Sectors such as BPO, education, retail and healthcare showed cautious hiring activity, with year-on-year declines of 17%, 11%, 11% and 10% respectively.
Recruitment of office workers in India saw a significant decline of 16% in December compared to the same month last year. A cautious hiring sentiment prevails across various sectors, including IT, BPO, education, retail and healthcare, according to a report released on Tuesday. Here’s the industry analysis:
The IT industry’s struggles continue:
According to Naukri JobSpeak Index, the IT sector continues to face many challenges, contributing to a 16% decrease in the overall index. The sector saw a significant 21% increase in hiring compared to December 2022 and a 4% decrease compared to November 2023. Despite the general caution in the IT industry, some positions, including full-stack data scientists, IT infrastructure engineers, and automation engineers, are still seeing quite good hiring activity.
Growth in the hospitality sector:
The hospitality sector continued its growth momentum, seeing a 4% increase in recruitment compared to December last year. The highest employment growth in this sector was recorded in Mumbai and Delhi-NCR.
Be cautious in many areas:
Sectors such as BPO, education, retail and healthcare showed cautious hiring activity, with year-on-year declines of 17%, 11%, 11% and 10% respectively.
Stability of the oil and gas industry:
Although the oil and gas industry did not see significant growth in new jobs in December 2023, it remained on par with the same month last year. The rise of the pharmaceutical industry:
The pharmaceutical industry saw a 2% increase in hiring in December 2023 compared to the corresponding month of 2022, with maximum growth in new job openings in Ahmedabad, Vadodara and Mumbai.
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