White-collar hiring has witnessed a decline of 8.6% in September this year as compared to the same month of last year in India, a new report showed today.

Hiring scenario in Sept 2023

According to data by an employment website, white-collar hiring stood at 2,835 in September 2023, representing a growth of almost 6% over the previous month.

The IT sector continued to face global headwinds and saw the hiring numbers dwindle in the last few months. However, Big Data Testing Engineer, IT, Information Security, and IT Operations Manager roles were in high demand even during this period.

“While the IT sector continues to stay impacted, robust growth in the banking sector is a bright spot. Coupled with the fact that the overall index sequentially grew 6% vs last month, this underscores the resilience of the Indian job market, anchored in sectoral diversity,” said the chief business officer of the employment website.

City-wise hiring scenario

IT-dependent cities like Bengaluru, Hyderabad, Chennai, and Pune saw a contraction of 30%, 31%, 32%, and 18%, respectively in new job offers in Sept 2023 over Sept 2022.

The non-metro cities continued to outshine the metros for job creation in Sept 2023. Vadodara, Ahmedabad, and Jaipur experienced 4%, 3%, and 2% growth, respectively, in hiring.

Sector-wise hiring scenario

The hospitality/travel sector grew by 22%, while BFSI and healthcare sectors recorded a growth of 7% each in September this year over the same month last year.

Oil & Gas and auto sectors recorded 6% growth each, the report mentioned.

BPO/ITES (Business Process Outsourcing/Information Technology Enabled Services) and FMCG (Fast moving consumer goods) sectors were some of the major sectors that registered negative growth of 25% and 23%, respectively.

The job market has shown preferences for experienced professionals in September. The hiring for professionals with over 16 years of experience jumped about 29%, whereas the hiring numbers for professionals with 13-16 years of experience increased by 11%.

(Source: IANS)

-Edited for style

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