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Hiring In Indian Companies Down By 4% In March 2024: Report – Prime Time News24


The share of IT software program within the gig financial system has almost doubled, leaping to 46 per cent in March 2024, from 22 per cent in March 2023. (Consultant picture)

The report relies on an evaluation of match knowledge from March 2023 to March 2024.

Hiring by Indian corporations noticed a 4 per cent decline in March as in comparison with the identical month final 12 months, a report launched on Tuesday said.

Nonetheless, sequentially, there was a slight uptick of three per cent, reflecting an optimistic enterprise sentiment, the report by foundit Insights Tracker (match) stated.

The report relies on an evaluation of match knowledge from March 2023 to March 2024.

The report revealed that white-collar gig jobs, or freelance work, noticed an 184 per cent improve in comparison with the earlier 12 months.

This implies professionals’ rising choice for versatile, project-based work preparations, it famous.

Moreover, it said that gig employees, representing an important workforce phase, have expanded 21 per cent over the identical interval, highlighting corporations’ growing reliance on freelancers and Prime Time News24 contractors to fulfill enterprise wants.

The IT sector is on the forefront of this gig growth, as per the report.

The share of IT software program within the gig financial system has almost doubled, leaping to 46 per cent in March 2024, from 22 per cent in March 2023, it added.

“By our tracker, we’ve seen that the metro cities of Delhi, Bengaluru, and Mumbai are paving the way in which for gig jobs as of now,” CEO of foundit (beforehand Monster APAC and ME), a Quess firm, Sekhar Garisa, stated.

(This story has not been edited by Prime Time News24 employees and is printed from a syndicated information company feed – PTI)

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