Hiring Activity Picks Up In January; Rises 15% In January 2019 On Y-o-Y Basis
IT-Software industry noted a significant rise in the hiring activity, growing by 36 percent in January 2019
Photo Credit :
The Naukri JobSpeak Index for January 2019 at, marked a 15 percent increase in hiring activity from January 2018.
IT-Software industry noted a significant rise in the hiring activity, growing by 36 percent in January 2019, compared on a y-o-y basis. Auto/Auto Ancillary industry saw an increase in hiring with a growth rate of 17 percent. Hiring in IT-Software and HR functional area recorded a year-on-year rise of 35 percent and 30 percent respectively. Hiring in Bangalore was up by 27 percent; likewise, Mumbai was up by 10 percent and Delhi NCR by 8 percent.
Sumeet Singh, CMO, Infoedge India Ltd. said, “Beginning the new year with robust growth in hiring activity looks encouraging. The rise in recruitment for January has been notable across sectors such as IT, Auto and FMCG. The functional areas such as HR, IT - Hardware, and Sales/BD also have observed a rise in recruitment and this trend is likely to continue in the upcoming months.”
The above graph depicts the year-on-year increase in hiring activity in various industries
Hiring Trends – Functional Area Wise
An increase in the demand for jobs in various functional areas was observed in the month of January 2019. The verticals that witnessed an increase in hiring activity year-on-year were - IT-Software (35 percent), HR (30 percent), IT - Hardware (29 percent), BPO (13 percent), Sales (10 percent) and Marketing (2 percent).
However, Banking/Insurance and Production/Maintenance observed a dip of 16 percent and 6 percent respectively.
The above graph depicts the year-on-year increase in hiring in various Functional Area
Hiring Trends - Experience Wise
Hiring for a talent of 4-7 years of experience grew by 18 percent whereas recruitment for entry-level jobs witnessed a rise of 16 percent in January 2019. Recruitment activity for mid-management roles of 8-12 years of experience grew by 13 percent, while senior management roles of 13-16 years of experience recorded a 2 percent rise in hiring. Leadership roles with experience band of 16+ years remained largely flat with a slight increase of 1 percent in recruitment activity.