Hiring surges 21% in banking, financial sector in Sept: Naukri.com

The 'uncertainty' in the job market is likely to continue for a few more months: Report

Hiring activity in the banking and financial services sector witnessed a 21 per cent growth during September this year compared to the same period last year, a report by job portal Naukri.com said on Monday.

Even as the job market in the country remains "volatile", Naukri Jobspeak Report, a monthly analysis of job listings on the portal, shows the overall job market has seen three per cent growth in September, compared to the same period last year.

"Job market continues to be volatile. The Jobspeak index for September has shown a three per cent year-on-year growth driven by growth in sectors like banking, financial services, insurance, industrial products and auto and engineering," said Chief Sales Officer of Naukri.com V. Suresh in a statement.

The "uncertainty" in the job market is likely to continue for a few more months, he added.

The engineering industry registered a 15 per cent growth in hiring during September compared to the corresponding period last year, the report said.

While banking and insurance jobs rose by 32 per cent in September compared to last year, accounts and finance jobs saw a 15 per cent growth in the same period, it said. Software sector jobs during the same period witnessed a six per cent dip.

Among the 13 cities that were tracked by the report, 12 have recorded an increase in hiring activity during the period, with Mumbai and Kolkata growing by 15 per cent each compared to September last year.

The National Capital Region, on the other hand, witnessed a nine per cent dip in hiring activity during the tracked period, it said.