Pharma, Real Estate, and FMCG Lead the Pack with 20% plus Growth

The Pharma/Biotech sector recorded a substantial 26% YoY increase, with Baroda (61%) and Hyderabad (39%) driving the surge. Key roles within Pharma like Sales & Business Development and Procurement & Supply Chain saw a 42% rise in hiring. Similarly, hiring in the FMCG sector grew by 26%, led by Bangalore (52%) and Kolkata (43%), with Marketing and Communication roles in FMCG experiencing a remarkable 57% increase. The Real Estate sector also demonstrated a strong 23% growth in hiring, largely influenced by Delhi-NCR (+51%) and Hyderabad (+28%).

AI-ML Sector continues its scorching momentum

The IT sector experienced a healthy 17% growth in July’24 as compared to July’23. Meanwhile, the AI-ML sector continued its robust performance with a remarkable 47% YoY increase. Kolkata (38%) and Pune (30%) were significant contributors to this expansion, highlighting the rising demand for AI-ML. Among the roles seeing the highest growth in hiring were Machine Learning Engineers, Data Scientists, BI Managers, and Product Managers.

GCC hiring on back of Delhi & Hyderabad

Global Capability Centers (GCC) saw a 12% YoY increase, driven by hiring in Delhi-NCR (32%) and Hyderabad (29%). Growth within Consulting Firms and Accounting & Finance was particularly prominent, with increases of 51% and 37%, respectively.

Regional Bright Spots

Gujarat continued to lead the pack with Rajkot, Jamnagar, and Baroda recording 39%, 38%, and 25% growth respectively. Hyderabad emerged as a key hub for job creation across multiple key industries, including Hospitality (76%), Insurance (71%), BPO (52%) and Oil & Gas (44%). Vijayawada and Visakhapatnam have reported healthy sequential growth of 13% and 14% respectively.

Broad-Based Growth Witnessed across Experience Levels

For the first time in 2024, hiring across all experience levels showed positive growth. In particular, fresher hiring which has been heavily subdued for a while, saw an encouraging 7% YoY growth. Two sectors, Finance (28%) and Medical (22%), have contributed to this recovery in the fresher’s job market.

Dr. Pawan Goyal, Chief Business Officer of Naukri, commented, “The robust 12% growth in hiring activity is a much-awaited, encouraging sign for this financial year. This is the first month this year that we have seen positive growth, and the fact that it’s secular, cutting across sectors and geographies, makes it truly promising. This broad-based, positive shift could potentially be the onset of an upcycle in the Indian white-collar job market.“

The post Naukri JobSpeak Insights: July Sees a 12% Boost in Hiring Activity—A Sector-Wise Breakdown appeared first on NRI News.

PUNE:  HiLabs, a leading provider of artificial intelligence-based data analytics solutions for health plans in the United States has offered a 2-crore salary package to a woman candidate from the Indian School of Business (ISB). The international offer was made on the first day of campus recruitment. During campus hiring for 2022, the company offered a record-breaking 27 offers to highly regarded IIT and ISB students.

A total of three international offers have been made across campuses for hires to join HiLabs’ headquarters in the Washington, DC metro area. In addition to the ₹2 crores international offer to a woman candidate, the company has offered ISB students salaries between ₹40 to ₹60 Lakhs per annum with ESOPs for their India office locations. Also, the IIT India and US offer ranged from ₹29 to ₹80 lakhs per year for candidates who were hired to join any of the data science, engineering, and product management teams at HiLabs.

Amit Garg, Chief Executive Officer, and Co-Founder at HiLabs said, “Placements are a quantifiable way to measure the quality and value add of students who attend and thrive at an academic institution. We are delighted that HiLabs has performed well in the placements, resulting in record-breaking job offers to these highly skilled and qualified individuals. We are proud to have the ability to go on a hiring spree now,  helping students find great opportunities despite the current job market, which has seen large-scale layoffs and an economic slowdown across the tech industry.  HiLabs’ record-breaking campus employment is being driven by our exponential growth and unique culture, which includes giving our fresh graduates opportunities to address real-world challenges on day one and to accelerate their experience and career development. HiLabs is focused on improving data quality. To date, we have evaluated over 36 billion health data records and assisted health plans in detecting and correcting over three million data errors related to provider directories, clinical data, claims operations, and value-based care. Those who join HiLabs are highly qualified and understand how to approach challenges in a proactive and innovative manner by utilizing some of the most advanced technology”.

These new hires will immediately begin working with HiLabs’ AI-powered data quality platform, MCheck, to assist health plans to recover billions in lost productivity due to data quality issues. HiLabs has made a total of six product management offers, including an international offer at the Indian School of Business (ISB) campus in Hyderabad, a significant increase from previous years.

HiLabs is combining cutting-edge, explainable AI with healthcare-specific business ontologies to vastly improve data quality for its health plan clients across provider data, payment accuracy, clinical interoperability, and value-based care. This unique and valuable approach has earned HiLabs business with three of the five largest US health plans. HiLabs core platform, MCheck has performed analysis on over 36 billion health data records, covering over one-fifth of the US insured population. It proactively detects and corrects data errors throughout the health plan enterprise, improving operations and analytics, and resulting in significant cost savings and revenue growth opportunities.

The post HiLabs offers the highest salary package of Rs 2 crore in their campus hiring to a female candidate from the Indian School of Business (ISB) appeared first on NRI News.

INDIA: Fulcrum Digital, a leading business platform, and digital services organization, plans to scale its India Global Delivery Center by adding 450 employees. The open positions include data engineers, reliability engineers, full-stack developers, Magento developers, solution architects, business analysts, and program managers. These hirings are backed by multi-year digital transformation programs with marquee customers in India, the US, UK, and rapid growth in new markets.

Fulcrum Digital is a front-runner among business platforms, digital engineering, cloud solutions, and technology services providers. The company is a preferred partner for enterprises across banking and financial services, insurance, higher education, consumer products and services, and e-commerce industries.

With over 20 years of global expertise in digital transformation, and by leveraging cutting-edge technologies, including composable architecture, AI/ML, data science, and reliability engineering, the company has transformed into a next-gen composite platform and digital engineering services company.

Speaking about the company’s hiring plans, Dhana Kumarasamy, CEO of Fulcrum Digital, said, “As a rapidly growing company, our expansion strategy lies in strengthening our India Global Delivery Center (GDC). Our Pune GDC supports global clients with business platform engineering and implementation, digital engineering, cloud integration, consultancy, and managed engineering services. By scaling our India operations, we aim to play a pivotal role in supporting our client’s growth strategy by delivering top-notch technology services to them globally”.

The post Fulcrum Digital Is On A Hiring Spree In India And Global Locations For Platform And Digital Technology Roles appeared first on NRI News.