Overall hiring flat in Feb, grew in finance, accounting: Naukri

Source : IANS
Author : IANS
Last Updated: Thu, Mar 12th, 2020, 16:35:58hrs
Overall hiring flat in Feb, grew in finance, accounting: Naukri

New Delhi: While the overall hiring activity remained flat in February 2020 compared with the same period last year, certain sectors like accounting/finance and IT-software witnessed growth in hiring, says a new report on Thursday.

The hiring activity in the accounting/finance industry saw a substantial growth of 14 per cent in February 2020 compared with February 2019, suggests the Naukri JobSpeak index for last month.

Other industries that showed growth in hiring activity during February 2020 were education/teaching (12 per cent), BPO/ITES (9 per cent), medical/healthcare/hospital (9 per cent), BFSI (6 per cent), and IT-software (5 per cent).

The IT-software industry posted five per cent growth in February 2020 versus an average year-over-year growth of 38 per cent in 2019.

The hiring in industries like insurance (minus 23 per cent), hotels & hospitality (minus 18 per cent), auto (minus 16 per cent) and recruitment/employment (minus 15 per cent) witnessed a dip in February 2020 compared with last year during the same time.

The job market in Hyderabad picked up on hiring by five per cent whereas other cities like Mumbai, Chennai, Kolkata, Bengaluru, NCR-Delhi and Pune declined over the past year.

Hiring activity for entry-level jobs (0-3 years) saw a positive growth while mid-level executives, senior and leadership roles saw a decline in February 2020 compared with last year.

"The economic slowdown in a few sectors has impacted the overall hiring activity," Pawan Goyal, Chief Business Officer, Naukri.com said in a statement.

"However, the recruitment growth in sectors like accounting/finance, BPO/ITES, IT-software and education/teaching which employ a large pool of jobseekers in the country remains buoyant which is a positive sign," Goyal said.

The Naukri JobSpeak is a monthly Index which calculates and records hiring activity based on the job listings on Naukri.com website month on month.