As per the Naukri JobSpeak Index, hiring activity grew by 16 percent in April compared to a year-ago period, mainly driven by the IT industry that registered a 39 percent growth.
For the month of April, the Naukri JobSpeak Index stood at 2,477 which is 16 percent higher from April 2018, when it stood at 2,139. The IT-software industry registered a 39 percent hiring growth over last year in April, with hiring in functional areas like site engineering, sales and business development posting a growth of 26 percent and 9 percent, respectively.
InfoEdge India CMO Sumeet Singh stated, “The JobSpeak index for the financial year 2018-19 remained consistent clocking in an average of 12 percent growth in hiring. This financial year has started with a 16 percent growth in hiring in April with more companies tapping into the talent pool across sectors.”
He added that the trend for the coming months looks positive.
IT up, banking down
Sector-wise, while IT, engineering, FMCG, healthcare, and real estate industry saw an upward trend in hiring, banking and financial services and the auto industry witnessed a dip of 15 percent and 1 percent, respectively.
When it comes to experience, demand for entry-level jobs with an experience of 0-3 years witnessed a rise of 18 percent, whereas recruitment for mid-level executives with experience of 4-7 years rose by 17 percent. For mid-management roles with 8-12 years of experience, hiring grew by 11 percent, while for senior management roles with 13-16 years of experience recorded a 9 percent rise in hiring.
In addition, hiring for leadership roles with experience of over 16 years increased by 6 percent.
Delhi and Chennai on top
Geography wise, overall hiring activity in Delhi and Chennai increased by 13 percent each, while in Mumbai and Hyderabad it jumped by 11 percent and 19 percent, respectively. On similar lines, Pune and Bengaluru, registered an increase of 11 percent and 23 percent, respectively, in hiring.
With the new government in place and hopefully a renewed focus on jobs and employment, it will be interesting to see how hiring activity receives a boost in the coming months.