MANPOWER SOURCING AND MATCHING
In October 2022, there was a 6% decrease in hiring compared to October 2021, as reported by the Monster Employment Index. Additionally, month-on-month job postings experienced a 5% decline during the same period.
Analysts attribute this downturn to shifts in the startup landscape, a funding slowdown, and concerns about an impending economic recession. Despite this overall decrease, the automation sector witnessed a notable uptick with a 34% increase in hiring. Notably, the Banking and Finance, as well as Telecom industries, performed well, driven by technological advancements fostering innovation and growth.