The Indian banking and payments industry experienced a 36% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Kotak Mahindra Bank with 5,060 job postings according to GlobalDataâ€™s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Management Occupations jobs accounted for a 38% share of the Indian banking and payments industry new job postings in Q3 2023, down by 34% over the prior quarter.
Management Occupations drive banking and payments industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 38% of the total new job postings in Q3 2023 and were down by 65% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 26% and drop by 75% year-on-year, and third highest were Business and Financial Operations Occupations, which were 26% of the new job postings and 62% lower year-on-year.
Top five companies in banking and payments industry accounted for 50% of hiring activity
The highest number of jobs were posted by Kotak Mahindra Bank with 5,060, followed by Deutsche Bank with 1,529, while the highest increase was at HSBC at 8%.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q3 2023, buy the report here.