As per the latest Monster Employment Index, jobs in automation, BFSI and the Telecom industry have seen a rise while healthcare and IT job opportunities have declines. Here's a quick check on the sectors seeing a hiring growth or decline.
With the economic decline hitting India, employers have become cautious when it comes to hiring. The latest Monster Employment Index (MEI) has seen a 6% drop in hiring activity in October 2022 as compared to October 2021. A drop has also been seen in the month-on-month job postings.
The possible reasons are fears of an upcoming recession, funding winter and the pattern changes in the startup ecosystem. Hiring activity is likely to increase in the coming months as companies are trying to push growth with internal initiatives and government interventions may come in for promising sectors.
Automation jobs have seen a huge uptick of over 34%. And with AI and blockchain transforming BFSI, and 5G onset transforming telecom, there has been a rise in hiring in these two industries as well.