A recent report on Tuesday indicates that the hiring of white-collar workers decreased by 11 percent on an annual basis in January.
Naukri JobSpeak Index
Sequentially it has risen by 1 percent for the same period.
When it comes to the overall hiring on a year-on-year basis in the IT sector, it had declined by 19 percent during January this year.
Contrary to this, other sectors such as healthcare, hospitality and FMCG witnessed annual job growth during the last month in an otherwise cautious market, as per the findings shared in Naukri JobSpeak Index.
It is a monthly index which represents the state of the Indian job market and hiring activity based on new job listings and the searches related to job by recruiters on the resume database of Naukri.com.
Increased Demand For AI-related Roles
The index indicates that the hiring for niche AI-related roles including machine learning engineer and full stack AI scientist had jumped by 46 percent and 23 percent, respectively, year-on-year.
The hiring in the healthcare sector rose by 7 percent during January on an annual basis with maximum increase in demand for administrative roles.
For the same time period, the recruitment in the travel and hospitality sector has also recorded a growth of 5 percent y-o-y.
It appears that both domestic and international tourism are witnessing a boom in demands,
The requirement for restaurant managers and service managers remained at elevated levels.
Also, the hiring in this sector was high in cities such as Bangalore and Mumbai, as per the report.
But the story for the other sectors like BPO is not the same as they have witnessed a 16 percent degrowth in hiring.
Similarly, insurance saw a decline of 8 percent followed by education and retail sectors as they reported a fall of 7 percent each.
Pouring more light on the subject, the Chief Business Officer Naukri.com, Pawan Goyal said, “the significant rise in AI-related jobs is indicative of the changing skill requirements in the IT sector, while the positive hiring sentiment in healthcare, hospitality and FMCG reflect a strong domestic economy.”
