Hiring sentiment continued to be weak across the country in November.
India Inc witnessed a four per cent decline in recruitment in November compared with October this year, a report by online job portal Naukri.com has revealed.
“The dip can be attributed to the festive season across the month as well as the uncertain economic outlook. … IT-software sector, which is the biggest job creator in the country, has seen five consecutive months of dip in hiring activity,” the report said.
Major metros such as Mumbai, Delhi and Chennai saw negative hiring trend in the same period. The metros saw negative movements of eight per cent, three per cent and one per cent.
Pune saw a six per cent dip in hiring activity over a month-on-month basis.
According to the report, ‘A Report on Hiring Activity in India’, Kolkata and Hyderabad witnessed positive growth figures, with hiring activity picking up by 15 per cent and 5 per cent in November vis-à-vis October. Hiring in Bangalore remained stable during this period.
Sector Indices
Hiring across some of the key sectors such as IT-Software, auto and auto ancillary, banking and financial services, telecom, insurance and capital goods saw a decline between October and November.
The telecom sector – with a 20 per cent decline – saw the highest decline in hiring followed by the auto and ancillary sector (10 per cent), insurance (nine per cent), banking and financial services (six per cent).
The pharma and biotech sector saw a positive hiring of seven per cent, while hiring in the BPO & ITeS and construction and engineering sectors remained stable.
The demand for professionals in HR and BPO sector remained stable in November.
Demand for sftware service professionals saw a marginal one per cent dip in during the same time period.
For banking and sales professionals, it was a decline of of around two per cent and three per cent respectively between October and November.