According to a recent report, white-collar hiring activity saw a modest 2% growth in November compared to the same month last year.
This positive trend was primarily driven by sectors such as oil and gas, artificial intelligence-machine learning (AI/ML), and fast-moving consumer goods (FMCG).
White Collar Jobs: Key Drivers of Growth
The Naukri JobSpeak Index, which tracks the state of the Indian job market, reported that the growth was mainly due to strong performances in key non-IT sectors.
Oil and Gas saw a 16% increase, Pharma/Biotech experienced a 7% rise, FMCG grew by 7%, and Real Estate saw a 10% increase.
Additionally, emerging domains like AI/ML and global capability centers (GCCs) also showed sustained momentum with growth rates of 30% and 11% respectively.
While the non-IT sectors showed significant growth, the IT sector remained steady, registering a flattish trend compared to last year.
This indicates that while there is a positive trend in white-collar hiring, the IT sector is not experiencing the same level of growth as other sectors.
Geographic Trends and Festive Season Impact
Geographically, cities in Rajasthan demonstrated remarkable resilience.
Jaipur saw a 14% year-on-year growth, Udaipur experienced a 24% increase, and Kota had a 15% rise in hiring activity.
Towards the eastern end, Bhubaneswar also showed impressive growth with a 21% year-on-year increase.
The report noted that hiring activity typically sees muted trends during the festive season, and the 2% growth in November broadly reflects this trend.
However, the combined hiring trends for October and November indicate good resilience in the job market.
White Collar Jobs: Insights from Naukri.com
Pawan Goyal, Chief Business Officer at Naukri.com, commented on the findings, stating that the rise in non-IT fresher hiring is a positive development for younger talent.
He also mentioned that the overall hiring trends reflect good resilience despite the festive season.
The report highlights a positive trend in white-collar hiring activity for November, driven by strong performances in key non-IT sectors and sustained momentum in emerging domains.
While the IT sector remains steady, the overall job market shows resilience and positive growth.
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