Real Estate, BFSI hiring continue to Grow in April 2023!

Naukri .com unveiled a diverse landscape of white-collar hiring in April 2023. At a value of 2715, the hiring activity index registered a 5% decline compared to April 2022. Active hiring in Non-Tech sectors such as Real Estate and BFSI mitigated the dip in IT sector hiring. Geographically, cities such as Ahmedabad and Vadodara exhibited strong y-o-y growth of 28% and 14%, respectively, in April 2023.

Real Estate continues on its growth trajectory

The real estate sector spearheaded non-technology industries, witnessing a 21% upswing in recruitment compared to the same month the previous year. This growth predominantly resulted from an increase in new launches of residential and commercial properties across metropolitan areas, prompting hiring in key roles such as Tender Manager, Construction Engineer, and Civil Engineer positions. Among the large metros, Kolkata, Pune, and Hyderabad exhibited recruitment surges of 28%, 22%, and 19%, respectively, in hiring for the real estate sector. The demand was highest for senior professionals with more than 16 years of experience.

Non-Metro Cities: The New Hiring Powerhouses

Among Non-metro cities, Ahmedabad leads hiring trends with a 28% growth in new job creation compared to last year, followed by Vadodara and Jaipur with 14% and 9% growth in new job creation, respectively. Banking, Auto, and Insurance sectors have primarily contributed to the hiring activity observed across the Non-metro cities. Real Estate and Oil & Gas were the other sectors witnessing positive hiring sentiment in the Non-Metros.

Senior Professionals continue to remain in high demand

Demand for senior professionals with more than 16 years of experience increased by 30% compared to April last year, while the demand for 13-16 years of experience increased by a respectable 20%. The demand for fresh graduates and professionals with 4-7 years of experience has declined compared to the same month last year.