New Delhi, November 3 (IANS). While hiring slowed down during the festive season of Diwali and Dussehra, India’s white collar job market recorded strong activity in education, accounting, financing, BPO/ITES and specialized tech roles during October. This information was given in a report on Monday.
According to the report of recruitment platform Naukri, India’s white-collar hiring has registered a growth of 3 percent year-on-year.
Recruitment activity often slows down during the Diwali-Dussehra festive season. In this series, Naukri Jobspeak Index recorded 2,480 points during October, which shows a decline of 9 percent on an annual basis.
While on one hand there was a slow pace of recruitment in most of the sectors due to the festive season, on the other hand, accounting and finance, education, BPO/ITES recorded an annual growth of 15 percent, 13 percent and 6 percent respectively.
Regarding hiring in the education sector, Hyderabad recorded a strong performance with 47 percent growth, followed by Chennai and Bengaluru.
The report shows that the education sector has witnessed a sharp growth of 25 percent in the hiring of freshers with less than 3 years of experience. At the same time, hiring by startups in the education sector has registered an impressive growth of 77 percent on an annual basis.
The platform’s data shows that sectors related to emerging technology have seen a growth of 60 per cent year-on-year, indicating continued investment in future-forward skills. Sectors related to these technologies include companies working in blockchain and cryptocurrency.
Hiring at IT unicorns remained stable last month. At the same time, there was a 6 percent growth in hiring activity for BPO/ITES on an annual basis, which was supported by a 20 percent growth in entry-level hiring. Emerging cities and metro cities had an excellent performance in this.
The report shows that the demand for high-skilled talent is continuously increasing, with a 139 percent increase in hiring for machine learning engineers. Hiring for roles such as search engineers, medical billers/coders, transition managers and manufacturing engineers has seen a 30 to 62 percent increase, which is an impressive hiring performance.
–IANS
SKT/