Hiring Activity Up 10% In December 2019, Says Report
Employees work at a startup office in New Delhi, India. (Photographer: Sara Hylton/Bloomberg)

Hiring Activity Up 10% In December 2019, Says Report

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Hiring activity saw a 10 percent growth in December 2019 over the same month a year ago, led mainly by the information technology-software industry.

In December 2018, 1,987 activities took place, according to the Naukri JobSpeak Index.

"The year ended on a positive note, with a 10 percent increase in overall hiring. Hyderabad and Bangalore have been posting consistent growth in hiring over the last six months and if we look at the year as a whole IT software has seen a growth of 28 percent compared to the year before. The year went by has seen growth in jobs and we are cautiously optimistic going forward," Naukri.com. Chief Business Officer Pawan Goyal said.

The Naukri JobSpeak is a monthly Index which calculates and records hiring activity based on the job listings on Naukri.com website month on month.

The major contributors to this growth were industries like business process outsourcing (27 percent) pharmaceuticals (18 percent) and IT software (18 percent), the report said.

Demand for job roles in IT-enabled services/BPO (31 percent) and accounts (16 percent) also led to this overall uptick in hiring, it pointed out.

Amongst cities, Hyderabad (27 percent), Pune (14 percent) and Delhi (11 percent) led the way in terms of growth in hiring.

In Hyderabad, IT Hardware (79 percent) and IT - software (42 percent) led the way, while banking witnessed an increase of 35 percent.

While Pune saw a 14 percent rise in recruitment activity with IT software, fast-moving consumer goods and BPO recording growth rates of 8 percent, 33 percent and 11 percent, respectively, it said.

Hiring activities in Delhi and national capital region witnessed an increase of 11 percent mainly led by hiring in the BPO sector (21 percent).

Other industries that witnessed an uptick in hiring in the national capital were IT - software (14 percent) and accounting (8 percent). Demand for job roles across ITES and pharma increased by 22 percent and 20 percent, respectively.

Recruitment in Mumbai increased by 5 percent in December 2019, compared to December 2018 led by the BPO sector (31 percent).

This was followed by IT-software industry with an increase of 22 percent, however, few sectors saw dip in hiring including industries like banking (-17 percent), accounting (-29 percent) and Pharma (-9 percent).

The overall hiring activities in Bangalore grew by 3 percent and major contributors to this growth were BFSI (17 percent), IT software (6 percent) and BPO (5 percent), it added.

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