Hiring activity remains flat in November due to festive season: Report

By: Careers Desk | New Delhi |

December 5, 2020 12:32:56 pm

The hiring activity in November declined by 28 per cent from final 12 months. Representational/

No change in hiring activity has been noticed in November as in contrast to October. The hiring curve has remained flat due to Diwali, and the festive season, in accordance to the Naukri JobSpeak index. The report analysed that the hiring activity was barely declined in November by 2 per cent at 1,727 on the account of the Diwali holidays as in contrast to 1,759 final month. Also, the hiring activity declined by 28 per cent from final 12 months.

According to the report, the IT-Software, medical/ healthcare sectors registered a sequential development in hiring final month. “The IT sector grew by 10 per cent in November. The medical/ healthcare sector also grew by 4 per cent last month. Other key sectors such as BFSI (-3 per cent), telecom (+1 per cent) and pharma/ biotech (-1 per cent) remained flat, while industries such as insurance (-17 per cent), auto (-17 per cent), and hospitality/ travel (-10 per cent) saw a decline in month on month hiring in November,” the report talked about.

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The demand for professionals was most in IT and HR/ administration which witnessed a rise of 10, 5 per cent respectively. Additionally, demand for pharma/ biotech (0 per cent) and authorized (+1 per cent) professionals remained flat sequentially. Hiring for roles in the journey (-51 per cent), TV/ movie manufacturing (-18 per cent), and Sales/Business Development (-12 per cent) domains noticed a sequential decline.

Pawan Goyal, Chief Business Officer, mentioned, “November sees a decline in Y-O-Y hiring activity owing to the impact of the festive period. Key sectors such as IT and medical/ healthcare continue to grow during the pandemic. Over the last 6 months, we have seen a sequential lift in hiring activity and are hopeful that as organisations adjust to the new normal and focus on growth plans, this momentum will continue in the next quarter as well.”

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The prime six metro cities witnessed a sequential development in hiring together with Bengaluru and Hyderabad by 10 per cent, whereas Mumbai witnessed a marginal decline by 2 per cent, tier-2 cities corresponding to Ahmedabad, Kochi, and Vadodara registered a sequential decline in hiring.

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