Hiring Trends Surge in August 2024: IT, Real Estate, and Construction Lead the Way

The latest edition of the foundit Insights Tracker (fit) reveals a 15% year-on-year increase in hiring for August 2024. This growth is driven by significant surges in the IT sector (23%) and Real Estate (32%). Tier-2 cities like Coimbatore and Kochi are emerging as new hiring hubs, showcasing a dynamic job market.

The latest edition of the foundit Insights Tracker (fit) indicates a 15% year-on-year increase in hiring for August 2024, led by substantial growth in the IT sector with a 23% surge.

Global Capability Centres were the driving force behind 62% of IT jobs, while Real Estate experienced a 32% annual rise in hiring.

Additionally, Tier-2 cities such as Coimbatore and Kochi are becoming new hiring hubs. The market remains resilient, with significant job growth also seen in Construction & Engineering, indicating renewed employer confidence and economic recovery.

(With inputs from agencies.)