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Net headcount addition in FY23 surged 61% over FY22 and is expected to beat the record high of FY11. The record additions are being driven by aggressive hiring by private banks across functions such as customer interface, lending, assurance, and technology to drive their branch expansion into tier 3 and rural areas.

The findings across 700 companies show about 47% of firms intend to have 10% of their total workforce as apprentices in the next 6 months, while a substantial 31% are currently maintaining an apprenticeship share of 5-10% within their organisation.

Tribunals, specialised regulators drive mid-to-senior legal practitioners to start their own boutique firms as cases increase.

The number of first-time workers entering the formal job market declined in September, with both the Employees' Provident Fund (EPF) Scheme and Employees' State Insurance Corporation experiencing a decline in new enrollments. The EPF scheme saw a 6% drop in new enrollments, while the ESIC, catering to lower-paying jobs, saw a 4.7% decline.

Industry officials, however, said the impact of the cut down in hiring is mostly at the senior management and director levels, while companies continue to hire at the top, or the partners level. "Hiring of partners or people who bring in business is pretty aggressive. It is the middle that is suffering, also due to a fall in exits," said a partner.

The scramble for the best and the brightest legal talent has been ignited by a constantly changing regulatory environment, rising focus on corporate governance and ethical standards, and regularly evolving GST structures. This is leading to a massive churn in CLOs, said HR consultants and company officials.

Overall job creation, however, remains muted in the metros as companies tread cautiously amid macroeconomic and geopolitical headwinds, according to staffing companies such as Teamlease Services, Xpheno and Foundit.

The firms that participated in Cluster 2 for the PGP class of 2025 comprised seven cohorts - advertising and media, consumer electronics, consumer goods & durables, consumer services, conglomerates, retail B2B & B2C, and pharma and healthcare. "We saw a large pool of recruiters offering around 60 roles in the process," the institute said.

In October, white-collar job hiring in India experienced a 1% sequential decline and a 3% year-on-year decrease, impacted by heightened geopolitical tensions and macroeconomic challenges, according to findings from talent platform foundit (formerly Monster APAC & ME). Despite this, sectors tied to festive and year-end demand, such as hospitality, travel, tourism, retail, and shipping and marine, witnessed increased recruitment activity.