Hiring activities registered 12 % growth this March compared to the same period in 2018, mainly led by the IT industry that clocked a 38 percent growth, according to the Naukri JobSpeak Index for March 2019.
The IT- industry has shown a continuous growth in the recruitment landscape over the past six months with a notable rise of 38% growth. Recruitment for functional areas like HR and Marketing observed a growth of 13% & 12% respectively. Bangalore & Chennai saw positive growth in hiring and clocked in an 18% and 13% respectively.
Commenting on the report, Ms. Sumeet Singh, CMO Infoedge
India Ltd. said, “The JobSpeak index continues with its positive growth in hiring with a 12% rise when compared to the same period last year. Our latest Hiring outlook survey showed 89% recruiters from the IT industry stating that new jobs and replacement hiring will play a strong role in hiring. Hopefully the momentum will be sustained in
the coming months.”
Hiring Trends – Industry
The Naukri JobSpeak is a monthly Index which calculates and records hiring activity based on the job listings on Naukri.com website month on month. The industries which saw growth in recruitment activity in March 2019 were led by IT/Software 38%, construction and engineering (13 percent), BPO and ITES (9 percent), insurance (6 percent), FMCG (5 percent), education (7 percent) and IT hardware (3 percent).
The biggest drop in recruitment growth was seen by the Oil & Gas industry which dropped by 19% compared to Banking ( -15% growth), Industrial Products ( -14% growth). The other sectors which saw a slump in hiring activities were Pharma and Auto which declined by 7% and 8% respectively.
Hiring Trends – Experience
Further the report revealed that while the hiring for leadership roles (16+ years experience) has remained flat, demand for mid-level executives (4-7 years of experience) & entry-level (0-3 years of experience) had a growth rate of 14% and 12% respectively.
The demand for mid-management roles with 8-12 years of experience grew by 9 percent, while senior management roles with 13-16 years of experience recorded a 5 percent rise in hiring.
Hiring Trends – Functional Area
Recruitment activity for IT – Software continued to grow, clocking in 30% rise year-on-year. Other functional areas such as Sales & BD, ITES/BPO and IT – Hardware, and Site Engineering recorded a rise of 5%, 9%, 5% and 2% respectively for March 2019 viz-a-viz March 2018.