Hospitality, Oil & Gas, FMCG lead the charge in April 2024: Naukri JobSpeak
Non-metro cities continue their strong run, with Ahmedabad (+10%) and Vadodara (+8%) emerging as hiring hotspots, outperforming major metro cities
India, 14th May 2024: Naukri JobSpeak Index, the premier job index for white-collar hiring in India, stood at 2643 in April 2024, staying flat as compared to previous month (March 2024) and a 3% dip vs April last year. However, the overall job market sentiment showcased a few positives, with sectors like Hospitality, Oil & Gas, and FMCG demonstrating growth in hiring. Non-metro cities continued their strong performance, outpacing metros; while senior professionals remained in high demand, driving a healthy year-on-year growth in roles for experienced candidates.
Dr. Pawan Goyal, Chief Business Officer of Naukri.com, said, “While the overall Index is flat, the new financial year is off to a positive start with remarkable hiring growth recorded in Hospitality, Oil & Gas and FMCG. Non-metros continue to outshine the bigger cities and this bodes well for the Indian hiring market in the months to come“
Hospitality industry registers a healthy rise
The Hospitality and Travel sector witnessed a remarkable 16% surge in hiring activity compared to April 2023, driven by the growth in travel and tourism. Positions like Front Office Managers, Housekeeping Supervisors, and F&B Service Professionals were in high demand across major urban hubs like Delhi, Mumbai, and Bengaluru.
Oil & Gas sector fuels job growth
The Oil & Gas industry recorded a 15% year-on-year increase in new job creation in April 2024. Roles like Petroleum Engineers, Drilling Engineers, and Production Operators were sought after, particularly in locations like Ahmedabad, Vadodara, and Jaipur.
FMCG sector rides on rural demand
Hiring in the FMCG sector witnessed an 11% upswing this month compared to April 2023, fueled by rising demand in rural areas. Sales Managers, Supply Chain Executives, and Brand Managers were among the most sought-after profiles, with cities like Mumbai, Kolkata, and Chennai driving this growth.
AI and ML roles continue to be in demand
While the IT sector saw a modest 2% year-on-year growth in April 2024, roles related to Artificial Intelligence and Machine Learning maintained their momentum, registering a 19% increase in hiring compared to the previous year.
Mini-metros shine, and metros hold steady. Non-metro cities like Ahmedabad (+10% year-on-year) and Vadodara (+8%) emerged as hiring hotspots, while metro cities like Delhi-NCR, Mumbai, and Pune witnessed stable hiring trends.
Senior professionals in high demand
The demand for experienced professionals remained high, with roles for candidates between 13-16 years of experience growing by 9% year-on-year and those with over 16 years of experience clocking a remarkable 21% surge in hiring activity. However, entry-level hiring remained muted, contrasting with the robust demand for seasoned professionals.
Methodology
The Naukri JobSpeak is a monthly Index representing the state of the Indian job market & hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. The JobSpeak Index captures hiring activity across multiple dimensions, including industries, cities, functional areas, and experience bands. July 2008 is the base month with an index value of 1,000, and the subsequent monthly index values are compared with the data for July 2008. The Index is a highly robust and reliable indicator of white-collar hiring in India. It is aggregated based on the hiring activity of over 100,000 clients with over 70 Lakh new job mandates yearly. The report does not cover gig employment, hyperlocal hiring, or campus placement. Over an extended period, JobSpeak could be impacted by factors like internet penetration and Naukri’s market share.
