Indeed has released its latest analysis of job market trends, showcasing notable growth in various professions and industries. This report offers a clear insight into the dynamic changes in the Indian job market, identifying the roles and sectors experiencing growth from January 2022 to June 2024.
AI/ML Engineers and BPO Executives Dominate Job Growth
The demand for Artificial Intelligence & Machine Learning engineers (AI/ML) has surged by 433%, reflecting the growing reliance on artificial intelligence and machine learning technologies across various sectors. BPO executives follow closely with a 314% increase, underscoring the continued expansion of the outsourcing and customer service industries. These two roles, though vastly different in skill requirements, are driving significant employment growth at both ends of the skill spectrum. AI/ML engineers represent highly specialized, technical positions, while BPO executives are indicative of the robust demand for more generalized, customer-oriented roles. Receptionists, travel consultants, and electricians also feature prominently on the list, showcasing a diverse range of in-demand roles.
Sashi Kumar, Head of Sales at Indeed India, commented on these trends: "The rapid rise in AI/ML engineer roles highlights the critical importance of technological innovation in today's job market. Meanwhile, the significant growth in BPO executive positions reflects India's robust outsourcing capabilities. These trends offer valuable insights for job seekers and employers alike, illustrating how both high-tech and service-oriented roles are essential to the evolving job landscape."
Receptionists and Travel Consultants See Rising Demand
Job postings for receptionists have increased by 310%, highlighting the need for effective front-office management and customer interaction. Travel consultants have experienced a 285% rise, suggesting a resurgence in travel and tourism as people regain confidence in travelling post-pandemic. This trend could be driven by a combination of increased leisure travel and the resumption of business travel, reflecting a broader recovery in the tourism sector.
Therapy Jobs Reflect Growing Focus on Mental Wellness
Jobs in therapy have also seen a significant increase, with a 102 per cent rise. This trend could indicate a growing awareness and prioritisation of mental wellness. The demand for therapy professionals underscores the importance of mental health services in today's society.
Sanitation, Electrician and Construction Sectors Lead the Way
On the sectoral front, the sanitation and construction industries are experiencing the highest growth, with job postings increasing by 160% and 121%, respectively. Electricians are in high demand with a 258% increase in job postings, indicating a surge in infrastructure projects and real estate developments requiring skilled tradespeople. Other sectors showing significant job growth include education, and medical research, reflecting rising needs in healthcare and educational services.
The 2024 Indeed Jobs Market Trends Report shows optimism with opportunities and growth ahead. Demand spikes for AI/ML engineers and BPO executives underscore the economy's need for both technological innovation and customer service. Meanwhile, the rise in therapy-related positions highlights a shift towards prioritizing mental health. The booming sanitation and construction sectors also point to a focus on infrastructure and public health.
