Hiring declines marginally by 1% in Nov: Report

Source: The Hitavada      Date: 12 Dec 2018 09:46:27


Business Bureau,

HIRING activity in the country witnessed a marginal year-on-year decline of 1 per cent in November due to the festive season of Diwali, led by auto, banking and financial services sectors, a report said on Tuesday. Industries such as auto and banking/financial services witnessed a dip of 4 per cent and 23 per cent, respectively, in November, according to the Naukri JobSpeak Index for November 2018.

The index has been calculated based on job listings added to the site month on month. July 2008 has been taken as the base month with a score of 1,000 and the subsequent monthly index is compared with data for July 2008. Meanwhile, the report revealed that the healthcare industry saw a remarkable rise during the reporting month in terms of hiring recording a 34 per cent growth annually.

The human resource/administration domain witnessed a growth of 10 per cent. Recruitment in the construction or engineering industry saw a growth of 11 per cent, while the fast moving consumer goods (FMCG) industry was up by 5 per cent. Other industries which witnessed an increase in hiring activity are Information Technology (8 per cent), insurance (12 per cent), business process outsourcing (BPO) (1 per cent), real estate (3 per cent), the report said. In city wise trend, Chennai witnessed an overall rise of 10 per cent in recruitments, while Bangalore saw a 7 per cent growth, Hyderabad 2 per cent and Pune 5 per cent.

Delhi/NCR witnessed a 2 per cent decline in hiring activity, however, there was an 8 per cent rise in the hiring activity for the fast moving consumer goods industry. Mumbai also saw a
dip in recruitment activity by 6 per cent.