{"id":43757,"date":"2024-11-25T16:55:00","date_gmt":"2024-11-25T11:25:00","guid":{"rendered":"https:\/\/www.foundit.in\/career-advice\/?p=43757"},"modified":"2025-09-29T12:39:15","modified_gmt":"2025-09-29T07:09:15","slug":"foundit-insights-tracker-oct-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.in\/career-advice\/foundit-insights-tracker-oct-2024\/","title":{"rendered":"October 2024 Hiring Trends: Specialised Salaried Roles Attract Highest Paychecks, Even as Jobs Grow 22% YoY\u00a0"},"content":{"rendered":"\n<p>The October 2024 edition of the foundit Insights Tracker (fit) showcases steady growth in India\u2019s hiring market, with specialised salaried roles playing a pivotal role in driving recruitment activity. As economic trends stabilise, employers are shifting focus towards expertise-driven hiring, particularly in industries like IT, BFSI, and Healthcare.&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\/11\/Insights-Tracker-October.pdf\" target=\"_blank\" rel=\"noopener\">Download Oct 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\/11\/Insights-Tracker-October.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of Insights-Tracker-October.\"><\/object><a id=\"wp-block-file--media-e4e6f01b-3db1-4902-b268-213656e14ebd\" href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2024\/11\/Insights-Tracker-October.pdf\">Insights-Tracker-October<\/a><a href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2024\/11\/Insights-Tracker-October.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-e4e6f01b-3db1-4902-b268-213656e14ebd\">Download<\/a><\/div>\n\n\n\n<p><strong>Sustained Momentum Amid Seasonal Adjustments<\/strong>&nbsp;<\/p>\n\n\n\n<p>Hiring activity recorded a robust <strong>22% year-on-year (YoY) growth<\/strong>, reflecting continued confidence among employers. However, <strong>month-on-month (MoM) hiring dipped by 5%<\/strong>, owing to seasonal factors post-festive peaks.&nbsp;<\/p>\n\n\n\n<p>Geographically, Tier-2 cities maintained their prominence, led by <a href=\"https:\/\/www.foundit.in\/search\/jobs-in-coimbatore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Coimbatore<\/strong><\/a>, which posted a <strong>65% YoY growth<\/strong> and an <strong>8% MoM increase<\/strong>. Conversely, metros like Bengaluru and Delhi-NCR experienced slight declines in month-on-month hiring but continued to contribute significantly to annual growth.&nbsp;<\/p>\n\n\n\n<p><strong>Sector-Specific Hiring Trends<\/strong>&nbsp;<\/p>\n\n\n\n<p>Hiring across sectors showed varied trends, with several industries standing out:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/healthcare-jobs-in-india\" 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>: Led the charge with a <strong>39% YoY growth<\/strong>, driven by demand for medical professionals and health innovations.&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>: Continued to thrive with <strong>38% YoY growth<\/strong>, supported by urbanisation and government housing initiatives.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/software-jobs-in-india\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>IT \u2013 Software<\/strong><\/a><strong> &amp; Services<\/strong>: Demonstrated <strong>32% YoY growth<\/strong>, underscoring the increasing demand for tech expertise in digital transformation.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Consumer Electronics<\/strong>: Benefitted from festive demand, recording a <strong>37% YoY and 5% MoM growth<\/strong>, reflecting heightened consumer spending.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Functional Area Hiring Highlights<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/medical-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Medical<\/strong><\/a><strong> Roles<\/strong>: Topped the functional areas with a staggering <strong>35% YoY growth<\/strong>, highlighting the healthcare sector\u2019s focus on expertise.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/hr-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>HR<\/strong><\/a><strong> &amp; Admin<\/strong>: Witnessed a <strong>5% MoM increase<\/strong>, driven by organisational efforts to enhance employee engagement and retention.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Procurement &amp; <\/strong><a href=\"https:\/\/www.foundit.in\/search\/supply-chain-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Supply Chain<\/strong><\/a>: Registered <strong>8% MoM growth<\/strong>, attributed to festive logistics requirements.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Senior Management Roles<\/strong>: Recorded <strong>30% YoY growth<\/strong>, reflecting the strategic emphasis on leadership hiring.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Experience-Level Trends<\/strong>&nbsp;<\/p>\n\n\n\n<p>Entry- and mid-level roles dominated hiring demand:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>0\u20133 years<\/strong>: Experienced <strong>13% YoY growth<\/strong>, affirming the need for fresh talent.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4\u20136 years<\/strong>: Registered a <strong>12% YoY increase<\/strong>, marking the demand for early-career professionals with proven skills.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>7\u201310 years<\/strong>: Saw an <strong>11% YoY growth<\/strong>, highlighting the need for mid-senior professionals.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Senior roles above 16 years of experience recorded a <strong>3% decline<\/strong>, likely reflecting cost optimisation efforts by employers.&nbsp;<\/p>\n\n\n\n<p><strong>Salary Trends: Specialised Roles Outperform<\/strong>&nbsp;<\/p>\n\n\n\n<p>Salary growth remained strong for specialised roles:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.in\/search\/information-technology-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>IT<\/strong><\/a><strong> &amp; ITeS<\/strong>: Artificial Intelligence professionals command top pay, with senior roles reaching <strong>\u20b976.4 LPA<\/strong>.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Healthcare<\/strong>: Senior medical professionals earn up to <strong>\u20b950 LPA<\/strong>, underlining the value of niche expertise.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BFSI<\/strong>: Venture Capital &amp; Private Equity roles lead with salaries reaching <strong>\u20b947.5 LPA<\/strong> for senior professionals.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Conversely, traditional sectors like <strong>Textiles<\/strong> and <strong>General Manufacturing<\/strong> showed slower salary progression, indicating a shift towards innovation-driven hiring.&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 the Monster Employment Index, provides monthly insights into recruitment activity across industries, functions, locations, and experience levels. This comprehensive report helps businesses and job seekers understand hiring trends and salary benchmarks in a rapidly evolving market.&nbsp;<\/p>\n\n\n\n<p>For more information, reach out to <a href=\"mailto:pr@foundit.ai\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>pr@foundit.ai<\/strong><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The October 2024 edition of the foundit Insights Tracker (fit) showcases steady growth in India\u2019s hiring market, with specialised salaried roles playing a pivotal role in driving recruitment activity. As economic trends stabilise, employers are shifting focus towards expertise-driven hiring, particularly in industries like IT, BFSI, and Healthcare.&nbsp; Download Oct 2024 fit Report (India) PDF [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43775,"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-43757","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\/43757","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=43757"}],"version-history":[{"count":5,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/posts\/43757\/revisions"}],"predecessor-version":[{"id":43781,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/posts\/43757\/revisions\/43781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/media\/43775"}],"wp:attachment":[{"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/media?parent=43757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/categories?post=43757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.in\/career-advice\/wp-json\/wp\/v2\/tags?post=43757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}