According to the Naukri JobSpeak Index report released on Tuesday, the hiring for white-collar jobs in India falls by 19% compared to July 2022.
Naukri JobSpeak Index also revealed that the job postings for white-collar hiring in July stood at 2,573, down 8 percent compared to the previous month.
“Positive hiring trends witnessed across domestic sectors such as oil and gas, real estate, and hospitality, along with stable hiring for AI-related roles, showcase the adaptability and diversification of the Indian job market,” said Pawan Goyal, chief business officer at Naukri.com.
What is Naukri JobSpeak?
It is a monthly index representing the state of the country’s job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com.
The report reveals that hiring has seen a dip as compared to year- on- year basis in many sectors, including FMCG, retail, insurance, and education, and witnessed cautious recruitment sentiments.
- The new job openings in AI-related fields stayed flat around 31,780 compared to 32,205 in June.
- The demand for full-stack AI scientists grew up in July and was up by 9 percent and ML engineers grew up in July and was up by 6 percent both are compared to the beginning of the year.
The hiring was driven by oil and gas, pharma, and auto sectors. Additionally, the reports have revealed that in terms of cities, Jaipur and Vadodara showed a steady rise in hiring.
The IT industry hiring continued to remain an area of concern, with a 46 per cent decline in new jobs created compared to July last year.
FMCG, retail, BPO, insurance, and education sectors showed cautious hiring sentiments with a 16-23 per cent decline in new job creation compared to July last year.
Jaipur has shown an increase of 4 percent and Vadodara has shown an increase of 2 percent in hiring trends compared to July last year.