Fresh Talent in Focus: Employers Increase Hiring Intent for 2024 Graduates
According to a recent report, 72% of employers in India express the intent to hire fresh graduates. This represents a 4% increase from the first half of the year and a 7% rise compared to the same period last year, signaling growing confidence among employers and expanding opportunities for new talent entering the workforce.
The report also highlights e-commerce and technology start-ups, engineering and infrastructure, and retail as the top three industries most eager to onboard fresh graduates. These sectors are not only driving the demand for entry-level talent but are also shaping the future of the job market in India.
Bengaluru, a hub for technology and innovation, leads the way geographically, with 74% of employers in the city planning to hire freshers. Mumbai and Chennai follow, with 60% and 54% of employers respectively indicating their intent to bring in new talent. This regional distribution underscores the dynamic nature of India’s job market and the pivotal role major cities play in providing employment opportunities.
The demand for freshers is robust in job roles such as full-stack developers, SEO executives, digital sales associates, and UI/UX designers. These positions are critical in today’s digital economy, and the skills associated with them are highly sought after by employers.
In line with the evolving job market, companies are particularly interested in candidates with expertise in cybersecurity, cloud computing, data analytics, and search engine optimization. These skills are becoming increasingly essential as businesses continue to embrace digital transformation and seek to stay competitive in a rapidly changing environment.
The report also sheds light on the growing need for alignment between academic curricula and industry requirements. A significant 70% of employers suggest enhancing educational programs with experiential learning, while 62% advocate for stronger industry-academia partnerships. These recommendations emphasize the importance of preparing students for the realities of the job market, ensuring they possess the practical skills needed to excel in their careers.
Furthermore, the report indicates that the manufacturing sector leads the way in hiring degree apprentices, with 25% of employers planning to take on apprentices. Engineering and infrastructure follow at 19%, and construction and real estate at 11%. This trend underscores the importance of hands-on experience in technical fields and the value of apprenticeships in building a skilled workforce.
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As the job market evolves, aligning educational programs with industry needs is more critical than ever. The growing focus on technology and digital skills reflects the broader trends shaping the future of work in India. For fresh graduates, this presents a golden opportunity to enter the workforce with relevant skills and make a meaningful impact.
The increase in hiring intent for freshers is not just a positive indicator for the job market but also a sign of the potential that fresh talent holds in driving innovation and growth across various sectors. As more employers recognize the value of new graduates, the future looks promising for those entering the workforce in the coming months.
Outworks Solutions is a global provider of staffing services to businesses, renowned for its commitment to excellence in talent acquisition and workforce solutions. With a proven track record of connecting top talent with leading organizations worldwide, Outworks Solutions is shaping the future of work through innovation and collaboration by aligning with the evolving needs and priorities of the workforce by embracing remote work, promoting work-life balance, and fostering a culture of productivity within reasonable time frames. By acknowledging and responding to these insights, Outworks has been recognized with the Outlook Business Spotlight - Indo Global Business Excellence Awards 2024 for Excellence in IT Staffing and Consulting for providing relentless pursuit of excellence, innovative solutions, and unwavering commitment to our clients.
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