Hiring declines marginally by 1% in November; Auto, BFSI witness dip while healthcare records 34% growth

Mumbai: Hiring activity in the country witnessed a marginal year-on-year decline of 1 percent 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 percent and 23 percent, 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 percent growth annually. The human resource/administration domain witnessed a growth of 10 percent. Recruitment in the construction or engineering industry saw a growth of 11 percent, while the FMCG industry was up by 5 percent.

Other industries which witnessed an increase in hiring activity are IT (8 percent), insurance (12 percent), BPO (1 percent), real estate (3 percent), the report said.

In city wise trend, Chennai witnessed an overall rise of 10 percent in recruitments, while Bangalore saw a 7 percent growth, Hyderabad 2 percent and Pune 5 percent.

Delhi/NCR witnessed a 2 percent decline in hiring activity, however, there was an 8 percent rise in the hiring activity for the FMCG industry. Mumbai also saw a dip in recruitment activity by 6 percent.