Naukri JobConverse Index, the job index for white collar hiring in India, stood at 2433 for the mixed October-November months, down 12% in comparison with the identical interval in 2022. Given Diwali was in Oct final 12 months, it turns into crucial to membership the 2-month knowledge and normalise for a comparable base.
IT hiring exercise has stabilised during the last 6 months, albeit at a decrease baseline vs 2022, whereas key non-IT sectors nonetheless managed to develop within the stated interval, the report stated.
Also Read: India’s Job Postings Trend: Govt, PSUs, Defence See 14% Upsurge In Hiring, Says Report
Naukri.com stated that the Naukri JobConverse is a month-to-month index representing the state of the Indian job market & hiring exercise based mostly on new job listings and job-associated searches by recruiters on the resume database of the platform.
Major Sectors that Logged in Positive Momentum
Oil & Gas
Oil & Gas sectors recorded good momentum, clocking a 9% bounce in hiring within the October-November interval as in comparison with final 12 months. The development may be attributed to the fast growth by power firms and the establishing of recent refineries throughout the nation.
Top Roles In Oil & Gas
Machine Operator / Machinist, Instrumentation Engineer, and Maintenance Head have been among the job roles that noticed good demand within the sector rising 39%, 25% & and seven% in comparison with the 2-month interval in 2022.
Pharma
The Pharma sector registered a 6% enhance in new job presents within the October-November interval of 2023 as in opposition to the within the October-November interval of 2022.
Top Roles In Pharma
Lab Technician, Clinical Assistant, and Store Keeper job roles witnessed excessive demand within the sector within the twin months of October-November of 2023 rising 18%, 1% & 30% over the identical interval final 12 months.
Insurance
Insurance was one other main business that noticed optimistic momentum. Hiring within the sector grew by 5% within the October-November interval of 2023 over the identical interval of 2022.
Top Roles In Insurance
Branch Sales Executive, Area Sales Manager, and Branch Sales Manager have been among the roles that noticed development of 16%, 12% & and 17% within the October-November interval of 2023.
IT Sector Slowdown In Hiring
The IT sector continued to stay impacted and the general hiring within the business was 22% decrease within the October-November interval vs the 2022 base. The silver lining is that regardless of witnessing substantial corrections within the first half of 2023, the sector reported a 1% development in November regardless of Diwali, over October 2023. New Job openings in AI-associated fields like Machine studying engineer and Full stack knowledge scientist elevated by 64% & and 16% as in comparison with October-November 2022.
Non-metros Outshine their Bigger Counterparts
The non-metros, as soon as once more, outperformed the metros when it comes to hiring. Vadodara clocked an honest 9% development in new job presents within the final two-month interval as in opposition to the identical interval of 2022. Ahmedabad stayed flat, that’s, carried out on the similar degree within the October-November interval of 2023 over the October-November interval of 2022.
Metros Delhi NCR and Mumbai clocked unfavorable development of 12% every. The IT-targeted cities of Bangalore, Hyderabad, Chennai, and Pune recorded unfavorable development of 20%, 18%, 21%, and 18% within the October-November interval of 2023 as in comparison with the October-November interval of 2022.
Senior Professionals Continue to be Favourites
Organisations continued to point out choice for senior professionals when it comes to hiring, a pattern seen in most of 2023. Hiring for senior professionals with greater than 16 years of expertise went up by a large 26% within the October-November interval of 2023 as in opposition to the October-November interval of 2022.
For professionals falling within the expertise class of 13-16 years, new job presents went up by 6%. For professionals falling within the expertise class of 8-12 years and 4-7 years, hiring dipped by 6% and 22% respectively.
For freshers, new presents recorded unfavorable development of 13% within the newest two-month interval over the identical interval of 2022.
Pawan Goyal, chief enterprise officer, Naukri.com, stated, “It was encouraging to see core non-IT sectors like Oil & Gas, Pharma and Insurance growing at a healthy clip during a cluttered festive period. November’s 1% growth in IT vs October could be a much awaited positive sign, as we eagerly await next month’s trends.”
