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Last Updated : Jan 18, 2017 04:00 PM IST | Source: PTI

Hiring activity slips 7% in December amid uncertainty

The Naukri JobSpeak index for December 2016 stood at 1,659, which is 7 percent down from December 2015. The fall in the index is reflected in a decrease in hiring in key metro cities like Delhi NCR, Mumbai and Bengaluru.


Hiring activity registered a 7 percent decline in December amid uncertainty and this trend may continue for few more months, says a Naukri.com report.


The Naukri JobSpeak index for December 2016 stood at 1,659, which is 7 percent down from December 2015. The fall in the index is reflected in a decrease in hiring in key metro cities like Delhi NCR, Mumbai and Bengaluru.


"Post an impressive 14 percent growth in November the Jobspeak index has shown a negative growth of 7 percent in December. But for BFSI, Insurance and ITES almost all the sectors are showing negative growth," V Suresh, Chief Sales Officer, Naukri.com said.

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Suresh further noted that "looks like there is some uncertainty and this may continue for few more months".


Although December 2016 was a slow month for hiring, the banking Industry has seen a considerable uptick with jobs increasing by 14 percent on a year-on-year basis. Insurance jobs also went up by 19 percent in the same time period.


On the other hand, the IT-software industry saw a 4 percent fall, while jobs in the telecom/ISP industry saw a 24 percent fall, construction and engineering jobs decreased by 32 percent and oil & gas and power, infrastructure jobs fell by 30 percent in December 2016 compared to December 2015.


Top metros like Delhi/NCR, Mumbai and Bengaluru witnessed a decline in hiring activity by 12 percent, 2 percent and 6 percent respectively.


Amongst other metros, the jobs index recorded a growth of 5 percent in Hyderabad and 4 percent in Pune, while it stayed flat in Chennai and Kolkata when comparing December 2016 data with December 2015.


Hiring for 0-3 years' experience bracket fell by 9.2 percent.

The maximum number of jobs continued to be in the 0-3 years category, while, jobs for over 16 years of experience stayed buoyant when compared with year ago period, the report said.



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First Published on Jan 18, 2017 03:56 pm
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