Festive cheer: Hiring picks up ahead of festive season; Naukri JobSpeak
Insurance sector led the charts as it recorded a sequential growth of +90% YOY in September 2022, while growing by +71% YTD. Apart from insurance, real estate has also significantly jumped in hiring intent as it grew by +66% Y-O-Y. Other sectors such as BFSI (+64%), travel & hospitality (+48%), oil & gas (+43%), auto (+23%), FMCG (+20%), and retail (+17%) also continue to do well, according to Naukri release
Source | economictimes.indiatimes.com | Prachi Verma
Ahead of the festive season, the Indian job market has picked up pace with companies ramping up their operations, according to the Naukri JobSpeak report. There was a spurt in hiring activity in September 2022 with the Naukri JobSpeak index touching 3103 and recorded a double-digit growth at +13% YOY and +10% sequential growth.
Insurance sector led the charts as it recorded a sequential growth of +90% YOY in September 2022, while growing by +71% YTD. Apart from insurance, real estate has also significantly jumped in hiring intent as it grew by +66% Y-O-Y. Other sectors such as BFSI (+64%), travel & hospitality (+48%), oil & gas (+43%), auto (+23%), FMCG (+20%), and retail (+17%) also continue to do well, according to Naukri release.
However, the IT sector slowed down recording -6% YOY de-growth in September 2022 vs September 2021 but on month-on-month hiring activity has gone up by +8% indicating signs of recovery. Apart from IT, even medical/healthcare (-6%) also recorded degrowth in September 2022.
