Hiring demand dips 3% sequentially in October: Report

Mumbai: Hiring demand witnessed a dip of three per cent in October sequentially, mainly due to a decline in recruitment of professionals in purchase, logistics and supply chain after festive hiring hikes in September, according to a report. Data from the Monster Employment Index indicates that hiring demand witnessed a three per cent dip in October as compared to September 2021.

However, there has been a strong year-on-year recovery with a nine per cent uptick in October compared to the same month in 2020, it added.

“In October, we saw a month-on-month decline in hiring activities by three per cent. This is a yearly trend we observe following festive hiring hikes.