White-collar hiring declines 8.6% in September: Report

White-collar hiring declined 8.6 per cent annually in September, following a negative trend in sectors including IT, BPO or ITES and FMCG, a report said on Monday.

There were 2,835 white-collar job postings, which marked an 8.6 per cent decline compared to the same month in the previous year when 3,103 jobs were posted. These findings are part of Naukri.com's monthly 'Naukri JobSpeak Index,' which provides insights into the state of the Indian job market and hiring activity based on new job listings and recruiter searches on Naukri.com's resume database.

The report highlighted that the IT sector has been facing global challenges, resulting in a decline in hiring numbers over the past few months. BPO/ITES and FMCG sectors also experienced negative growth, with declines of 25 per cent and 23 per cent, respectively.

Growth in job postings 

Despite these declines, there was a month-on-month growth of almost 6 per cent in job postings. The banking sector, in particular, showed robust growth, offsetting some of the negative trends in other industries. Overall, the index for job postings grew by 6 per cent sequentially, indicating the resilience of the Indian job market, driven by sectoral diversity, according to Pawan Goyal, Chief Business Officer at Naukri.com.

The report also noted significant growth in the hospitality and travel industry, driven by increased travel during the monsoon season. Mumbai saw the highest number of job offers in this sector, with roles such as restaurant manager and guest services in high demand in September.

Other sectors that experienced growth in September included banking, financial services, and insurance (BFSI), as well as the healthcare sector, both of which recorded 7 per cent yearly growth. Roles like branch manager and financial consultant were in high demand.

The oil and gas and auto sectors also recorded 6 percent growth in September compared to the same month the previous year.

Additionally, the report highlighted that non-metro cities outperformed metro cities in terms of job creation in September 2023. Cities such as Vadodara, Ahmedabad, and Jaipur saw 4 per cent, 3 per cent, and 2 per cent growth, respectively, in hiring compared to the same month the previous year.

In September, there were 2,835 white-collar job postings, which marked an 8.6 per cent decline compared to the same month in the previous year when 3,103 jobs were posted. These findings are part of Naukri.com's monthly 'Naukri JobSpeak Index,' which provides insights into the state of the Indian job market and hiring activity based on new job listings and recruiter searches on Naukri.com's resume database.

The report highlighted that the IT sector has been facing global challenges, resulting in a decline in hiring numbers over the past few months. BPO/ITES and FMCG sectors also experienced negative growth, with declines of 25 percent and 23 per cent, respectively.

Despite these declines, there was a month-on-month growth of almost 6 per cent in job postings. The banking sector, in particular, showed robust growth, offsetting some of the negative trends in other industries. Overall, the index for job postings grew by 6 per cent sequentially, indicating the resilience of the Indian job market, driven by sectoral diversity, according to Pawan Goyal, Chief Business Officer at Naukri.com.

The report also noted significant growth in the hospitality and travel industry, driven by increased travel during the monsoon season. Mumbai saw the highest number of job offers in this sector, with roles such as restaurant manager and guest services in high demand in September.

Other sectors that experienced growth in September included banking, financial services, and insurance (BFSI), as well as the healthcare sector, both of which recorded 7 per cent yearly growth. Roles like branch manager and financial consultant were in high demand.

The oil and gas and auto sectors also recorded 6 per cent growth in September compared to the same month the previous year.

Additionally, the report highlighted that non-metropolitan cities outperformed metropolitan cities in terms of job creation in September 2023. Cities such as Vadodara, Ahmedabad, and Jaipur saw 4 per cent, 3 per cent, and 2 per cent growth, respectively, in hiring compared to the same month the previous year.

(With PTI Inputs)