Recruitment increased by 27 percent in November, insurance sector at the forefront, 20 percent increase in Delhi-NCR.
The insurance sector saw a strong growth of 42 per cent. The banking and real estate sectors grew by 34 per cent and 31 per cent, respectively. There has been a jump of 24 per cent in the oil sector.
The country’s job market has reached pre-festive season levels in November. A growth of 27 per cent on a monthly basis and 43 per cent on an annual basis was recorded. According to a report, a comparison of the boom times of the first half of this year reveals a mixed trend. It saw high growth in recruitment activities.
The insurance sector saw a strong growth of 42 per cent. The banking and real estate sectors grew by 34 per cent and 31 per cent, respectively. There has been a jump of 24 per cent in the oil sector. The travel-hospitality and vehicle sectors registered a growth of 20 per cent and 14 per cent. Hiring in IT declined by 8 per cent in the first half compared to the monthly average.
The education sector declined by 6 per cent, with a slowdown in ed-tech and retail. Retail has declined by 7 percent. Recruitment activities in Pharma, BPO and Telecom have been sluggish. Among non-metros, Ahmedabad saw a growth of 33 per cent. An increase of 23 per cent was recorded in Vadodara, 15 per cent in Jaipur and 8 per cent in Coimbatore. The demand for experienced professionals has increased. There has been a 21 per cent increase in the demand for senior level professionals.
20 percent increase in Delhi-NCR
Delhi-NCR registered the highest growth of 20 per cent in new jobs as compared to the monthly average of H1. The growth rates in Mumbai, Kolkata and Chennai were 17 per cent, 10 per cent and 8 per cent respectively.
Hyderabad and Bangalore saw another 5 per cent decline, while Pune gained 5 per cent. There was stability in Kochi and Chandigarh.