Hiring activity set to gain pace in 2024: Taggd India report
hiring numbers in calendar year 2024 compared to the previous year, with manufacturing, automotive and BFSI leading hiring. According to the Taggd India Decoding Jobs 2024 report released on Tuesday, 60% companies plan to hire for hybrid roles in 2024 compared to 56% in 2023.
Devashish Sharma, CEO of digital recruitment platform Taggd said, “Positive trends in hiring, especially in sectors like automotive, manufacturing, and BFSI, indicate a dynamic recovery.
The focus on diversity, upskilling, and the emergence of new roles powered by AI and generative technology further underscores India's ability to reimagine and recover”.
Among the sectors, the manufacturing sector leads the way with an increase of 25% in hiring intent, underscoring a positive outlook for industrial expansion. Similarly, the automotive industry is set to witness a 20% surge in hiring intent, reflective of the sector's anticipation of increased demand.
The internet business and global in-house centres (GIC) sectors are likely to see an increase of 20% in hiring, highlighting the continued importance of technology and global operations, according to the report.
However, the information technology (IT) sector has a more conservative hiring intent growth at 3%, potentially reflecting a nuanced approach amidst evolving industry dynamics, the report said.
In 2024, the hybrid model strengthens its position with 60% of those surveyed looking to hire in flexible work arrangements.
