Article: India Inc. Hiring Sentiment moves up

Talent Acquisition

India Inc. Hiring Sentiment moves up

Looks like good times are ahead for jobseekers as there is a huge war for high quality talent

The Naukri Job Speak Index for the month of April 2015 stood at 1736 recording a nine per cent increase in hiring activity over April 2014. Apart from BFSI, which led the pack with the maximum Y-o-Y growth, Accounting and IT-Software industries registered a Y-o-Y growth of 27 per cent and 22 per cent respectively in the April’15 index. Among the metros, Bangalore recorded the maximum Y-o-Y growth. Pune, Hyderabad, Mumbai and Chennai witnessed a Y-o-Y increase in hiring activity in the range of 17-18 per cent.

V. Suresh, Executive Vice President and Chief Sales Officer, Naukri.com said, “The Job market continues to sustain the momentum gained in February and March 2015. This growth is predominantly driven by sectors viz., Information Technology, Banking and Financial services. Looks like good times are ahead for jobseekers as there is a huge war for high quality talent in some of these sectors.”

Industry wise Analysis:

Besides BFSI, Accounting and IT-Software industries which led the growth charts,

·         The Healthcare and Pharma industries witnessed a Y-o-Y growth of 9% and 3% respectively.

·         IT-Hardware and Retail industries recorded a marginal growth of 3% in April’15 over April’14

·         The growth in Telecom and Auto industries remained stable in the Apri’15 index

·         Core sectors such as Construction/Engineering and Oil and gas registered a Y-o-Y decline in hiring activity in the range of 4-5%

City Wise Analysis:

All metro cities registered an increase in hiring activity in April 2015 in comparison to April 2014

·         As mentioned above, Bangalore has taken the lead in hiring activity in the April’15 index, followed by Pune and Pune, Hyderabad, Mumbai and Chennai

·         Kolkata also witnessed a Y-o-Y growth of 4% in April 2015 over April 2014

·         Delhi-NCR registered the lowest Y-o-Y growth rate in hiring activity among metros to the tune of 3%

Functional Area Analysis:

·         The demand for professionals in Banking & Insurance and IT-Software saw a Y-o-Y growth of 30% and 26% respectively in April’15 over April’14

·         The demand for professionals in HR grew by 9% Y-o-Y in April 2015

·         In contrast, the demand for professionals working in IT- Hardware and Pharma saw a Y-o-Y decline of 4% and 5% respectively in the April’15 index

Read full story

Topics: Talent Acquisition, #Hiring, #National

Did you find this story helpful?

Author

QUICK POLL

What are the top work tech investment focus areas for your company currently?

2 months free subscription
q_auto,f_auto/v1639994115/mag-december-2021.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

2022 is around the corner: what is next for the world of work?

READ the December 2021 issue to find out what global leaders and thinkers predict