White collar hiring in November has surged by 23 per cent, mainly led by non-IT sectors such as education, real estate, hospitality and travel, and insurance, says a report. October had registered a 9 per cent year-on-year decline in hiring due to advancement of Diwali dates this year while in November it rebounded with a 23 per cent growth, according to the Naukri JobSpeak Index report.
Amid growing concerns over artificial intelligence (AI) disrupting jobs, top technology industry leaders have a clear message for employees -- "stay calm and upskill".
White-collar hiring activity in December witnessed a 9 per cent increase compared to the same period of the previous year, driven by high-skill and strategic roles, a report said on Thursday. According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead.
Hiring trends in India's white-collar job market dipped marginally by 1.4 per cent in March compared to the same month last year, driven by a decline in recruitment in the retail, oil & gas, and education sectors, a report said on Wednesday.
Was led by sectors like software services, BPO and pharma.
While Chennai reported the least hiring activity, cities like Mumbai and Delhi also saw a dip of 5 per cent from its February performance.
Apart from the telecom and BPO sector, IT and banking sector and auto and pharma experienced significant year-on-year growth during August.
White-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG, a report said on Monday. On a month-on-month basis, however, there has been a growth of almost 6 per cent in job postings. In September, there were 2,835 white-collar job postings, down by 8.6 per cent compared to the same month last year when 3,103 jobs were posted, according to Naukri.com's monthly 'Naukri JobSpeak Index'.
'...yet struggles to convert that human capital into domestic productivity.'
Sector-wise, oil & gas witnessed monthly growth of 30 per cent in hiring while insurance sector registered an increase of 25 per cent compared to September.
Corporate India's hiring activity surged 28 per cent in August this year, on the back of continued improvement in business confidence and country's robust economic growth, job portal naukri.com said in a report.
The Naukri Job Speak Index -- which tracks monthly hiring activities online -- stood at 1,300 showing a 1 per cent growth in hiring, when compared to October 2013.
The Naukri Job Speak Index for last month stood at 1,649, up 20 per cent compared to July 2013.
This time the job portal has introduced its new and expanded job index, which takes into account not only the jobs posted online by its clients but also those made by them with the help of the website's telecalling team.
Year-on-year comparison shows a 14 per cent increase in hiring activity when compared to April 2013, the report said.
The improved job scenario in industries like oil and gas, auto, construction, pharma and insurance, pushed up hiring in seven cities of Delhi, Chennai, Pune, Ahmedabad, Chandigarh, Baroda and Jaipur, according to the report. On the other hand, Mumbai witnessed a decline in hiring activity by 5 per cent from January.
Hiring activity in the country touched an all-time high in July, witnessing a 11 per cent sequential increase, indicating a strong revival of economic growth and a recovery of business from the impact of COVID-19, a report said on Friday. With 2,625 job postings, hiring trends grew 11 per cent in July compared with 2,359 postings in June, the highest it has ever been, including the pre-COVID-19 timeline, according to the report by Naukri JobSpeak. The Indian job market has witnessed sequential growth for the second month in a row, with a 15 per cent rise in June, after the pandemic-linked decline in April and May, it stated.
Hiring activity in the country, which was hit by the second COVID wave, bounced back with a 15 per cent growth in June compared to May, according to a report. The activity was led by the IT-software/software services sector. The latest Naukri JobSpeak report on Thursday said that India's hiring trends grew 15 per cent in June with 2,359 job postings from 2,047 in May.
Last month, hiring trends were most bullish in the IT and auto sectors. Telecom and banking segments also saw improving recruitment activities.
The monthly Naukri Job Speak Index rose by two per cent last month as compared to April, indicating that hiring sentiment remains healthy.
As per Naukri.com and Monster.com employment indices -- a monthly gauge of online job demand -- there was a marginal rise in hiring activities in September.
India Inc's hiring activity witnessed a marginal decline in the month of April, owing to the ongoing appraisal season, but overall industries are upbeat about their hiring sentiment and 2011 is expected to be a landmark year for job creation, job portal Naukri.Com says.
According to the report, Naukri Job Speak Index stood at 1,600 for May 2014, a stable hiring scenario compared to the previous month.
For the month of September, the Naukri JobSpeak index stood at 1131, down 1.2 per cent compared to August, and registering a 6 per cent fall over the last three months.
Leading job portal Naukri.com said that hiring trends were better last month compared to January.
Recruitment activity in India is poised to improve this year, driven by sectors such as IT and ITeS, after hiring remaining largely unchanged in December from a month earlier.
The Naukri Job Speak index -- that indicates hiring activities online -- employment levels for India Inc in March was down 1.1 per cent compared to February.
Hiring activity continued to surge in the country's IT capital with the job index moving from 598 in October to 649 in November 2009, up by 8.38 per cent.
The demand for professionals working in banking and insurance and production maintenance also saw the maximum dip during October.
With life returning to normalcy gradually, hiring activities grew 24 per cent in September as compared to the previous month mostly driven by pharmaceutical and education sectors, according to a report. At 1,755 job postings, there was an improvement of 24 per cent in hiring activities last month compared to August with 1,413 listings, according to the Naukri JobSpeak Index for September 2020
Banking and IT lead; see September hiring rise 52%, 34% y-o-y, respectively.
In terms of the three-month moving average, the index inched up from 715 in August to 719 in September this year, making it one of the best months since April-May when the job index was as low as 664.
Info Edge (India), the country's leading consumer internet company known for its platforms in recruitment (naukri.com), real estate (99acres.com), matrimony (jeevansathi.com) and education (shiksha.com) space, delivered revenue growth in line with expectations in the April-June quarter (Q1) of FY25.
The stock of online classified major Info Edge (India) was up over 6 per cent on Friday on expectations of demand improvement for Indian IT companies. Strong revenue growth prospects for each of its online verticals - including recruitment, matrimony, real estate, education, and upside from its holdings in companies such as Zomato - had prompted Goldman Sachs to upgrade the stock. Info Edge's standalone revenue grew 10.6 per cent year on year (Y-o-Y) in Q2FY25, beating consensus. 99acres (+16.9 per cent Y-o-Y) and Jeevansathi (+33 per cent Y-o-Y) were drivers of growth while recruitment grew 8.5 per cent Y-o-Y.
The phased reopening and regulated relaxations of many key industries have paved the way for a slight recovery in hiring activities but hiring is still down by 47 per cent in July 2020 compared to the same month last year.
Hiring saw a significant push in the country in November across all sectors with auto, insurance and telecom sectors witnessing a double-digit percentage growth.
The Naukri Job Speak Index, which keeps a track of recruitment trends on a monthly basis, jumped 11 per cent to 1,749 last month.
In signs of sluggishness in the labour market, hiring activities declined in May as employers remained cautious tracking macro economic conditions.
With economic activities gathering pace post easing of lockdowns across the country, hiring activities in most sectors have shown significant recovery in October over the previous month, says a report. On yearly basis, however, the overall hiring was down by 17 per cent in October, according to the Naukri JobSpeak Index for October' 2020.
Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs. The big driver is optimism about a pickup in the jobs market, which benefits Naukri.com and could mean upgrades in Q4FY24 expectations. The JobSpeak Index, which Naukri.com releases on a monthly basis, is showing a "transformative shift".
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