The hiring activity in all sectors witnessed a downward trend in the city in August, according to Naukri Job Speak index.
The index points out that key industry sectors in the city like ITSoftware and ITES have witnessed dipping hiring figures month on month basis.
Similarly, at an overall level, the index, after remaining flat for consecutive five months, has seen a 4 per cent dip in this August when compared to July.
“The overall recruitment market in the economy is very challenging and most recruiters are staffing smartly and are opting for replacement hiring instead of recruiting new members.
However, hiring has severely been affected in sectors like telecom, insurance and BPO,” Hitesh Oberoi, Managing Director and CEO, Info Edge India said.
Construction and engineering sector has seen the highest month on month dip with hiring activity going down by 13 per cent when compared to July.
Oil and gas, BPO, telecom and auto sectors saw recruitment levels dip within a range of 6 and 9 per cent respectively over the same time period.
Both Software services and insurance sectors witnessed about 2 per cent dips in hiring activity in August over July.
On the contrary, the banking sector has seen a 12 per cent growth in recruitment activities over the last month probably because of increased hiring in the public banks category, the index said.