Kolkata Leads India with Highest Hiring Growth in May 2024!
As per the latest updates from talent platform foundit , Kolkata has shown an impressive 5% month-on-month increase in job opportunities, marking a significant stride in job market expansion for May 2024.
Here are some take-aways:
Production and Manufacturing Sector: This sector has seen an astounding 47% annual increase in hiring, emerging as the top hiring sector in Tier-2 cities. This growth means more opportunities for individuals seeking employment in these industries. IT, Software, and Services: Tier-2 cities have witnessed a noticeable 17% rise in hiring, surpassing the 3% increase seen in metro cities. This suggests a shift in employment opportunities towards smaller cities, offering hope to job seekers outside major urban centres. Tier-2 Cities’ Boom: Cities like Kochi, Coimbatore, and Jaipur are rising as prominent hiring destinations, showing consistent growth. This expansion brings new job prospects to these regions, enriching local communities. Start-ups Surge: April 2024 saw a remarkable 37% increase in new startups, leading to a 14% surge in job openings nationwide. This indicates a vibrant entrepreneurial landscape, providing diverse employment avenues across the country.
Kolkata leads with a +21% Year-on-Year and +5% Month-on-Month increase, reflecting the city’s flourishing job market.
Jaipur and Kolkata have been instrumental in creating these new job opportunities, fostering hope for individuals entering the workforce.
Kolkata, alongside other major cities like Bengaluru and DelhiNCR, remains a prominent hub for hiring, experiencing substantial year-on-year growth. The city’s lively job market and thriving economy offer promising prospects for both job seekers and businesses, contributing to its status as a preferred destination for employment and growth.
