Hiring Activity In India Grew 11% In May, Led By IT Sector, Says Naukri.com Report
Bengaluru, Hyderabad and Pune reported recruitments higher than the national average in May, says Naukri.com.
Hiring activity in India grew 11 precent in May as compared to a year ago, driven by a significant uptick in information technology sector recruitment, a Naukri.com report showed.
The Naukri JobSpeak Index for May 2019 stood at 2,346, indicating an 11 percent rise as compared to May 2018, when it stood at 2,106. The Naukri JobSpeak Index is a monthly tracker that calculates and records hiring activity based on job listings on Naukri.com.
"The JobSpeak index continues to grow with an 11 percent year-on-year growth in May with most sectors and cities showing a positive trend. Looking at the trend reflected in the last six months we can see that hiring continues to grow in a positive direction," said Sumeet Singh, chief marketing officer of Info Edge (India) Ltd.
Besides the IT sector, hiring picked up in the BPO (11 percent), education (11 percent), IT-hardware (11 percent), construction & engineering (1 percent), and FMCG (4 percent) sectors. Hiring activity in the BFSI sector remained stagnant. The auto and pharma sectors witnessed a dip of 16 percent and 6 percent in hiring, respectively.
Demand for entry-level jobs—work experience of 0-3 years—grew by 13 percent in May. Hiring for mid-level executives with work experience of 4-7 years grew by 14 percent, while mid-management roles with 8-12 years of experience saw a spike of 8 percent.
Hiring for senior management roles with 13-16 years of experience and leadership roles with an experience of over 16 years remained flat.
Demand for talent grew across all metropolitan cities. Bengaluru, Hyderabad and Pune recorded positive growth in recruitment activity with 20 percent, 19 percent and 10 percent, respectively.