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 posted in the base month of July 2008. A reading of 2000 indicates twice as many jobs.
The following table, for example, shows which industry has seen an increase in new job postings and which ones have seen declines.
In June, the maximum increase in hiring was recorded in the Accounting/Finance industry. Banking, IT-Software, IT-Hardware and Telecom industries too showed an upsurge in hiring activity.
Hiring activity in sectors like Oil and Gas, Auto and Real Estate witnessed a Y-o-Y decline in the June’15 index over June’14.
“Job market continues to sustain the momentum gained in April and May with an impressive 11% growth in June. Sectors like IT, Banking and Pharma lead the show right now and we can expect the other sectors to start looking up in the next few months or so. Looks like Jobs are back and exciting times ahead,” said V. Suresh, Executive Vice President and Chief Sales Officer, Naukri.com.
While, the hiring sentiment in the metros like Mumbai, Bangalore and Kolkata recorded an upward movement as mentioned above, Delhi-NCR was stagnant in hiring activity in the June’15 index.
Apart from the Accounting /Finance industry, which led the pack in terms of Y-o-Y growth in hiring activity
BFSI industry reported a Y-o-Y growth of 49% in the June’15 index.
The IT- Software and Hardware industries witnessed a Y-o-Y growth in hiring activity to the tunes of 23% and 19% respectively in the June 2015 over June 2014.
Pharmaceutical and Healthcare industries too saw a Y-o-Y increase in hiring activity to the tunes of 14% and 16% respectively.
Core sectors like Oil and Gas, Real Estate and Auto continue to witness a decline in hiring activity to the tunes of 31%, 19% and 16% respectively in June’15 over June’14
Mumbai and Pune took a lead in hiring activity in the June’15 index, while Bangalore witnessed a growth in hiring activity to the tune of 20% in June 2015 over June 2014. Kolkata, Hyderabad and Chennai registered a Y-o-Y increase of 19% and 5% respectively in hiring activity in the June’15 index.
The hiring activity in Delhi-NCR remained stagnant according to the June’15 over June’14.
The demand for IT-Software professionals saw an increase in the June’15 index. Following that, demand for consulting professionals recorded the highest Y-o-Y increase, to the tune of 28%, in the June’15 index. Demand for professionals in Accounts / Finance, Banking / Insurance and Marketing also recorded a Y-o-Y growth of 22%, 18% and 10% respectively in June’15 index.