India’s banking and payments industry registered an 8.3% drop in IT hiring activity in October 2021 when compared with the previous month, according to GlobalData’s Job Analytics database.
The industry’s overall hiring is decreased by 2.66% in October 2021 when compared with September 2021.
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Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 26.74% share in October 2021, recording a decrease of 4.94% over the last three-month average share.
Top five job classifications in India’s banking and payments industry’s IT recruitment activity in October 2021
Out of the total job titles, the top five roles commanded a 100.17% share in the overall IT recruitment activity of India’s banking and payments industry in October 2021.
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By GlobalData1) Software and Web Developers, Programmers, and Testers recorded a share of 76.44% in October 2021, registering a 13.38% decline over the previous month.
2) Miscellaneous Computer Occupations claimed a 9.7% share, a decrease of 9.65% over the previous month.
3) Database and Network Administrators and Architects held a share of 5.94%, registering a 9.77% rise from September 2021.
4) Computer and Information Analysts captured a share of 4.06%, up 25.49% over the previous month.
Top five banking and payments companies in India’s IT recruitment activity in October 2021
The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 4.92% share in the overall IT recruitment activity of India’s banking and payments industry during October 2021 over September 2021.
Wells Fargo posted 694 IT jobs in October 2021 and registered a drop of 24.48% over the previous month, followed by Citigroup with 663 jobs and a 5.57% growth. Barclays with 543 IT jobs and PayPal Holdings with 347 jobs, recorded a 28.67% growth and a 277.17% growth, respectively, while Fidelity National Information Services recorded a decline of 21.84% with 247 job postings during October 2021.
Junior Level job postings dominate in October 2021
Junior Level jobs held a share of 48.13%, down by 12.32% from September 2021. Mid Level positions with a 45.38% share, registered a decline of 8.67% compared with the previous month.
In the third place was Entry Level job ads with 4.82% share, up 9.09% over September 2021, while Senior postings accounted for 1.67%, recording a month-on-month decline of 31.9%.
