White-collar hiring grows 14% in August led by auto, healthcare, retail: Report
August saw hiring growth across both IT and non-IT sectors and across experience levels. However, the hiring growth needs to be viewed in the context of the festive calendar, with a larger part of the festive period falling in August last year and shifting to September this year.
India's white-collar hiring registered a 14% year-on-year growth in August, driven by sectors including auto, healthcare and retail, a report said on Tuesday.
The overall Naukri JobSpeak Index touched 3,028 compared to 2,664 in August last year, according to a report by Naukri.com, Info Edge's flagship brand.
August saw hiring growth across both IT and non-IT sectors and across experience levels. However, the hiring growth needs to be viewed in the context of the festive calendar, with a larger part of the festive period falling in August last year and shifting to September this year.
"We will have a clearer view of the underlying hiring trend as we move through the festive quarter," Info Edge (India) Ltd MD and CEO Hitesh Oberoi said.
The Naukri JobSpeak report is a monthly index that tracks trends in India's job market and hiring activity, based on new job postings (including free job listings) and recruiter searches on Naukri.com's platform.
The report further revealed that the auto sector recorded strong hiring growth at 19%, followed by healthcare at 16% and retail at 15%.
Among other key sectors, insurance grew at 12% YOY, followed by IT at 11%, banking and FMCG at 10% each, and BPO/ITES, oil and gas and real estate at 8% each.
Pharma/Biotech remained flat, while hospitality and travel witnessed a 4% decline in hiring, and education saw an 8% drop, it added.
Hiring remained positive at all experience levels, with fresher recruitment witnessing a growth of 15% YoY, while for 4-7 years it rose 10%, the report said.
Mid-to-senior experience bands also recorded strong growth, with hiring up 16% for 8-12 years, 18% for 13-16 years and 13% for over 16 years, it added.
Among metros, Hyderabad led hiring growth at 23% YoY, followed by Kolkata at 22%, Chennai at 20%, Bengaluru and Pune at 14% each, Delhi NCR at 10% and Mumbai at 7%.
While in emerging cities, including Bhubaneswar (32%), Raipur (23%), Surat (21%) and Ranchi (19%) recorded strong growth, the report added.