India / Hiring activity dipped by 4% according to Naukri Job Speak Index

There has been a 4% decline in recruitment activity in November compared to October, with most of the key industry sectors and functional areas experiencing a dip in their hiring activity on the Naukri Job Speak Index. The index is a monthly indicator of jobs on the online portal. The dip in hiring on the index has been attributed to the uncertain economic outlook and the festive season.

“There is usually a dip in hiring during the festive season. However, this year recruiters are cautious and any short -term recovery may not be sustained because of the uncertain economic background,” Hitesh Oberoi, CEO and MD, Info EdgeBSE -0.42 % said in a statement.

Barring the pharma sector, where hiring picked up by 7% in November over October, and the construction and BPO sector which saw stable hiring levels, all other sectors saw dips in hiring activity. The telecom sector was the worst hit- a 20% dip in November compared to October, while auto, insurance, oil and gas and banking saw their hiring activity dip within the range of 5% and 9% respectively during the same time period. Hiring activity in the IT-Software sector dipped by 3% compared to October.

Choosen excerpts by Job Market Monitor from

via Hiring activity dipped by 4% in November over October this year: Naukri Job Speak Index – The Economic Times.