According to a report published by Naukri JobSpeak, the recruitment activity in the white collar professional segment has increased by 4 per cent in December 2022 as compared to the same month last year.
According to Naukri JobSpeak, there has been a 4 per cent increase in job postings on the Naukri platform with 2,890 job postings for white-collar jobs in December 2022. 2,770 jobs were posted in December 2021.
Naukri Jobspeak is a monthly index representing the state of the Indian job market and recruitment activity based on job-related searches as well as new job listings by recruiters on the job resume database.
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The report further states that the momentum generated in the beginning of 2022 is likely to be sustained till the second half of this year except in a few key sectors.
However, a sector-wise analysis comparing December 2022 with the first half of 2022 (January-June period) revealed a mixed trend.
Growth in domestic economy-driven sectors and non-metro cities has offset the slowdown seen in IT and BPO, resulting in sequential stability at the aggregate level.
Compared to December 2021, many sectors saw steady growth, but the mix changed in the second half of 2022, with domestic-economy driven sectors registering strong growth.
As per the report, in December 2022, the numbers showed a strong growth of 51 per cent in the recruitment activity for the insurance sector as compared to the first half of 2022.
Other sectors, which registered an upward trend compared to the first half of 2022, include oil (33 per cent), banking (24 per cent), real estate (21 per cent) and auto (12 per cent).
However, IT and BPO sectors linked to global markets declined by 19 per cent and 9 per cent respectively in December from the first half of the year, with startup hiring being the most affected.
Meanwhile, among non-metros, Ahmedabad led the list with a growth of 39 per cent, followed by Vadodara at 29 per cent and Jaipur at 16 per cent.
Among the top tier metro cities, Delhi/NCR and Mumbai saw a 12 per cent increase in recruitment activity compared to the monthly average for the first half of the year.
A similar trend was also observed for Kolkata, where new jobs increased by 3 per cent, the report said.
In contrast, Chennai, Pune, Hyderabad and Bengaluru, largely dependent on the IT sector, saw declines of 4 per cent, 7 per cent, 11 per cent and 15 per cent, respectively.
“The Indian job market exhibited favorable hiring activity in 2022 with a 20 per cent increase in new job creation compared to the full year base of 2021. However, we see recovery in the latter half in key sectors such as IT and BPO The current year is being offset by an increase in recruitment activity in non-IT sectors such as insurance, banking and real estate.
This confirms the multi-sectoral and balanced footprint of the Indian white-collar job market.
Naukri.com Chief Business Officer Pawan Goyal said, “As we enter 2023, the positive trends seen in non-IT sectors and smaller towns keep us cautious and optimistic about 2023.”
(with PTI inputs)
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