In April of this year, 2,715 adverts for positions in the office category appeared, a five percent decline in demand from the same month last year. The decline in appointments in the information technology sector (IT Sector) is the main cause of this. In a report, it was stated. In April 2022, Naukri.com received 2,863 job adverts for this type of position, according to the Naukri Job Speak Index.
Report published
According to the research, the real estate and bank, financial services, and insurance sectors (BFSI) have helped offset some of the declines in IT sector hiring. The Naukri Job Index is a monthly index that provides information on the nation’s labor market. Jobs can be found through job adverts for new positions and information offered by employers.
How was the labor market in major cities?
The beginning of new residential and commercial developments in the major cities is the primary cause of the increase in employment. Due to this, there is a greater need for civil engineers, construction engineers, and tender managers. The research states that there has been a growth in real estate industry hiring of 28 percent, 22 percent, and 19 percent, respectively, in the major cities of Kolkata, Pune, and Hyderabad.
Let us tell you which industry (Job) has seen growth
and which has had the biggest need for senior experts with more than 16 years of experience. Aside from real estate, the oil and gas, insurance, and banking sectors have all experienced year-over-year growth of 20%, 13%, and 11%, respectively.
The IT sector job is still working
and the appointment rate in the automotive and pharmaceutical industries has increased somewhat by 4% and 3%, respectively. However, the report states that hiring in the IT industry is on the decline and has decreased by 27% since April of last year.
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