72 per cent Of Employers To Hire Freshers In HY 2024: TeamLease Report

The recently released 'Career Outlook Report HY2 (July - December 2024) by TeamLease EdTeach revealed that 72 per cent of employers intend to hire freshers in the coming months. The report, based on a survey of over 603 companies across India, indicates a positive trend in the job market for new graduates.

The 72 per cent hiring intent represents a 4 per cent increase from the previous half-year and a 7 per cent rise compared to the same period in 2023, suggesting a gradually improving employment landscape for fresh talent.  
The report highlights that E-commerce & Technology Start-ups, Engineering & Infrastructure and Retail are the top three industries showing intent to hire freshers, with 61 per cent, 59 per cent and 54 per cent of employers in these sectors planning to recruit, respectively. Geographically, Bangalore leads with 74 per cent of employers intending to hire freshers, followed by Mumbai at 60 per cent and Chennai at 54 per cent. 

In terms of job roles, Full Stack Developer, SEO Executive, Digital Sales Associate, and UI/UX Designer have emerged as the most in-demand positions for freshers. Employers are particularly seeking candidates with skills in Cybersecurity, Cloud Computing, Data Analytics and Search Engine Optimisation. The report also sheds light on the growing importance of industry-academia collaboration. 70 per cent of employers suggest enhancing curriculum with experiential learning, while 62 per cent advocate for industry-academia partnerships to better align academic training with industry needs. Additionally, degree apprenticeships continue to depict stable demand. Manufacturing leads with 25 per cent of employers planning to hire degree apprentices, followed by Engineering & Infrastructure at 19 per cent and Construction & Real Estate at 11 per cent. Among cities, Bangalore shows the highest intent to hire apprentices at 25 per cent, followed by Chennai at 21 per cent and Mumbai at 16 per cent.  

Research Methodology

A Primary survey was conducted between April and June 2024 to estimate the intent to hire freshers, with a total sample size of 603 Corporates.