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Hiring intent in India Inc will rise in 2024 but IT jobs to remain scarce: Report

  • India's hiring landscape is poised for growth in 2024, with overall intent increasing 19 percent compared to the previous year, according to a report by recruitment platform Taggd.
  • The manufacturing sector leads with a robust 25% hiring intent, followed by BFSI at 25%. However, the IT sector shows a conservative 3% increase in hiring intent, reflecting nuanced approaches amid evolving industry dynamics.
  • While the pharmaceutical and automotive industries display positive hiring trends, the IT sector faces challenges. The report anticipates a shift to 60% in hybrid work models in 2024, and a decline in direct walk-ins, with employers preferring diverse hiring sources.

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