Are you on the journey to find the perfect job? Getting suitable opportunities in this constantly changing job market can be tricky for all job seekers.

As you look for new ways to land your dream job, take the first step by understanding the current hiring trends in India. Naukri.com brings to you the Naukri JobSpeak report, a monthly index that measures the month-on-month hiring trends based on recruiter activities on Naukri that can help you make informed career choices.

The JobSpeak report offers insights into the hiring activities across various industries, cities, and experience levels. In this blog, we will take a look at some of the major highlights from the Naukri JobSpeak report for March 2022.

Overview of the Hiring Trends

Hiring Activity Maintains Momentum at 16% Y-O-Y Growth in March’22.

The Naukri JobSpeak Index March’22 stood at 2832 at the end of the financial year reflecting the steady growth of hiring activity in India.

As multiple sectors observed consistent growth, hiring in the Travel & Hospitality sector observed an exceptional jump in March’22 (+82%) over last year as travel picks up.

Metros and non-metros sustain growth in hiring activity.

Demand for professionals across all experience bands also remains steady in Mar’22 vs last year.

Pawan Goyal, Chief Business Officer, Naukri.com commented,

India is on the road to economic recovery with all key industries and cities showing signs of continued recovery.

It is good to see that sectors that were worst hit by the pandemic such as Travel & Hospitality have now revived.

We believe that with a growth trajectory like this, the upward trend in talent demand will continue its dream run in the coming months.

Hiring Trends Across Industries

The month of the financial year closing witnessed a sequential increment in hiring activity across all key sectors.

Apart from Travel & Hospitality (82%), which has seen consistent growth since the travel restrictions have been relaxed, other key sectors that observed an uptick in hiring trends compared with last year are Education (+44%), Real Estate (+30%), Retail (+28%), BFSI (+22%), IT-Software (+14%), and FMCG (+5%).

Oil & Gas (-6%) recorded a slight decline in Mar’22 vs last year, while Healthcare remained flat.

Hiring Trends Across Cities

Metro cities saw positive Y-O-Y growth in hiring activity in March’22 with Kolkata (+42%) leading the charts followed by Hyderabad (+27%), Mumbai (+25%), Chennai (+24%), and Pune (+23%).

Delhi saw a decline(-15%) in Mar’22 vs last year.

Amongst Tier-2 cities, Coimbatore (+29%) registered the highest growth in hiring activity, followed by Kochi (+12%).

While there was a dip in Chandigarh (-9%), Vadodara and Jaipur remained flat in March’22 when compared with March’21.

Hiring Trends Across Experience Levels

Across all experience bands, the demand remained steady in March’22 with >16 years’ experience bracket witnessing the highest growth (+23%) vs last year.

Hiring activities across 0-3 years (+21%), 13-16 years (21%), 4-7 years (14%) and 8-12 years (+11%) also grew in March’22

Methodology

The Naukri JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on the Naukri.com website month on month.

The objective of Naukri JobSpeak is to measure the hiring activities in various industries, cities, functional areas, and experience levels. The data is compiled from the website wherein jobs posted by clients on Naukri.com are considered.

Thus, the JobSpeak index includes jobs that might be for replacement hiring. July 2008 is taken to be the base with an index value of 1,000, and the subsequent monthly index is compared with the data for July 2008.

The jobs analyzed for the monthly index are qualified based on white-collar, urban, organized corporate sector jobs focusing on service industries. The report shows hiring trends across industry sectors, geography, experience level, and functional areas.

More than 76,000 clients use Naukri.com, leading to the high reliability of data. The report does not cover gig employment, hyperlocal hiring, or campus placement.

Over a long period, the Naukri JobSpeak was impacted by the increase in the Naukri traffic share, internet penetration, Naukri pricing strategy, and job listing drives.

Conclusion

Hiring activity maintains momentum at 16% Y-O-Y Growth in March’22. As multiple sectors observed consistent growth, hiring in the Travel & Hospitality sector observed an exceptional jump in March’22 (+82%) over last year as travel picks up.

Metro cities saw positive Y-O-Y growth in hiring activity in March’22 with Kolkata (+42%) leading the charts followed by Hyderabad (+27%), Mumbai (+25%), Chennai (+24%), and Pune (+23%).

Across all experience bands, the demand remained steady in March’22 with the>16 years’ experience bracket witnessing the highest growth (+23%) vs last year.

With these insights at your disposal, fasttrack your career growth and make informed career choices to bag the right job.

Naukri JobSpeak Career Insights