India, US lead global job mkt
Recruitment rose over 7% in June qtr; Rising demand for jobs in cloud, AI, big data, cybersecurity and e-commerce
India, US lead global job mkt
In Focus
♦ Travel and tourism
♦ Foodservice
♦ Retailing
New Delhi: Driven by rising demand for talent in the US and India markets, the global hiring activity showed positive trends in the April-June period (Q2 2024), with job postings increasing 7.3 per cent (year-on-year), a report showed on Monday.
Cloud, artificial intelligence (AI), big data, cybersecurity and ecommerce were trending themes in hiring, while RTX, Cargill Inc, LVMH, JPMorgan Chase and Co and Marriott International were among the top recruiters during the quarter, according to data and analytics company GlobalData. The job market dynamics revealed a positive YoY trend, despite layoffs by major companies like Google, Nestle, Ford Motor, Nike, Amazon and Walmart.
“Travel and tourism, foodservice, and retailing saw significant YoY growth in job postings during the quarter,” the findings showed.
According to SherlaSriprada, business fundamentals analyst at GlobalData, companies are looking for people with experience in machine learning (ML) hardware platforms, AI solutions, smart robotics trial and AI capabilities.
“Generative AI (GenAI) has seen a significant rise in demand for talent since April 2023. The US and India were hotspots in Q2 2024. GenAI is finding applications for next generation products and services across industries,” said Sriprada.
