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Hiring in Media, IT, Finance and Pharmaceutical sectors witness growth

Hiring in Media, IT, Finance and Pharmaceutical sectors witness growth

Hiring in Media, IT, Finance and Pharmaceutical sectors saw a growth while Automobiles and Logistics remained stagnant in the first quarter of FY 2020, according to a recent study.

 

Board Infinity, a career exploration platform, conducted surveyed about 2320 freshers and working professionals and amongst 235 startups, mid large organizations and SMEs. 

 

The findings further revealed that 20% jump in hiring in Data science, Machine Learning (ML) and Artificial Intelligence (AI), Digital Marketing, SEO and Social Media positions compared to first 3 months of 2020.

 

Another highlight of the study was on internships which have also been emphasized in National Education Policy where college students were opting for unpaid internship opportunities in order to remain relevant in the market thus helping them in up skilling.  

 

As per the research job placements in various sectors are - 28.3% in IT & Services, 14.3% in Media, 19.8% in E-Learning, 11.9% in Marketing & Advertising, 11.1% in Pharma, 7.9% in Civil & Social, 9.5% in Financial Services and the least of 1.6% in Automotive Industry.

 

“Although the hiring has picked up pace, there has been a dramatic change in the process for many companies. Initially full time offers were the norm but in these testing times, HRs have started opting for an internship to PPO model for better conversions and long term association with the candidates.  Today we are seeing new age companies finding hackathons, and virtual scalable hiring models as a better means to shortlist appropriate candidates in this unbalanced supply and demand market”, says Sumesh Nair, Co-founder, Board Infinity.

 

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