Hiring activity records 11% rise in May: Report

Team Udayavani, Jun 17, 2019, 4:51 PM IST

New Delhi: Hiring activity registered 11 percent jump in May over the year-ago month, largely driven by a significant uptick in recruitment activity in the IT-software sector, according to a report.

The Naukri JobSpeak Index for May 2019 stood at 2,346, indicating an 11 percent rise as compared to May 2018, when it stood at 2,106.

Besides IT-software, other industries that showed a healthy upward trend in the recruitment activity were business process outsourcing (BPO) (11 per cent), education (11 per cent), IT-hardware (11 per cent), construction & engineering (1 per cent), and fast-moving consumer goods (4 per cent).

However, hiring activity in BFSI (banking, financial services and insurance) remained stagnant, with little or no movement. Automobile & ancillary and pharmaceutical industries witnessed a dip of 16 percent and 6 percent in hiring, respectively.

Demand for entry-level job seekers with an experience of 0-3 years grew by 13 per cent.

Hiring for mid-level executives with an experience of 4-7 years grew by 14 per cent, while mid-management roles with 8-12 years of experience saw a spike of 8 per cent.

On the contrary, hiring for senior management roles with 13-16 years of experience and leadership roles with an experience of over 16 years remained flat.

Demand for talent grew across all metropolitan cities. Bengaluru, Hyderabad and Pune recorded positive growth in recruitment activity with 20 per cent, 19 per cent and 10 per cent, respectively.

The Naukri JobSpeak is a monthly index that calculates and records hiring activity based on the job listings on Naukri.com month-on-month.