Bullish on sectors like IT-softwate, ITES, Insurance and Pharma, the hiring activity in April 2016 has seen an increase of 14% over same month last year, according to the Naukri Job Speak Index.
In the functional area analysis, Finance and HR professionals witnessed an increase of 14% and 10% respectively in the same period. However, demand for professionals in Project Management and banking professionals continues to decline, report a dip of -9% and -8% respectively in April 2016 index. Banking and Telecom reported sustained growth till December’15 but reported a negative sentiment for April 2016 over April 2015 index.
Increase in demand for professionals working in IT-Software started from January’16 onwards and for the month of April’16, they saw their jobs go up by 18% over same period last year. Similar trends were seen for Sales and Business Development professionals where on year on year basis, they saw an 11% increase in new jobs. Increased demand was seen for Pharma professionals with an impressive 24% Y-o-Y growth
Demand for professionals in ITES witnessed an impressive 40% growth in new jobs creation in the month of April’16 over April’15. Demand for professionals in this sector is reporting a positive growth from November’15 onwards.
V Suresh, Chief Sales Officer, Naukri.com said, “Job market seems to sustain the momentum gained over the past few quarters with a 14% YOY growth in April post a 22% growth in March. Apart from sectors like IT, ITES and BPO, good to see the Pharma/Biotech sector growing at 15%.”
The detailed analysis of core sectors is as follows:
- IT-Software continues to grow in April 2016 as well, reports 19% growth
- After a long period of negative sentiment, Construction and Engineering has stabilized in the April’2016 index over April’2015
- Automobiles and FMCG report a growth of 7% and 6% respectively
- Insurance and BPO report an impressive 31% and 32% growth
- BFSI and Telecom records a dip of -9% and -13% respectively
Among the metros, Delhi/NCR leads the city list with a 42% growth followed by Hyderabad and Chennai at 30%. Bengaluru and Mumbai report 25% and 24% growth respectively while Kolkata reports a dip of -3% in hiring activity in April’2016 over April’15.