White collar hiring in India witnessed a 16 per cent decline in December in comparison with the year-ago interval on account of cautious hiring sentiments in the IT, BPO, training, retail, and healthcare sectors, a report stated on Tuesday.
“We observed marginal sequential growth of 2 per cent in December hiring activity compared to November, driven by non-IT sectors. However, the IT sector continued to be significantly impacted, pulling the overall index down by 16 per cent against last year, signalling a longer wait for a complete recovery in IT hiring,” Naukri.com Chief Business Officer Pawan Goyal stated, analysing the Naukri JobSpeak Index.
Sector-wise developments
The Naukri JobSpeak Index delineated declines in varied sectors in December: BPO, training, retail, and healthcare skilled a 17 per cent, 11 per cent, 11 per cent, and 10 per cent discount in job choices, respectively, year-on-year.
The IT sector mirrored developments seen in the latter half of 2023, dealing with a 21 per cent decline in December in comparison with the identical month in the earlier 12 months and a 4 per cent drop from November 2023. Despite this, particular roles like full-stack information scientist, IT infrastructure engineer, and automation engineer witnessed regular hiring in the cautious IT job market.
While the oil and gasoline sector did not witness vital progress in new job gives in December 2023, it maintained a established order in comparison with the identical month in the earlier 12 months.
The report highlighted the hospitality sector’s steady progress momentum, witnessing a 4 per cent improve in hiring in comparison with December of the prior 12 months. This progress was notably outstanding in Mumbai and Delhi-NCR, with senior professionals boasting over 16 years of expertise being extremely sought-after candidates.
In the pharma sector, December 2023 noticed a 2 per cent uptick in hiring in comparison with the identical interval in 2022, with most progress noticed in new job gives in Ahmedabad, Vadodara, and Mumbai.
Non-metro cities outshined metros in hiring for December 2023. Vadodara notably exhibited a 3 per cent annual progress in new job choices, surpassing the expansion seen in metros. In distinction, cities like Chennai, Bengaluru, Hyderabad, Pune, and Kolkata skilled declines starting from 16 per cent to 24 per cent in new job gives.
(With PTI inputs)
