Naukri.com's Pawan Goyal said, beating the perceived slowdown in the IT sector and marginally slowing job market, other sectors have performed exceptionally well, registering double-digit growth in January 2023.
Job index 'Naukri Jobspeak' has shown 2% year-on-year (YoY) growth in January 2023, mainly due to hiring in non-IT sectors. According to experts, job opportunities in those sectors have not only increased the flexibility has shown rather to be on the rise in recent months.
“Overriding the perceived slowdown in the IT sector and a marginally slowing job market, non-IT sectors have performed exceedingly well, registering double-digit growth in January 2023. Recruitment has picked up in sectors like insurance, oil and the like. Gas, Hospitality, Banking and Insurance," said Pawan Goyal, Chief Business Officer, Naukri.com.
Sectors/Roles that may see more job opportunities
Insurance (93%), oil and gas (55%), hospitality (53%), banking (37%), real estate (31%) have been the most non-IT sectors in terms of recruitment in January 2023. Auto (29%), BPO (16%) and Healthcare (10%). However, there are other non-IT sectors which have displayed cautious hiring sentiments such as telecom, retail and pharma as per the job data.
“The BFSI sector provides the majority of jobs in the non-technical sector in India, with growth in job roles in finance, accounting, risk management, compliance and wealth management expected to account for around 30% of the hiring. Others," said Nitin Dave, CEO, Quess General Staffing.
This is followed by the manufacturing sector (20% of total demand), especially electronics manufacturing, with India being considered an alternative manufacturing hub. Among other sectors, the telecom sector is also set for growth in 2023 with the introduction of 5G. Roles in demand could include sales, marketing, operations and customer service, he said.
An interesting trend has been observed in the recent past, highlights the JobSpeak Report January 2023, which shows that there has been an increase in the demand for senior professionals with 12+ years of experience and this segment is dominating the recruitment activity. In January 2023, this profile segment (senior professionals with 12+ years) registered a growth of over 20% as compared to January 2022. For freshers and mid-experience level professionals, the job outlook remained stable in January 2023.
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