The domestic broking sector had significantly reduced its personnel after the global financial crisis hit in 2008. It has resumed hiring since 2015 to cater to a surge in clients, especially of high net worth individuals. However, despite the surge in the market, hiring has been much more restrained than in the heydays of 2006-07, with staffer addition at 10-15 per cent of that in 2007. Large domestic brokers are focusing on the online space, where the personnel required is much lower than in the offline one.
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