Women freshers placements grew 116% YoY in 2023: Report

  • The placements of female freshers grew by 116% YoY in 2023 with 5,012 placements in tier 2 and 3 colleges in 2023

Mansi Jaswal
Updated20 Mar 2024, 11:26 AM IST
Freshers hiring in 2023
Freshers hiring in 2023

Several corporate firms have reported a surge in the hiring of female freshers in 2023, according to a report. Female students in tier 2 and 3 colleges have bagged more jobs during campus hiring in 2023 than in 2022 and 2021, an HRtech startup report said.

The placements of female freshers grew by 116% YoY in 2023 with 5,012 placements in tier 2 and 3 colleges in 2023, a report published by GetWork said.

The hiring of female freshers in 2022 was 2,318 and 337 in 2021, the report added.

Average salary appraisals in IT sector projected between 8.4% to 9% in 2024

Among the job roles, female students were hired for roles like Operations, Human Resources (HR), and Software Development Executive last year. Besides, women have continued to take on several roles in traditional sectors. The GetWork mentioned a shift in the recruitment trends for women freshers in tier 2 and 3 colleges taking up roles in BPO and professional services, followed by IT and IT Services, and BFSI (Banking, Financial Services and Insurance sector).

Infosys promoted in-house talent to top jobs after high-level exodus: Nomura

"The corporate landscape is evolving at an unprecedented pace with more unique recruitment trends taking the lead. Empowered by hybrid work cultures, inclusive policies, and AI tools, the women freshers are seizing more opportunities that make roles like operations, HR and software development more gender-neutral," GetWork CEO & Founder, Rahul Veerwal said.

Additionally, GetWork also pointed out that campus placements at tier 2, and 3 colleges in the country witnessed a 7% rise last year with 12,050 hiring compared to 11,310 in 2022.

Beauty and the Bias: India Inc needs more sensitivity

Hiring in Indian startups from tier 2 and 3 colleges dwindled but leading MNCs like Religare, Sharekhan, Motilal Oswal, HDFC, and Aditya Birlawere were among the leading recruiters last year.

This year, Veerwal has expected that BFSI and Healthcare will generate more jobs for freshers with EMPI (Engineering, Manufacturing, Process, and Infrastructure) poised to witness the highest growth ever.

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:20 Mar 2024, 11:26 AM IST
Business NewsIndustryHuman ResourceWomen freshers placements grew 116% YoY in 2023: Report

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel

    153.40
    03:59 PM | 13 SEP 2024
    1.65 (1.09%)

    Bank Of Baroda

    239.30
    03:49 PM | 13 SEP 2024
    2.1 (0.89%)

    Bandhan Bank

    207.05
    03:57 PM | 13 SEP 2024
    10 (5.07%)

    Zee Entertainment Enterprises

    135.95
    03:59 PM | 13 SEP 2024
    1.2 (0.89%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Linde India

    8,205.20
    03:29 PM | 13 SEP 2024
    623.3 (8.22%)

    IDBI Bank

    94.94
    03:53 PM | 13 SEP 2024
    7 (7.96%)

    IIFL Finance

    523.65
    03:29 PM | 13 SEP 2024
    38.4 (7.91%)

    Home First Finance Company India

    1,203.70
    03:43 PM | 13 SEP 2024
    76.3 (6.77%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      72,990.00790.00
      Chennai
      73,100.00880.00
      Delhi
      75,310.002,420.00
      Kolkata
      75,600.001,090.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.98/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in Industry

        HomeMarketsloanPremiumMint Shorts