The Indian job market is showing signs of recovery and optimism to hire, especially for fresh graduates.
According to the recently released “Career Outlook Report HY2 (July – December 2024)” by TeamLease EdTech, a significant 72% of employers intend to hire freshers in the coming months.
Gradual Improvement in Hire Intent
Positive Signal: The 72% hiring intent represents a 4% increase from the previous half-year and a substantial 7% rise compared to the same period in 2023. This upward trend indicates growing confidence among employers in recruiting first-time job seekers.
Industry Preferences: E-commerce & Technology Start-ups, Engineering & Infrastructure, and Retail emerge as the top three sectors showing intent to hire freshers. These industries recognize the value of young talent and their potential contributions.
“The increase in hiring intent for freshers is an encouraging sign. It reflects growing confidence among employers and presents valuable opportunities for fresh talent entering the workforce,” said Shantanu Rooj, Founder and CEO of TeamLease EdTech.
“Aligning educational programs with industry requirements is crucial.The job market is evolving rapidly, with technology and digital skills taking center stage. We’re seeing a clear demand for roles that blend technical expertise with creative problem-solving.” added Shantanu.
He said, “The real game-changer is the growing recognition of the need for stronger industry-academia partnerships. The steady demand for degree apprenticeships further underscores this shift towards practical, hands-on learning.”
“It’s an exciting time for both freshers and employers as we bridge the gap between education and industry requirements,” Shantanu said.
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Geographical Insights & In-Demand Roles
Bangalore Leads: Bangalore takes the lead, with 74% of employers intending to hire freshers. The city’s robust tech ecosystem and vibrant startup culture contribute to this positive outlook.
Mumbai and Chennai: Mumbai follows closely at 60%, while Chennai stands at 54%. These cities continue to attract fresh talent due to their diverse job opportunities and thriving business environments.
Full Stack Developers: Companies seek versatile professionals who can handle both front-end and back-end development. Full Stack Developers remain highly sought after.
SEO Executives: With digital presence becoming critical, SEO experts are essential for optimizing online visibility and driving organic traffic.
Digital Sales Associates: As businesses expand their online reach, skilled sales professionals who understand digital channels are in demand.
UI/UX Designers: User experience and interface design play a crucial role in product success. Employers value designers who can create intuitive and visually appealing interfaces.
Hire 2024: Skills in Focus
Cybersecurity: With increasing cyber threats, companies prioritize candidates with knowledge of securing digital assets.
Cloud Computing: Cloud services are integral to modern business operations. Freshers with cloud expertise are highly valued.
Data Analytics: Data-driven decision-making is the norm. Proficiency in data analysis tools and techniques is a significant advantage.
Search Engine Optimization (SEO): As businesses compete for online visibility, SEO skills are essential for digital marketing success.
Enhancing Curriculum: Employers emphasize experiential learning and practical exposure. Collaborating with academia ensures that students acquire relevant skills.
Partnerships for Alignment: Industry-academia partnerships bridge the gap between theoretical education and industry requirements. These collaborations foster innovation and address skill gaps.
Stable Demand: Degree apprenticeships continue to be relevant. Manufacturing leads with 25% of employers planning to hire apprentices, followed by Engineering & Infrastructure and Construction & Real Estate.
Jaideep Kewalramani, Head of Employability Business and COO, TeamLease Edtech, shared, “The 7% rise compared to the Jul-Dec, 2023 in fresher hiring intent, coupled with growing demand across diverse sectors, signals a robust job market recovery.”
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Jaideep added, “For graduates, this means focusing on in-demand digital skills and embracing varied learning experiences can significantly boost their career prospects in this evolving landscape”.
Conclusion
The positive hiring trend bodes well for fresh graduates.
As the economy rebounds, employers recognize the value of investing in young talent. By aligning academic training with industry needs and fostering collaboration, India can continue to build a skilled workforce that drives economic growth.
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