A recent
report posted on The Economic Times talks about how White
collar hiring in major sectors like Oil and Gas, Banking, and FMCG showed
steady improvement, with a 6% increase in May compared to April, driven by
Healthcare and Travel and Hospitality. However, overall white-collar hiring was
down by 2 per cent year-on-year, with declines in IT, BPO, and Education
sectors.
White
collar hiring in major sectors like Oil and Gas, Banking, and FMCG showed
steady improvement, with a 6% increase in May compared to April, driven by
Healthcare and Travel and Hospitality. However, overall white-collar hiring was
down by 2 per cent year-on-year, with declines in IT, BPO, and Education
sectors.
Smaller
cities outperformed major metropolitan areas, with strong demand for senior
professionals contributing to a healthy growth in opportunities.
White
collar hiring has begun improving steadily on the back of major sectors like
Oil and Gas, Banking and FMCG, a report said on Wednesday. Hiring activity grew
by 6 per cent in May compared to April driven by sectors like Healthcare and
the Travel and Hospitality, according to the report.
Most
sectors reported mid-single-digit growths, however, decline in hiring in IT (0
per cent YoY), BPO (3 per cent) and Education (5 per cent) dragged down the
overall Naukri JobSpeak Index, it stated.
Major
sectors such as Oil and Gas (14 per cent),
Banking (12
per cent) and FMCG (17 per cent) notched up healthy growth, while Healthcare
and Travel and Hospitality, each showcased a robust 8 per cent growth, said the
report."The consistent job growth in the AI-ML domain stands out as a
major positive and signals that the Indian economy and its talent pool is well
aligned with the global tailwind on
AI.
Moreover, despite the May index staying within 2 per cent of 2023 base, we saw
healthy growth in most Non-IT sectors, cementing our
¡ob
market's diversified footprint further,"
Naukri.com
Chief Business Officer Pawan
Goyal said.
The Naukri
JobSpeak is a monthly Index representing the state of the Indian job market and
hiring activity based on new job listings and job-related searches by
recruiters on the resume database of Naukri.com platform.
and
job-related searches by recruiters on the resume database of Naukri.com
platform.
The report
further revealed that the hiring in mini-metros continued to outpace major
metropolitan areas.
This trend
highlights the growing economic vibrancy and employment opportunities in
smaller urban centres, driven by factors such as urbanisation, infrastructure
development, and decentralisation of economic activities, it stated.
Non-metro
cities like Surat (23 per cent) and Raipur (22 per cent) emerged as hiring
hotspots, while metro cities like Delhi-NCR, Chennai, and Hyderabad witnessed
stable hiring trends with a slight improvement in the hiring trend in Pune, it
added.
Meanwhile,
the report stated that the demand for experienced professionals remained
high,hotspots, while metro cities like Delhi-NCR, Chennai, and Hyderabad
witnessed stable hiring trends with a slight improvement in the hiring trend in
Pune, it added.
Meanwhile,
the report stated that the demand for experienced professionals remained high,
with roles for candidates with over 16 years of experience clocking a
remarkable 23 per cent surge in hiring activity.
In
contrast, the job market for freshers remains relatively flat, highlighting the
challenges faced by early-career professionals in securing entry-level
positions amidst stiff competition and evolving skill requirements,
added the report.