Surge in Fresher Hiring: IT Sector Leads the Way

The demand for freshers has surged by 5% over the past six months, especially in the IT and staffing industry. According to a report by foundit, startups in IT services and the internet industry are leading this trend, focusing on skills over academic credentials.


PTI | Mumbai | Updated: 13-06-2024 18:12 IST | Created: 13-06-2024 18:12 IST
Surge in Fresher Hiring: IT Sector Leads the Way
AI Generated Representative Image
  • Country:
  • India

The demand for freshers has surged by 5% over the past six months, signaling a gradual improvement in the IT sector, as revealed in a report released on Thursday. The IT and staffing industry led with the highest share of job postings for freshers, comprising over 32% and 12%, respectively, dedicated to entry-level professionals, according to the foundit (previously Monster APAC & ME) report on fresher hiring trends.

This trend reflects a notable shift in hiring strategies among IT companies, particularly in the hardware and software sectors, driven by ongoing restructuring efforts. These efforts are focused on adopting new technologies, optimizing costs, enhancing innovation, and ensuring scalability. Startups in the IT services and internet industry are at the forefront of fresher hiring, directing 23% and 22% of jobs to new graduates, respectively.

Moreover, despite a decline in overall IT job postings in the last quarter, engineering graduates remain in demand, accounting for 28% of jobs in startups. Other roles being hired across startups include consultants (10%), sales/exec managers (4%), and operations exec/managers (4%). foundit CEO Sekhar Garisa emphasized the growing importance of relevant skills over academic credentials in the competitive job market.

The report noted that Delhi-NCR (21%) hosts the highest share of job postings for freshers, followed by Bengaluru (14%), and other metropolitan cities such as Mumbai, Chennai, Pune, and Hyderabad, each accounting for 8% of the fresher hiring market.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback