Hiring sees green shoots in IT, oil & gas and senior roles, shows Naukri index
hiring climate seems to be improving in oil & gas, some segments of information technology and for senior managers.
Naukri’s JobSpeak Index for March, a measure of white collar hiring, showed hiring in oil & gas rising 22% over the previous year. Hiring demand for professionals with 16 or more years of experience was up 11% on a year-on-year (YoY) basis. Demand for AI and machine learning roles grew by 12% over March 2023, the report said.
The JobSpeak Index, which stood at 2657 in March 2024, saw a 4% dip from the previous month and a 11% correction on a year-on-year basis.
Key roles in demand
Within the artificial intelligence (AI) and machine learning (ML) space, the role of ML engineer saw the highest hiring demand, with a 82% growth YoY. Full stack data scientists were also in demand, with a growth of 20%.
Tech companies plug into India's smaller cities for talent
These spikes are welcome shifts in an IT market that has seen a dip in hiring.
Within oil and gas, the key roles that saw high demand were MEP engineers and electrical engineers. Another interesting factor was that the location of hiring extended beyond the usual large cities; there was a rise in demand for these roles in Ahmedabad.
Pharma hiring rose 2%, said Naukri. The most notable growth was from cities such as Ahmedabad, Mumbai and Baroda. In fact, as Naukri has expanded its coverage to emerging cities, it shows an appetite for roles in Rajkot, Raipur and
