White-Collar Hiring Dips 8.6% In September, Recruitment In IT Sector Drags: Naukri JobSpeak Index

The index noted that white-collar hiring declined by 8.6 per cent in September to 2,835 job postings in the month, compared to 3,103 job postings recorded in the same period last year. 

The BPO/ITES and FMCG sectors witnessed a negative hiring growth of 25 per cent and 23 per cent respectively in the month. 

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White-collar hiring dipped in September following a downward trend in sectors like IT, BPO or ITES, and FMCG, Naukri.com’s monthly ‘Naukri JobSpeak Index’ revealed on Monday. The index noted that white-collar hiring declined by 8.6 per cent on an annual basis in September to 2,835 job postings in the month, compared to 3,103 job postings recorded in the same period last year. 

The monthly index indicates the condition of the Indian job market and hiring activity on the basis of new job listings and job-related searches by recruiters on the resume database of Naukri.com. The index further revealed that on a monthly basis, job postings grew by almost 6 per cent in September, reported PTI. 

The survey noted that the IT sector continued to face global headwinds and reported a dip in the hiring numbers in the last few months, and the BPO/ITES and FMCG sectors also witnessed a negative growth of 25 per cent and 23 per cent respectively in the month. 

Pawan Goyal, chief business officer at Naukri.com, noted, “While the IT sector continues to stay impacted, robust growth in the banking sector is a bright spot. Coupled with the fact that the overall index sequentially grew 6 per cent, this underscores the resilience of the Indian job market, anchored in sectoral diversity.”

The index further found that the hospitality and travel sector witnessed maximum growth, as families and solo travellers took full advantage of the monsoon season. Job offers in the industry were the highest in Mumbai with jobs for restaurant managers and guest services in highest demand in September. 

Banking, financial services and insurance (BFSI), and healthcare sectors each reported a growth of 7 per cent annually in September. The survey noted that branch manager and financial consultant roles remained in maximum demand. Oil and gas, and auto sectors logged 6 per cent growth each in September on a year-on-year (YoY) basis. 

The survey also found that non-metro cities maintained an upper hand in job creation over the metros in September. Vadodara, Ahmedabad, and Jaipur reported 4 per cent, 3 per cent, and 2 per cent growth respectively in hiring in September this year, compared to the same period last year.