The Indian economy is focused on gradual a GDP growth path. One can witness the growing tendency of hiring candidates at a steady pace through 2023. After the pandemic, the job market is growing consistently across industrial sectors and cities. 2022 witnessed the job market rebound, exhibiting an optimistic ray of light for future growth. Developing the best talent pool and employee retention strategies has made a difference. The employment outlook for 2023 reflects a high employee turnover rate. It has happened despite the uncertainty of the pandemic. Read on and recognize the stats to understand better.
Industrial overview and hiring trends
The range of industries in India is extensive and one can find a versatile approach for hiring across the dynamic industrial market. Industrial sectors such as oil and gas, real estate, pharmaceutical and banking, financial services, and insurance have become the top contributors to the job growth index. Simply put, the scope to expand a career in these industrial domains has amplified the economic impact. Automobile, Travel, and Hospitality industries are also the top grosser that will continue to push forward the hiring trend. The exponential growth of data-science-based job profiles has shaped the future of the IT industry. One can stay assured of witnessing more AI-dependent jobs and vacancies in the upcoming months.
Hiring trends across the country – A generic overview
The hiring trends vary in multiple cities of the country. The statistics of June 2023 have reflected the evolving hiring preferences. The white-collar jobs in the technology sector across metro cities have reduced, which was earlier the highest-grossing sector. The diversification of white-collar jobs in the non-metro cities of India has developed efficiently. Surprisingly, Ahmadabad has emerged as the top job-giver in the list of hiring trends, with a whopping 23% growth compared to June-2022. In contrast, the hiring activity reduced across the large IT-driven metro cities, with Mumbai being the exception.
Hiring trends for experienced candidates
There is always an advantage for experienced job seekers. Candidates with an overall experience of more than ten years always get the best job offers. It has been a conventional choice across various industries. The skill set of experienced professionals has made them the winner in the job market.
Executive Search – Bringing diverse solutions
Executive Search is a reputable boutique search firm founded by Mr. Subhash Arora. Executive Search offers more than one service and helps you establish a career, ensuring success. The company was established in 1995, and the client-centric approach has helped the company grow. The various offerings include – manpower planning, permanent staffing, leadership hiring, volume hiring, competency mapping, and many more. The recruitment-resolving firm has become the one-stop solution for Fortune 500 companies, with an extensive talent pool. Executive Search offers a comprehensive solution with a proactive approach, focusing on the intricacies of the operational pattern in an organization. The headhunting expertise of the proficient service team of Executive Search has helped companies withstand the competitive market pressure and find the best candidate from the extensive talent pool.
