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E-recruitment activity witnesses marginal dip of 1% in November: Report

A revival in the IT and media industries was also observed in November after months of decline, indicating a positive sentiment in hiring. Overall, the outlook for the Indian job market is positive and will only continue to do better in the coming months

Source | economictimes.indiatimes.com | PTI

India registered a marginal drop of 1 per cent in e-recruitment activity in November 2022 compared to the same month last year, as per a report. The foundit Insights Tracker, formerly Monster Employment Index, also said a steady surge was observed month-on-month in key employment industries such as real estate, retail, banking and finance.

A revival in the IT and media industries was also observed in November after months of decline, indicating a positive sentiment in hiring.

“Hiring in key industries such as real estate, retail, tech and BFSI have been on an upward trajectory despite a slow-growing economy and high inflation. Despite a slowdown in hiring for tech talent for the past few months, several industries, such as education and healthcare, are increasingly relying on technology to drive efficiency and productivity, indicating skilled talent will always be in demand,” foundit CEO Sekhar Garisa said.

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Source
economictimes.indiatimes.com
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