\/strong><\/a> recorded a 32% year-on-year increase, reflecting strong market demand despite a slight 1% month-on-month decline.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/construction-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Construction<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.foundit.in\/search\/engineering-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Engineering<\/strong><\/a> also saw robust growth, with a 31% year-on-year rise and a 2% month-on-month increase, driven by infrastructure projects and urban development.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Other key industries include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/health-care-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Healthcare<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.foundit.in\/search\/pharmaceutical-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Pharmaceuticals<\/strong><\/a>: +25% YoY, sustained by ongoing demand for healthcare services.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/retail-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Retail<\/strong><\/a>: +23% YoY, reflecting consumer demand and expansion in the retail landscape.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>These industries highlight the ongoing transformation across sectors, with technology, infrastructure, and healthcare emerging as key areas of growth.&nbsp;<\/p>\n\n\n\n<p><strong>Functional Hiring Trends<\/strong>&nbsp;<\/p>\n\n\n\n<p>The report also outlines trends in functional roles, with IT continuing to lead the charge.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IT roles<\/strong> saw a 9% year-on-year increase, supported by rising demand for digital expertise and technological solutions. Software development remains a critical area, accounting for 46% of IT hiring.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/marketing-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Marketing<\/strong><\/a><strong> &amp; Communications<\/strong>: Despite a slight 2% month-on-month dip, this function registered a 22% year-on-year increase, driven by the growing need for digital marketing and performance analytics expertise.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>On the other hand, <strong>Sales &amp; Business Development<\/strong> experienced a 10% year-on-year decline, reflecting the rise of automation and digital platforms reducing the demand for traditional sales roles.&nbsp;<\/p>\n\n\n\n<p><strong>City-wise Hiring Trends<\/strong>&nbsp;<\/p>\n\n\n\n<p>Geographically, hiring trends varied across regions, with Tier-2 cities emerging as significant growth hubs.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/jobs-in-coimbatore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Coimbatore<\/strong><\/a> saw a 33% year-on-year hiring increase, establishing itself as a rising tech hub alongside established metro cities.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/jobs-in-bengaluru-bangalore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Bengaluru<\/strong><\/a> recorded a 27% year-on-year growth, while other cities like <a href=\"https:\/\/www.foundit.in\/search\/jobs-in-delhi-ncr\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Delhi-NCR<\/strong><\/a> (+20% YoY) and <a href=\"https:\/\/www.foundit.in\/search\/jobs-in-kolkata\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Kolkata<\/strong><\/a> (+10% YoY) also demonstrated strong hiring activity.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/jobs-in-chennai\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Chennai<\/strong><\/a> and <a href=\"https:\/\/www.foundit.in\/search\/jobs-in-hyderabad-secunderabad-telangana\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Hyderabad<\/strong><\/a> were standout locations for Construction &amp; Engineering roles, with growth rates of 11% and 5% month-on-month, respectively.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Experience Level Trends<\/strong>&nbsp;<\/p>\n\n\n\n<p>The demand for professionals also varied across experience levels:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Entry-level roles (0-3 years)<\/strong> saw a 4% year-on-year growth, indicating a healthy demand for fresh talent.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Senior roles (16+ years)<\/strong> experienced a 4% increase in hiring, while mid-senior level roles (7-10 years) showed an 8% growth.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Conversely, <strong>senior-level roles (11-15 years)<\/strong> saw a 1% decline, signalling potential shifts in organisational hierarchies or evolving demands for specific skill sets.&nbsp;<\/p>\n\n\n\n<p><strong>About the foundit Insights Tracker<\/strong>&nbsp;<\/p>\n\n\n\n<p>The foundit Insights Tracker (fit), formerly known as the Monster Employment Index, continues to be a comprehensive monthly report on hiring trends in India. It provides a detailed analysis of recruitment activities across various sectors, offering valuable insights into the evolving job market.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The August 2024 edition of the foundit Insights Tracker provides an in-depth analysis of hiring trends in India, showcasing a period of consistent growth. Key sectors such as IT and Real Estate continue to drive job creation, despite some month-on-month fluctuations.&nbsp; Download Aug 2024 fit Report (India) PDF Positive Hiring Outlook&nbsp; In August 2024, India\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41951,"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-41828","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\/41828","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=41828"}],"version-history":[{"count":3,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/posts\/41828\/revisions"}],"predecessor-version":[{"id":41843,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/posts\/41828\/revisions\/41843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/media\/41951"}],"wp:attachment":[{"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/media?parent=41828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/categories?post=41828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/tags?post=41828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}