The Naukri JobSpeak Index for August 2018, at (2,161), marked a 17% rise in hiring activity from August 2017 (1,851).
The Insurance & Construction/Engineering industries recorded notable rise in the hiring activity, growing by 68% and 22% respectively. The Oil & Gas industry which is undergoing revival, witnessed an increase of 36% in recruitment in August 2018. Hiring was positive across the metropolitan cities, increasing by 22% in Mumbai and 18% in Chennai.
V. Suresh, Chief Sales Officer, Naukri.com said, “The Job speak Index has been consistently surging ahead over the past few months. The index for August has shown a very healthy 17% YOY growth. Apart from Non-IT sectors viz. Auto, Auto Ancillary, Real estate, Construction & BFSI, good news is the slow and steady revival of the IT & ITES sectors. The job market is likely to move further north in the months to come.”
Key Highlights of Naukri JobSpeak for August 2018 vs August 2017
Hiring Trends – Industry Wise
The emerging technologies have ensured an increase in demand for IT professionals in August 2018. IT-Software industry saw clear signs of recovery with a year-on-year rise of 17% in hiring activity. The industries with some of the biggest increases in hiring in August were Industrial Products/Heavy Machinery (30%), Auto/Ancillary (26%) and FMCG (24%), BPO (19%).
Hiring trends- Domain Wise
Skill-based hiring was concentrated in the fields of – HR/Administration (27%), Production/Maintenance (32%), Sales/BD (22%) and Marketing/Advertising (10%).
Hiring Trends – Experience Wise
The demand for young talent remained high as job creation for freshers (0-3 years) saw an increase of 19%. Talent acquisition for the experience band of 4-7 years and mid-management roles of 8-12 years grew by 17% and 15% respectively. Leadership roles with experience of 16+ years witnessed an 11% rise in hiring.
Hiring Trends – City Wise
Recruitment has grown positively across the metro cities. Some of the notable trends are as follows:
Delhi/NCR: Hiring activity grew by 12%. The industries which saw a rise in recruitment activity in this city were Construction/Engineering, Education and Insurance. HR/Administration, Banking/Insurance, IT-Software and Production/Maintenance are the domains that saw the maximum traction in terms of hiring in August 2018
Chennai: Witnessed a rise in recruitment of 18%. Hiring was focused on industries such as Auto/Ancillary, BPO and Banking/Insurance. The city also witnessed an increase in demand for domains such as HR/Administration, IT-Software and BPO.
Mumbai: Hiring activity for the city increased by 22%. The industries that saw increase in hiring were Accounting, Banking/Insurance, BPO and IT-Software. The domains where majority of hiring took place were Sales/BD, Production/Maintenance and Pharma.
Hyderabad: Recruitment activity grew by 11% in July 2018. Industries with high job creation were BPO, Education and Insurance. Domains such as Banking, HR/Administration and Sales/BD saw good growth in hiring.
Kolkata – Hiring activity saw a growth of 21% with recruitment accelerating for BPO, IT-Software and Insurance sector. The domains that were the prime focus for the recruiters in Kolkata were Accounting and Banking / Insurance.
Bangalore – Hiring in Bangalore went up by 9% in July 2018. The industries that saw the maximum growth in hiring were IT-Software and Accounting. BPO and Marketing/Advertising were the domains that witnessed maximum rise in hiring.
Pune – Hiring activity in Pune grew by 26%. The hiring trend of the city was led by Banking/Insurance and Auto industry. The domains that witnessed the maximum hiring were Sales/BD, Production/Maintenance, BPO and IT-Software.