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Hiring Trend Remains Stable In May: Naukri

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Hiring activity in the country remained stable in May this year over the previous month and saw two per cent decrease over the same period last year, according to a report by Naukri.com.

The Naukri Job Speak Index stood at 1664, showing a 2 per cent decrease in hiring activity as compare to previous month. While the hiring sentiment in the BFSI industry continued its upward trend, oil and gas, auto and pharma industries witnessed a year on year decline in hiring activity in the May 2015 index. The media and entertainment sector witnessed a growth of 9 per cent in hiring activity in May 2015 over May 2014.

Among the metros, Delhi recorded the maximum year-on-year growth in the May this year index followed by Bangalore.

V. Suresh, executive vice president and chief sales officer, Naukri.com said, “Post an impressive 11 per cent growth in April, the job market continues to move north gaining further momentum in May thanks to the slow but steady revival in sectors such as banking, accounting, media and entertainment. This trend is likely to continue and looks like exciting times are ahead for jobseekers across sectors.”

Industry-wise Analysis
Industry-wise persuasions  was muffled across all sectors except accounting/finance industry, which reported a year-on-year growth of 21 per cent in the May 2015 index. The healthcare industry grew 3 per cent in May 2015 over May 2014. The IT- hardware and software industries grew one per cent in hiring activity in the May 2015 over May 2014.

However,  pharma recorded a nine per cent decrease in the May 2015 over the previous month. Core sectors like oil and gas, auto, insurance and real estate witnessed a decline in hiring activity to the tunes of 8 per cent and 21 per cent respectively in May 15 over May 14.

Demand For Professionals
The demand for working professionals in pharma and IT-software saw a maximum growth of 7 per cent and 3 per cent in May 2015 index. However, the demand for professionals in top management declined by 7 per cent. IT- hardware/telecom and ITES professionals also saw a decline of 9 per cent and 14 per cent respectively in their demand in the May’15 index.


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