Hiring In Indian Companies Down By 4% In March 2024: Report – News18

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Hiring In Indian Companies Down By 4% In March 2024: Report – News18


The share of IT software program within the gig economic system has practically doubled, leaping to 46 per cent in March 2024, from 22 per cent in March 2023. (Representative picture)

The report is predicated on an evaluation of match information from March 2023 to March 2024.

Hiring by Indian firms noticed a 4 per cent decline in March as in comparison with the identical month final 12 months, a report launched on Tuesday acknowledged.

However, sequentially, there was a slight uptick of three per cent, reflecting an optimistic enterprise sentiment, the report by foundit Insights Tracker (match) mentioned.

The report is predicated on an evaluation of match information from March 2023 to March 2024.

The report revealed that white-collar gig jobs, or freelance work, noticed an 184 per cent improve in comparison with the earlier 12 months.

This suggests professionals’ rising choice for versatile, venture-primarily based work preparations, it famous.

Additionally, it acknowledged that gig staff, representing a significant workforce phase, have expanded 21 per cent over the identical interval, highlighting firms’ rising reliance on freelancers and unbiased contractors to fulfill enterprise wants.

The IT sector is on the forefront of this gig increase, as per the report.

The share of IT software program within the gig economic system has practically doubled, leaping to 46 per cent in March 2024, from 22 per cent in March 2023, it added.

“Through our tracker, we have noticed that the metro cities of Delhi, Bengaluru, and Mumbai are paving the way for gig jobs as of now,” CEO of foundit (beforehand Monster APAC and ME), a Quess firm, Sekhar Garisa, mentioned.

(This story has not been edited by News18 workers and is printed from a syndicated information company feed – PTI)



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