New Delhi, 8/6: Hiring activities have slowed down by 7 per cent in May compared to the same month last year mainly due to companies adopting cautious approach to cut expenses on the back of economic slowdown, a report said on Thursday.
Foundit (formerly Monster APAC & ME) released foundit Insights Tracker (fIT), presenting the latest findings on monthly hiring trends.
The latest tracker indicates there has been a 7 per cent slowdown in hiring compared to the same time last year. However, despite the general decline, positive trends were seen in tier II cities like Ahmedabad and Jaipur.
The tracker indicated that hiring activity is declining across all industries, with a 4 per cent month-over-month (MoM) declin
Comments are closed.