Online hiring activity in India witnessed a near-stagnant growth, with a rise of just 1% in August as compared to last year, says a news report.The Naukri JobSpeak Index, which measures the said hiring activity, stood at 1,851 – growing just 1% from August 2016.
However, on the bright side, eight of the 13 cities that were a part of the survey showed positive growth, and key industries like auto (11%), construction/engineering (9%) and Banking and Financial Services (BFSI – 5%) were also in the green. BPO/KPO jobs also grew by 7%. These developments are being considered as healthy indicators of recovery for an economy that has experienced many a turbulent disruption in the last one year. Nonetheless, the economy is expected to be volatile before stabilising and growing, for a few months at least, adds the report.
While Delhi (4%), Mumbai (1%), Hyderabad (8%) and Chennai (5%) all saw an increase in the hiring activity, Bengaluru saw a decrease of 3%. Hiring in IT-software services jobs contracted by 6% as compared to August last year.
Similarly, those with experience of 13-16 years (senior management) saw a growth of 6%, 4-7 years saw a dip of 1% and entry level jobseekers witnessed a growth of 3%.
V Suresh, Chief Sales Officer at Naukri, says in the report, "Good to see the job market showing signs of recovery. The JobSpeak index for August has shown a Y-o-Y growth of 1 per cent... the recovery seems to be spread across geographies with 8 of the 13 cities surveyed showing positive growth.”