According to the recent Foundit report on fresher hiring trends, the IT and recruitment/staffing industries have the highest share of job postings for freshers with over 32% and 12% respectively. These sectors are leading in offering positions to entry-level professionals.
Moreover, the demand for fresher jobs has seen a significant rise, increasing by 5% over the last six months. This growth indicates a robust market for new graduates in these fields, reflecting the industries’ continuous expansion and their crucial role in the job market for freshers.
Sekhar Garisa, CEO of foundit said, “We’re seeing a clear trend where startups and other companies are increasingly valuing skills over just academic credentials.”
“This shift means that young professionals need to focus on acquiring relevant skills to stand out in the competitive job market. To bridge this gap, there’s a pressing need for better learning and development initiatives within our educational system”, Sekhar Garisa added.
Sekhar Garisa further said, “At foundit, we’re committed to supporting this shift through various initiatives, including continuing with our annual virtual career fair for freshers and young professionals.”
Additionally, in terms of areas Data from Foundit reveals that Delhi-NCR and Bengaluru have the highest demand for freshers, followed by Mumbai, Chennai, and Pune.
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Salary Highlighting the survey suggested that Among major Indian cities, Bengaluru offers the highest average fresher salary at Rs. 4.16 LPA followed by Mumbai provides an average of Rs. 3.99 LPA.
Delhi/NCR ranks third with Rs. 3.89 LPA, and Chennai offers Rs. 3.84 LPA. Pune is next at Rs. 3.8 LPA, while Kolkata and Coimbatore offer Rs. 3.39 LPA and Rs. 3.35 LPA, respectively.
This data highlights the varying compensation levels for freshers across different regions, with Bengaluru leading the way, followed by Mumbai and Delhi/NCR, reflecting the economic prominence and demand for talent in these cities.
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