As companies prepare to hire and retain, they're hiring more HR professionals

• Demand for HR professionals saw an 11% increase in the month of July this year as compared to last year.
• Banking, BFSI, finance and accounts professionals continue to remain in high demand.
• Tier 2 cities like Coimbatore and Ahmedabad were among the cities which created the highest number of jobs.

Some companies are trying to bring their employees to office, and some others are trying to make the most of the ones working from home. As companies struggle with the issues, they are now hiring more….HR people.

According to a report by Monster Employment Index, the demand for HR, admin and professional roles has increased by 11% this July. The demand for HR professionals was the highest in the month of April — which saw a growth of 36% year-on-year.

Apart from HR, banking, financial services and insurance (BFSI), and accounts professionals continue to be high in demand. These sectors are the most promising job creators in the country with a continuous incline in hiring activity in the past year.

The sectors that are cutting jobs are those engaged in marketing and communications, sales and business development – where hiring declined by 3% and 7%, respectively.

“The demand for skilled candidates in India is continuously growing and in the post-pandemic market, acquiring new skills certainly holds a lot of value. For candidates today, being tech adaptive is key irrespective of the segment with every industry adopting digital transformation to stay relevant with the global market,” said Sekhar Garisa, CEO at Monster.com.
Tier 2 cities hired the most
Tier 2 cities like Coimbatore and Ahmedabad led the charge in hiring as companies are keen on setting up bases in smaller towns to tap local talent.

“Tier 2 and tier 3 cities are seeing a number of SAAS and product companies. Lower set-up costs coupled with great infrastructure, government support and access to talent from good quality institutes have proven to be great determinants in how organizations, particularly startups, are choosing to venture into smaller hubs of India,” says the Monster report.

Around eight out of 13 cities saw an annual growth in hiring in July. Out of metro cities, Mumbai registered the highest number of hiring.

After Mumbai, Hyderabad, Delhi, Chennai did well with an increase of 8%, 6% and 4% respectively. Bengaluru and Jaipur noted a marginal dip in the hiring activity in the last month this year.

"After months of uncertainty, the Indian job market has stabilized with hiring demand holding up in July, as anticipated. This is good news at a time when most countries are tightening their belts in fear of an upcoming recession,” Garisa added.

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