Media & Entertainment industry hirings up 14% in August 2024: Report

Jobs & talent platform Foundit Insights Tracker has indicated a steady growth in August 2024 in pivotal employment sectors like IT, Manufacturing, Healthcare, and Media & Entertainment, underscoring a resilient and dynamic job market.

As per the report, hiring activity in the Media and Entertainment industry has gone up by 14% YoY in August 2024.

According to the tracker, online hiring activity has shown a strong 15% annual growth (August 2023 vs August 2024), even as monthly hiring demand experienced a slight dip.

IT-Software & Services sector continues to be a major force in hiring, with a notable 4% month-on-month increase and a 23% year-on-year rise. This sustained demand is largely fueled by digital transformation initiatives and technological advancements across industries, solidifying IT as a cornerstone of hiring growth.

Despite a 2% monthly decline, Medical, Marketing & Communications roles witnessed an overall positive outlook, indicating shifting hiring dynamics and priorities. Nevertheless, Marketing & Communications maintained a 22% year-on-year increase, driven by the need for a strong digital presence. Expertise in performance analytics and AI-driven content strategies is in high demand. Meanwhile, Medical roles grew by 24% annually, highlighting the ongoing demand for healthcare professionals.