Banking and Insurance hiring jumps 40% in August, overall hiring up 10%: Naukri

naukri

Naukri.com, one of India’s leading job sites, said that hiring increased by 10.2% in August as compared to last year, contributed by over 40% hiring growth in Banking and Insurance industry.

Banking and financial industry experienced a growth of 42% whereas the insurance industry witnessed 49% growth during the same period, said the company.

Real Estate as an industry continues to see a slowdown and in August witnessed a 33% reduction in new jobs posted, added the company.

IT recruitment grew 11% and BPO industry hiring had an even more impressive month and clocked 16% growth.

Infrastructure oriented industries saw either sluggish growth or in some cases jobs actually decreased when compared to last year, said the survey.

Construction and Engineering industry saw jobs decrease by 8% whereas Oil and Gas indusry saw jobs decrease by a huge 17%.

Pune and Kolkata by comparison had comparatively better hiring growth of 11% and 12% respectively compared to Delhi, Mumbai and Bangalore which saw annual growth measuring 6%, 2% and 5% respectively.

Naukri.com is one of India’s leading job portals and a flagship brand of Info Edge founded in the year1997.



TRUMP THREAT: TCS not worried, says we’re not the villains source: NasscomTata Consultancy Services, the largest Indian-owned outsourcing company, said it is able to manage with 75% less new visas this year as it has changed its business and recruitment models in recent years. It also said that outsourcing was key to protecting US jobs, and is not the villain as portrayed.The statement from Rajesh Gopinatha...
BSNL JE 2016 recruitment frozen after complaints to DoT – CMD Shrivastava BSNL Chairman and Managing Director Anupam Shrivastava said the recruitment of Junior Engineers (JEs) into the telecom company has been frozen by the Department of Telecom on the basis of complaints."It is being held up by the Department of Telecom... due to complaints," Shrivastava said in response to questions by candidates who have qualified in the ex...
Industry welcomes move to include made-ups in apparel package SIMA has welcomed the move include made-ups in the apparel packageThe industry has welcomed the move by the government led by Narendra Modi to extend support to the made-ups export industry and said it would help the sector break out of its current slump.The cabinet had yesterday included the made-ups sector in the Rs 6,000-cr apparel package unveil...
Exports increase share of jobs in India – Study A new study by the Exim Bank has found that around 15% of the total jobs in India are related to India's exports sector, including both IT, BPO and material goods such as garments.The total number of jobs supported by aggregate Indian exports increased from about 34 million in 1999-00 to 62.6 million in 2012-13, with a growth rate of 3.4% per annum, ...
‘Book My Chotu’ sends helpers to stand in ATM queue for you @ Rs 90 Bookmychotu.com, which providers helpers and handymen for various household and other chores, is now offering to send people to stand in queues in front of ATMs at Rs 90 per hour.An eight-hour shift for a 'chotu' costs Rs 550, or Rs 69 per hour."Are you short of cash? Need a Helper to stand in Queue of the bank or atm till the time your turn comes," ...
Hiring slows in October due to festival effect – Naukri.com Hiring activity fell 8% October this year compared to the same month a year ago, according to Naukri.com's Job Speak Index.This dip was primarily caused by the festive season which saw Dussehra, Durga Pooja and Diwali fall in October, the company said. "Hiring activity generally tends to slow down around these festivals as recruiters go slow on hirin...
Govt to reimburse 25% of employee training costs to companies Government has notified National Apprenticeship Promotion Scheme, a first of its kind to offer financial incentives to employers for training apprentices.The Scheme has an outlay of Rs. 10,000 crore with a target of 50 Lakh apprentices to be trained by 2019-20.25% of the prescribed stipend payable to an apprentice would be reimbursed to the employers...
India to see a pick-up in hiring in second half of 2016 – Naukri survey An uptick in the job market in the second half of 2016 is the key sentiment that has emerged from Naukri’s Hiring Outlook survey 2016, conducted among 1300 recruiters and consultants representing more than 20 industries.According to the survey, 77% of the recruiters predict that new jobs would be created in the coming months, Naukri -- India's larges...
SBI Merger: Employees to get 15 days to decide between VRS and SBI job Employees of associate banks will get only 15 days to decide whether to accept a new job with the State Bank of India or opt for voluntary retirement via an 'option letter' that will given to them as part of the merger of India's largest bank with its four associates.The terms and conditions regarding employees and their salaries also mention that th...
Canada’s SOTI to create 300 IT jobs in India, invest $12 mln Canada-based software company SOTI said it will invest $12 mln and add 300 jobs in India over the next two years.The majority of the new positions would be in engineering and software development roles, it said.SOTI is a provider of enterprise mobility management and Bring Your Own Device solutions.The company, which has most of its Indian employ...
Naukri reports big increase in new job availability in May The Naukri Job Speak Index reported a jump of 27% in hiring activity in May this year compared to last year."Sustained growth in IT-Software and ITES during the year led to an impressive hiring sentiment for these sectors. On the other hand, Telecom and Real Estate reported a negative sentiment in Y-o-Y index for May’ 16 over May’15," it said. Deman...
Idea CEO Himanshu Kapania to get salary of up to Rs 10 cr pay plus in-kind benefits Idea Cellular CEO Himanshu Kapania will be one of the highest paid executives in India after his reappointment for five years starting April next year.According to the plans disclosed by the company, Kapania will be offered the following terms.A basic pay of Rs 12.9 lakhs plus a special allowance of 14.8 lakhs, coming to a total of Rs 27.7 lakhs per ...
2015 salary increments, attrition higher than expected – Naukri survey More companies gave double digit increments in the first six months of this year compared to the number that had expected to give such increments six months back, according to Naukri Hiring Outlook survey.At an overall level, 68% recruiters gave increments more than 10% in 2015."The percentage of recruiters who actually doled out double digit increm...
IT leads new-jobs growth in India in June – Naukri Following a similar report from Monster India, the biggest hiring portal of the country -- Naukri.com, has also pointed to a sharp increase in hiring in June this year.Naukri's Job Speak Index for the month of June 2015 stood at 1749, up 11% over June 2014.Essentially, the index compares the number of new jobs posted in each month with those post...
Diamond industry decides against stopping work for now Diamond industry associations jointly decided not to suspend imports of rough diamonds right now, and to deal with the issues facing the industry through further consultations.The industry considered clamping down on imports, but decided against it as "as the workforce in factories will be the first priority for the trade."At present, the Indian diam...