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BW Businessworld

Job Scene Opens Up, Hiring Grows 20% In July

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Planning to hop jobs? As per the Naukri Job Speak Index report, this is the right time to look for a change. For the month of July 2014, the Naukri index was at 1649, indicating a 20 per cent growth in hiring over 2013.

A monthly comparison also shows a growth of 5 per cent in hiring activity compared to June 2014. Industry wise hiring has seen a growth of 32 per cent and 31 per cent in the sectors like BPO and IT sectors respectively, in July 2014.

Among the top metros, Pune has seen the maximum growth with the index moving up by 31 per cent in the same period. Hyderabad and Chennai follows suit with an increase of 27 per cent each. Delhi/NCR and Bangalore have seen a growth of 25 per cent each. Mumbai and Kolkata have seen a growth of 17 per cent and 5 per cent, respectively.

Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd, said “Hiring activity is slowly bouncing back. We expect the hiring landscape to improve in the coming six months especially in sectors like IT and Services which continue to create most of the jobs in the country”.

Industry Sector Analysis

Apart from the IT and BPO sector, banking and telecom have seen growth with the index moving up by 25 per cent from 24 per cent in July 2014 over July 2013. Auto and Construction sector have also experienced positive trajectory with the index going up by 16 per cent from 9 per cent last year in the same period.
Oil& gas and Insurance are facing headwinds with the index moving down by 8 per cent and 4 per cent respectively in the July 2014 over July 2013.

Professionals working in banking and Insurance have seen an increase of 11 per cent while those employed in supply chain have seen an increase of 16 per cent.