Hiring in auto sector drops by 20%; IT Software still gives most jobs

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Published: October 10, 2019 3:47:46 PM

The ongoing turbulence in auto sector took a victim in hirings as fresh job opportunities in auto industry dropped by 20% during September as compared to the same month last year.

Further, among key metropolitan cities, Hyderabad and Bangalore led the way in employment opportunities with robust growth rates of over 25% and 16% respectively.

The ongoing turbulence in auto sector took a victim in hirings as fresh job opportunities in auto industry dropped by 20% during September as compared to the same month last year. However, IT Software and BPO industry still continue to dominate the employment scenario with a 33% and 19% jump in new job opportunities during September, Naukri JobSpeak data said on Thursday. Further, an 8% overall improvement was seen in hirings even amid economic slowdown and negligible hirings in the preceding month. “After a flat August 2019, hiring has made a comeback in September 2019 on the back of strong growth in the IT sector,” Pawan Goyal, Chief Business Officer, Naukri.com, said in a statement. While slowdown persists in auto and banking industries, all other key industries have posted positive on-year growth rates, he added. 

Further, among key metropolitan cities, Hyderabad and Bangalore led the way in employment opportunities with robust growth rates of over 25% and 16% respectively. However, upward trend in hiring was witnessed in all the major cities. In Delhi NCR region, candidates from BPO, pharma and IT – Software were the most in demand and total new jobs increased by 5%. Auto and IT – Hardware dampened jobs in the region with a demand dip of 45% and 10% respectively. In Bangalore, IT-Software grew by 50% and IT-Hardware by 31%. However, in Bangalore, accounting sector hired over 125% more than last year. Pune too had a similar trend on accounting job increase. In Hyderabad, FMCG sector brought in most number of jobs with over 65% jump in hirings. 

“Demand for professionals across functional areas like ITES and sales grew by 16% and 4% respectively while amongst experience bands, hiring for mid-management roles with over 8 years of experience witnessed the highest on-year growth,” the report said. 

Previously, Naukri JobSpeak had said that the second half of the year will bring a large number of hirings as eight out of 10 recruiters who participated in its survey said that they are positive on hiring front. 

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