E-recruitment activities witnessed a marginal decline of 1 per cent year-on-year in December 2022 as companies have become cautious amid global economic uncertainty, according to a report.
However, the month-on-month job trajectory for e-recruitment in December saw an increase of 2%, according to foundit Insights Tracker.
It has been a roller coaster year for the Indian economy amid increasing global headwinds, and the government's efforts to arrest inflation held the economy in good stead amid geopolitical tensions, rising inflation and disturbances in the global supply chain, foundit (previously Monster APAC and ME), a Quess company unit, CEO Sekhar Garisa said. “This month’s data emphasises that while companies are becoming slightly cautious with economic uncertainty, we expect hiring in sectors such as telecom and banking and finance to do well. We are also optimistic that the Budget, will enable substantial job creation,” he added.
FIT is a monthly e-recruitment tracker and the report is based on data on the foundit platform from December 1-31, 2022. Meanwhile, as to the data, the Advertising, Market Research (MR), and Public Relations (PR) industry registered 9 per cent growth year-on-year as well as 13 per cent month-on-month, driven by the increase in marketing efforts and adoption of Artificial intelligence (AI).