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Hiring Activity Sees 11% Jump Says Naukri Survey

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Hiring activities in sectors like accounting and finance industry has seen an increase according to a new survey. The Naukri Job Speak Index for the month of June 2015 stood at 1749 recording an 11 per cent increase in hiring activity over June 2014.

V. Suresh, Executive Vice President and Chief Sales Officer, Naukri.com said, “Job market continues to sustain the momentum gained in April and May with an impressive 11 per cent 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!!".

While the maximum increase in hiring was recorded in the Banking, IT-Software, IT-Hardware and Telecom industries too showed an upsurge in hiring activity. However, hiring activity in sectors such as oil and gas, auto and real estate witnessed a year-on-year decline in the June’15 index over June’14.

While the hiring sentiment in the metros like Mumbai, Bangalore and Kolkata recorded an upward movement. While Delhi-NCR was stagnant in hiring activity in the June’15 index.

Industry Wise Analysis
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 per cent 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 per cent and 19 per cent 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 per cent and 16 per cent respectively. Core sectors like Oil and Gas, Real Estate and Auto continue to witness a decline in hiring activity to the tunes of 31 per cent, 19 per cent and 16 per cent respectively in June’15 over June’14

Kolkata, Hyderabad and Chennai registered a Y-o-Y increase of 19 per cent and 5 per cent 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.

Functional Area Analysis:
The demand for IT-Software professionals saw an increase in the June’15 index. The demand for consulting professionals recorded the highest Y-o-Y increase, to the tune of 28 per cent, in the June’15 index.

Demand for professionals in accounts/finance, banking/insurance and marketing  also recorded a Y-o-Y growth of 22 per cent, 18 per cent and 10 per cent respectively in June’15 index. The demand for professionals in Pharma also witnessed a Y-o-Y growth to the tune of 5 per cent June’15 over June’14.

The demand for professionals in IT-Hardware witnessed a stable trend in June’15 index. ITES and Packaging professionals saw a decline in demand of 4 per cent and 10 per cent respectively in June 2015 over June 2014.


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