Although the hiring activity seems to be up this month by 3%, the IT-Software segment reported a decline of 21% in the same period in the corresponding year ie. July 2015, according to the Naukri Job Speak Index for the month of July 2016.
ITeS reported an impressive 46% Y-o-Y growth, healthcare is up by 23% followed by Auto/Auto ancillary at 17% whereas IT-Software and Telecom reported a decline of 21% and 32% respectively in the July ’16 index. Demand for professionals in ITeS has grown remarkably, whereas, IT-Software and IT-Hardware showed downward movement of 14% and 15% respectively.
V Suresh, Chief Sales Officer, Naukri.com said, “Post an impressive 22% Y-O-Y growth in June’16, though the index for July shows muted growth of just 3%, good news is the slow and steady growth in the NON-IT sectors viz., Auto, Hospitality, Education and Healthcare to name a few. Looks like this trend will continue and we can expect the index to move north in the coming months.”
The demand for professionals in ITES saw a Y-O-Y growth of 126% in Jul’16 as compared to Jul’15 index. The demand for professionals in Marketing/Advertising/PR grew by 7% Y-O-Y in July 2016. In contrast, the demand for professionals working in IT-Software, IT- Hardware and Accounts/Finance saw a Y-o-Y decline of 14%, 15% and 7% respectively in the July’2016 index.
Among the metros, Chennai is the only city which witnessed an upward movement of 7% in July’16 index. Whereas, cities like Delhi/NCR, Mumbai, Pune, Bangalore and Hyderabad recorded decline respectively in the Y-O-Y chart of Naukri Job Speak Index for the month of July 2016.