Hiring activity sees 8% rise in September: Naukri JobSpeak Index
Hiring activity has seen a rise of 8% in September on the back of strong growth in the IT sector, while the auto and banking industry continued to witness a dip, as per the Naukri job index, Naukri Job Speak. The Naukri JobSpeak Index for September stood at 2,279 registering a rise of 8 percent compared to the year-ago period when it was at 2,119.
While hiring activity in IT-software and BPO industries continued to grow by 33 percent and 19 percent, respectively during the month of September, however, hiring in industries like banking was down by 5 percent and the auto industry registered a dip of 20 percent.
Pawan Goyal, Chief Business Officer, Naukri.com stated, “After a flat August, hiring has made a comeback in September on the back of strong growth in IT sector. The slowdown still continues to reflect in the auto and banking industries.”
Meanwhile, hiring in the FMCG, Construction, Pharma, Telecom and Advertising sectors grew by 10 percent, 8 percent, 3 percent, 15 percent, and 9 percent, respectively.
Key highlights from the report
Here are a few other important highlights from the Naukri JobSpeak, September 2019:
- Demand for ITES and sales professionals grew by 16 percent 4 percent
- Hiring for mid-management roles witnessed 10 percent YoY growth
- Hiring for HR professionals witnessed a decline of 2 percent
- IT-hardware and accounts posted a rise of 4 percent and 10 percent
- Demand for entry-level jobseekers (0-3 yrs. exp.) grew by 8%, mid-level executives (4-7 yrs. exp.) by 9%, middle-management roles (8-12 yrs. exp.) by 12%, senior management roles (13-16 yrs. exp.) by 5% and leadership roles (16+ yrs. exp.) by 3%
- Citywise, Hyderabad and Bengaluru, led the way with robust growth rates of 25 percent and 16 percent, respectively, followed by Delhi/NCR at 5%, Pune by 5%, Mumbai by 3%, and Chennai by 2%
The report clearly points out that the auto industry is still in the throes of a slowdown. A million contractual manufacturing jobs are at risk in the automobile sector due to the consumption slowdown, as per Rajan Wadhera, President of the Society of Indian Automobile Manufacturers (SIAM). Will the festive season bring any cheer for the automobile sector, only time will tell.