Increase of Hiring of Freshers Reported in India: Top Three Industries Hiring Freshers

TeamLease EdTech has released its extensive Career Outlook Report HY2, 2023, revealing some interesting insights about the job market for freshers . There is an increase of 3% in HY2 of 2023 vs HY1 of 2023 (65% Vs 62%) in freshers hiring in India. Additionally, the overall hiring intent for all categories of jobseekers has risen to 73% from 68% over the same duration. Such sustained growth implies an optimistic job market in the coming months, especially for freshers. 

Shantanu Rooj, Founder and CEO, TeamLease Edtech, said: “Amidst a challenging hiring scenario, the Indian job market indicates a marginal uptick with a 3% increase in the intent of hiring freshers. Moreover, the overall rise in hiring intent to 73% for all jobseeker categories reinforces the optimistic outlook for the coming months. It's particularly encouraging to witness the emergence of new and trending sectors like Travel and Hospitality, with a 5% increase in hiring intent for freshers in HY2 2023. Additionally, the demand for roles such as DevOps Engineer, Chartered Accountant, SEO Analyst, Cybersecurity Analyst, Digital Marketing Specialist, Artificial Intelligence Engineer and UX Designer across industries signals a promising landscape for the young talent entering the job market.”

Top Three Industries Hiring Freshers

As per the report, the top three industries with the highest hiring intent for freshers are:

• E-commerce & Technology Start-ups (59%).
• Telecommunications (53%).
• Engineering & Infrastructure (50%).

The IT industry sees an overall decrease in the intent to hire freshers as compared to HY1 2023 (49% in HY2 2023 vs 67% in HY1 2023 - decrease of 18%). Whereas some new and trending sectors like Travel and Hospitality have emerged with an increase of 5% (HY2 2023 Vs HY1 2023).

Roles such as DevOps Engineer, Chartered Accountant, SEO Analyst, and UX Designer are in high demand across industries for freshers. Among cities, Bangalore leads the way with a hiring intent of 65% though a decrease of 10% as compared to HY1 2023, followed by Mumbai at 61% and Chennai at 47%, an increase of 5% for both cities in comparison to HY1. Delhi is at 43%, a decline of 4% from HY1 2023. Though the demand for new talent has only marginally increased, the Indian freshers’ job market has witnessed an increase of 6% in the current HY(Jul-Dec, 2023) when compared to the same period of the last HY (Jul-Dec, 2022).

Reflecting the clear market sentiments, some in-demand courses that freshers can undertake to increase their employability include Certification Courses in Digital Marketing, Business Communication, Data Science, Blockchain and PG programs in AI and ML. The report also has, now, included a new segment on Degree Apprenticeship and its growing popularity amongst students and employers. The top three industries planning to hire degree apprentices during the same period are Manufacturing (12%), Engineering & Infrastructure (10%), and Power & Energy (7%). Among the cities, Chennai and Pune stand out with 10% each, while Bangalore and Mumbai follow closely with 9% each, and Ahmedabad at 7%. The survey covers 737 small, medium, and large companies across 18 sectors across India. The coverage is spread across 14 geographical areas reflecting the hiring sentiment. 

Jaideep Kewalramani, Head of Employability Business & COO, said: “The report reiterates the relevance of staying ahead in the dynamic job market by identifying the leading roles, skills and sectors when looking out for opportunities. It's important to recognize the value of work integrated degree programs that raise the employability quotient. These programs integrate top-class learning with work opportunities through internship / apprenticeship, for developing pathways for a successful career.”