Tech Hiring Trends 2024
Explore how's tech hiring world changing in 2024 and what is likely to come ahead in 2025.
Curated by Cutshort, India's leading tech hiring platform with 3.5M registered users and 35000 registered recruiters.
Download Full Report
Methodology & Sources
  • Analysis of job volume and in-demand skills is based on jobs data from LinkedIn, Naukri, Cutshort and other online sources
  • Hiring metrics are shared based on our team's direct collaboration with 100+ customers on our agency model
  • Insights about candidate preferences are based on our team's close conversations with 2000+ high skill candidates in last 1 year
  • General data from Cutshort marketplace across thoud
Tech job volumes fell sharply in 2023
Monthly active tech jobs on Naukri.com (in thousands)
Tech hiring started falling from 2022H2 onward and dropped to the rock bottom by the end of 2023.
Salaries got rationalised and "Offer to Joining" ratios improved
Salary hikes
Common salary hikes: 30% to 125%
Median salary hikes dropped
Offer to joining ratios
Common Offer-to-Joining ratio: 60% to 75%
Median Offer-to-Joining ratios improved
2024 is seeing a hiring reversal
Q3 saw the biggest increase and the volumes are now 2x of 2023 average
Monthly active tech jobs on Naukri.com (in thousands)
Data as well as conversations started showing the sharp pick up in hiring from July 2024 onward.
The state of tech hiring market now
1
Companies are demanding AI Skills
Most job descriptions now include AI-related skills. Companies seek AI expertise.
2
Salary hikes have started inching up
Companies are avoiding offer wars but still hikes are rising gradually
3
Offer-to-Joining is under pressure
With competition for talent heating up sharply.
Candidates are open to move but are selective
Top talent is getting ready to engage
Top talent returns to job market. Skilled professionals seek new opportunities.
Salary expectations still reasonable
They are expecting salary hikes of 30%-40%. But this may change soon as the market heats up.
They are now more selective
Candidates prioritize company stability. Growth prospects gain importance in job selection.
Companies are facing these challenes
Finding relevant & skilled talent is even harder now
LinkedIn job posts receive 500-1200 applications in 3 days making it challenging to find right talent.
Increasing importance of screening tools
With a large candidate pool that writes keywords but has limited real experience, it is hard to find the skilled candidates objectively.
Competition for good talent is intensifying
While companies looking to hire for AI and other key skills, there isn't a large talent pool available.
Tech hiring in 2025 is expected to rise further
1
VC Funding
VC funding clocked a 29% increase in Q2 vs Q1 and the consensus of market experts is that it will continue to grow in 2025.
2
Higher spend on technology due to AI
Existing projects undergo AI rewrites. New AI-focused initiatives emerge, boosting demand.
3
Low bench strength
Previous hiring freezes and layoffs have results in stretched headcounts. As forecasts get better, required backfilling will boost tech hiring.
Recommendations for Tech Companies
Act before the market gets too hot
Hire before market overheats. Secure top talent before competition intensifies.
Prepare for an AI world
Upskill recruiting teams in AI. Develop strategies for hiring AI talent.
Explore new pricing options
Explore outcome-based pricing models. Move away from heavy upfront payments.
This report is brought to you by Cutshort
10x tech hiring with AI + humans
Cutshort has built India's leading tech hiring platform with 3.5M registered users and 35000 registered recruiters.
Hire easily using
  • Our self-serve AI powered platform
  • Our groundbreaking agency model that starts with 6.99% success fees
Made with