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Manufacturing sector predicts 7% increase in new hires in January-June 2024: report

TeamLease EdTech’s ‘Career Outlook Report HY1 (January-June 2024)’ predicts a 7 percent increase in graduate recruitment for the Indian manufacturing sector. This increase coincides with increased capital investments and increased merger and acquisition activity within the booming automotive, electronics and textiles domains.

Here are the key insights from the report:

1. The commitment of the manufacturing industry to hire new talent was 48 percent in the period January-June 2024, compared to 41 percent in the previous period July-December 2023.

2. The major roles in high demand are product designers, automation engineers, embedded engineers, mechanical engineers, and quality assurance assistants, which require certifications or bachelor’s degrees in product design, automation engineering, embedded systems and design, mechanical engineering, and quality analysis.

3. Bengaluru records the highest demand for automation engineers at 61 percent, while Chennai leads the way with 56 percent demand for embedded engineers.

The need for specialized roles extends beyond major urban areas, with cities like Chandigarh and Nagpur having significant demands. While Chandigarh shows a high demand for product designers (42 percent) and QA assistants (45 percent), Nagpur shows a need for embedded engineers (47 percent) and QA assistants (40 percent).

Shantanu Rooj, Founder and CEO of TeamLease Edtech, said: β€œThe increase in hiring in India’s manufacturing sector reflects growing confidence in the sector’s growth trajectory. As investment flows in and technological advances reshape manufacturing processes, there is a palpable sense of momentum driving the sector forward.”

The survey covers 377 companies of different sizes operating in 18 different sectors across India. These companies are located in 14 different cities, including metropolitan areas and tier-1 and tier-2 cities, giving them a comprehensive view of the workforce prospects.