The Naukri JobSpeak Index for May 2018 shows 11 percent rise in hiring activity at 2,106 in 2018 from 1,904 in May 2017.
Commenting on the report, V. Suresh, Chief Sales Officer, Naukri.com said, “The JobSpeak index continues to sustain the momentum gained and has shown an 11 percent YOY growth in May followed by an impressive 21percent growth in April. Good to see this growth led by core sectors like Auto, Auto Ancillary, Construction, Engineering and FMCG. The overall rise in talent demand is a clear indicator of an increase in employment opportunities and thereby broadening India’s hiring outlook.”
The steepest growth in hiring has been observed in the Auto/Ancillary sector with 31 percent year-on-year growth in May 2018. This was followed by Construction and Engineering which experienced a sharp rise of 21 percent in hiring activity. In May, Telecom sector also regained growth as hiring went up by 25 percent. After consecutive years of slow growth, the FMCG industry also gained momentum with steady growth in hiring, showing an increase of 21percent. Interestingly, IT/ Software industry experienced only 2 percent increase in recruitment, while the Oil & Gas industry saw a growth of 11percent. Other industries such as Industrial Products & Heavy Machinery, Pharma and BPO also witnessed increases in hiring by 18percent each.
The report further said that Marketing and Advertising, HR and Administrative and Sales are some of the highly sought after skill-based jobs in demand. Attributing the increase in hiring to Artificial Intelligence (AI) enhancing the scope of targeted marketing, the reports says that this skills saw a 22 percent increase in demand. Speaking of skill sets in demand, HR & Administration professionals are not far behind. As per the report, analytical, result-oriented, experienced leaders conducting high volume hiring are in demand and saw an 18 percent increase in hiring.
Another interesting highlight of the report is the rise in job creation for freshers.
As per the report, companies are deploying new technologies and are willing to look for young talent who have the potential to adopt these technologies faster. Thus leading to a 15 percent increase in demand for freshers.
Mid-level management roles (4-7 years) and Sub-senior (8-12 years) and top-management (more than 16 years) also saw a growth in demand by 11percent and 5 percent respectively.
Lastly, in terms of city, a positive hiring sentiment was seen across key cities, with double-digit growth in hiring registered for Delhi/NCR (15percent) and Mumbai (14percent). Even non-metro cities saw significant growth in job opportunities.