Slowdown in banking sector hiring

According to the latest Naukri.com survey for August 2013, the banking and financial services sector has been showing a continuous dip in hiring activity for three consecutive months now. For most of the sectors also, the hiring activity has taken a dive on a month-on-month basis. Pharma has suffered the highest dip, with the job index going down by 14 per cent in August 2013 over the previous month. However on a year-on-year basis, maximum jobs were created in the ITES sector with the jobspeak index showing a growth of 28 per cent over August 2012.

Oil & gas, telecom and pharmaceutical sectors showed a decline in hiring in the range of 13-14 per cent in August as compared to July 2013. The auto sector was among the worst-hit in 2013 with the index dipping 15 per cent in August, compared to the previous corresponding month in 2012.

Read the Business Standard news report here.