Hiring rate in India looks promising for the year 2023 

The Indian job market is evolving at an unprecedented pace, and the recent recovery from the COVID-19 pandemic has only accelerated this transformation. India is reporting a positive rate of hiring in 2023 as per the Decoding Jobs India Report 2023 by Taggd, with a high demand for skilled professionals across various sectors.  

Leading job sectors  

The hiring trends in different sectors are also encouraging, with Automotive (30%), Manufacturing (25%), and BFSI (24%) leading the demand for talent, followed by Internet Businesses (19%), and Pharmaceuticals and Healthcare (16%). It is also notable that the IT sector is expected to grow by 10 percent, indicating a promising future for the industry. 

In-demand domains and skills 

The report also says that the top skills in demand, such as Artificial Intelligence & Machine Learning, Cybersecurity, Digital Marketing, UX Designers, Cloud Computing & Risk Management, and Data & Business Analytics, reflect the growing importance of technology in various industries. 

Key insights 

This report provides valuable insights into the current job market in India and can be a useful resource for both organizations and individuals looking to navigate the hiring landscape. By understanding the key metrics and strategies for successful talent management and acquisition, employers can attract and retain top talent. They are adopting innovative approaches to recruitment, such as digital platforms, social media, and referral programs, to reach out to potential candidates. The focus is on creating a positive employer brand, offering competitive salaries and benefits, and providing a flexible work environment. 

Job seekers, on the other hand, need to focus on developing skills that are in demand in their industry. They can explore online courses, attend webinars, and participate in industry conferences to stay up to date with the latest trends and technologies. Candidates who are well-prepared and have the necessary skills are likely to have a higher chance of securing a job. 

Upskilling is the mantra 

To meet the growing demand for skilled professionals, candidates need to stay upskilled and make use of the online courses from reputed institutes/universities. Today, renowned educational institutes and universities such as Manipal University Jaipur (MUJ), Manipal Academy of Higher Education, and T.A. Pai Management Institute are providing UGC-recognized online UG and PG degrees as well as domain-specific certifications that help in enhancing the knowledge, skills, and employability quotient of the candidates.  

These programs are completely online which allow both students and working professionals to take them from the comfort of their homes at a time that works for them. Highly qualified and experienced teaching staff, live and recorded classes, webinars by industry experts, virtual labs for hands-on experience, 24/7 student support services, and placement assistance are some of the key features of online programs offered on Online Manipal. 

Bottom line 

Decoding Jobs Hiring Intent report 2023 by Taggd indicates a positive outlook for the Indian job market in 2023. Organizations are looking to recruit highly skilled people, and candidates need to stay upskilled to meet the growing demand for skilled professionals. The adoption of digital technologies has created new opportunities for job seekers, and candidates who possess digital skills are likely to have a competitive advantage in the job market.