Hiring Activity Slips 7% In December Amid Uncertainty: Report
New Delhi: Hiring activity registered a 7 per cent decline in December amid uncertainty and this trend may continue for few more months, says a Naukri.com report.
The Naukri JobSpeak index for December 2016 stood at 1,659, which is 7 per cent lower compared with December 2015. The fall in the index is reflected in a decrease in hiring in key metro cities like Delhi-NCR, Mumbai and Bengaluru.
"Post an impressive 14 per cent growth in November the Jobspeak index has shown a negative growth of 7 per cent in December. But for BFSI, Insurance and ITES almost all the sectors are showing negative growth," Naukri.com chief sales officer  V Suresh said.
"Looks like there is some uncertainty and this may continue for few more months," Mr Suresh added.
Although December 2016 was a slow month for hiring, the banking Industry has seen a considerable uptick with jobs increasing by 14 per cent on a year-on-year basis, while insurance jobs went up by 19 per cent.
On the other hand, the IT software industry saw a 4 per cent fall, while jobs in the telecom/ISP industry saw a 24 per cent fall, construction and engineering jobs decreased by 32 per cent, and oil & gas and power, infrastructure jobs fell by 30 per cent in December 2016 compared to December 2015.
Top metros like Delhi/NCR, Mumbai and Bengaluru witnessed a decline in hiring activity by 12 per cent, 2 per cent and 6 per cent, respectively.
Amongst other metros, the jobs index recorded a growth of 5 per cent in Hyderabad and 4 per cent in Pune, while it stayed flat in Chennai and Kolkata when comparing December 2016 data with December 2015.
Hiring in the 0-3 years experience bracket fell 9.2 per cent.
The maximum number of jobs continued to be in the 0-3 years category, while jobs for over 16 years of experience stayed buoyant compared with the year-ago period, the report noted.
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