Office recruitment declined by 8.6 per cent year-on-year in September amid negative trends in the information technology (IT), business process outsourcing (BPO)/ITES and FMCG sectors. This was said in a report released on Monday. However, there has been an increase of about six percent in recruitment on a monthly basis.
According to Naukri.com’s monthly ‘Naukri JobSeek Index’, 2,835 recruitments were made for office work in September, which is 8.6 percent less than the same period last year. Last year, 3,103 people were recruited in the same period. Naukri Jobspeak is a monthly index that reflects the state of the Indian job market and recruitment activities based on new jobs and job searches listed by companies on Naukri.com’s ‘Biodata Database’.
According to the survey, the IT sector is facing global headwinds and has seen a decline in the number of hiring in the last few months. Also, BPO/ITES and FMCG also recorded negative growth of 25 per cent and 23 per cent respectively during this period. Pawan Goyal, Chief Business Officer, naukari.com, said, “While the IT sector continues to be impacted, the banking sector Strong growth is good news. The six percent sequential increase in the overall index underlines the resilience of the Indian job market based on regional diversity.
Ahead of metros in terms of employment generation in 2023: The hospitality and travel industry witnessed maximum growth as families and solo travelers traveled significantly during the monsoon season, the report said. Meanwhile, the report found that smaller cities remained ahead of metros in terms of job creation in September, 2023. Vadodara, Ahmedabad and Jaipur cities saw an increase of four percent, three percent and two percent respectively in recruitment in September compared to the same month last year.
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