Senior professionals with over 16 years of expertise witnessed most optimistic momentum in job affords.
Healthcare, Hospitality and FMCG are the foremost sectors that witnessed yr-on-yr job development in January 2024 in an in any other case cautious market.
Naukri JobConverse Index, which measures white-collar hiring in India, stood at 2455 in January 2024, registering a rise of 1% over the previous month and about 11% decrease than final yr.
Healthcare, Hospitality and FMCG are the foremost sectors that witnessed yr-on-yr (YoY) job development in January 2024 in an in any other case cautious market.
Senior professionals and premium job seekers had been within the highest demand. New jobs in AI elevated by 12% in January 2024 vs final yr.
Full-stack AI scientists in heavy demand
Hiring for area of interest AI-related roles corresponding to Machine Learning Engineer and Full Stack AI Scientist jumped YoY, by a staggering 46% and 23%, respectively.
Conventional AI roles corresponding to Data Scientist had been additionally in good demand. This is in distinction to a modest 1% development in general IT jobs in January 2024 in comparison with the previous month.
On a YoY foundation, the general hiring within the IT sector is nineteen% decrease than the increase instances of January 2023.
Healthcare, Hospitality and FMCG sectors in prime gear
Hiring within the Healthcare sector elevated by 7% YoY in January 2024 with a most improve in demand for administrative roles. Hiring within the journey and hospitality sector recorded a development of 5% YoY.
With the continuing increase in home and worldwide tourism, demand for Restaurant Managers and Service Managers remained elevated. Hiring on this sector was notably excessive within the cities of Bangalore and Mumbai.
New job affords within the FMCG witnessed a rise of 5% in January this yr as in comparison with the identical month of 2023. An uptick in demand in rural areas, aided by a advertising and marketing push by FMCG gamers, led to optimistic momentum within the hiring developments within the sector.
Some job roles that witnessed the best demand within the FMCG sector included Assembly Line Operator, Factory Head, Production Engineer and Production Manager. Kolkata and Pune topped the cities that provided new jobs within the sector in January 2024.
The main sectors that witnessed degrowth in hiring included BPO and Insurance, which noticed a decline of 16% and eight% respectively. Further, the Education and Retail sectors noticed YoY contraction of seven% every.
Senior professionals, increased salaries make a splash
Senior professionals with over 16 years of expertise witnessed most optimistic momentum in job affords. The hiring for this expertise phase went up by a staggering 19% within the newest month as in comparison with the corresponding month final yr.
New job affords for professionals falling within the expertise class of 13-16 years went up by virtually 2%. However, for professionals falling within the expertise classes of 8-12 years, 4-7 years and for freshers, the brand new jobs created had been decrease by 18%, 7% and 10%, respectively, in comparison with January 2023.
At the identical time, job affords within the wage vary of greater than 20 lakhs every year went up by 18%. New jobs within the wage vary of 13-20 lakhs every year noticed a marginal contraction of 1%, whereas new job openings in salaries lower than 12 lakhs witnessed degrowth.
Pawan Goyal, CBO, Naukri.com, mentioned, “The significant rise in AI-related jobs is indicative of the changing skill requirements in the IT sector, while the positive hiring sentiment in Healthcare, Hospitality and FMCG reflect a strong domestic economy.”
