Thursday, July 14, 2016

Delhi-NCR Leads Job Index with 46 % Growth,India Inc. hiring sentiment moves up by 22%

India Infoline News Service | Mumbai | July 13, 2016 18:19 IST
The growth during this period was predominantly led by sectors such as Telecom, IT-Software, ITES, Healthcare and Insurance. Other sectors such as BFSI and Pharma were stagnant in current index of June’16 as compared to June’15.

The Naukri Job Speak Index for the month of June 2016 stood at 2129 recording an increase of 22% in hiring activity over June 2015. The growth during this period was predominantly led by sectors such as Telecom, IT-Software, ITES, Healthcare and Insurance. Other sectors such as BFSI and Pharma were stagnant in current index of June’16 as compared to June’15.
 
Increase in demand for professionals working in IT-Software started from January’16 onwards and for the month of June’16, they saw their jobs go up by 19% over same period last year. Similar trends were seen for Sales and Business Development professionals on Y-o-Y basis, they saw an 11% increase in new jobs. Demand for professionals in Marketing and Advertising industry witnessed an impressive 34% growth in new jobs creation in the month of June’16 over June’15.
 
Among the metros, Delhi/NCR leads with a 46% growth followed by Chennai and Hyderabad at 43% and 36% respectively. Mumbai, Bangalore and Pune also report growth of 24%, 18% and 13% respectively in June’16 over June’15.
 
V. Suresh, Chief Sales Officer, Naukri.com said, “The job market continues to sustain the momentum gained over the past few months and is moving further north with an impressive 22% Y-o-Y growth in June’16. Though this growth is predominantly driven by sectors viz., IT, Telecom and Healthcare we can expect the other sectors to pick up in the next few months or so. Looks like good times ahead for jobseekers.”
 
Industry-wise analysis:  The detailed analysis of core sectors is as follows:
  • IT-Software registered a growth of 19% in June’2016 over June 2015
  • Auto & Auto Ancillary sector continues to register a Y-o-Y upward movement and records 14% growth in June’16 index
  • In addition to this, Healthcare sector has also shown tremendous growth of 37% in June’16 over June’15
  • On the contrary, sectors like Real Estate, Oil & Gas and Construction & Engineering witnessed a dip of 9%, 3% and 15% in June’16 index
Functional Area analysis: Demand for professionals in IT-Software continues to grow, analysis of other industry professionals are as follows:
  • IT – Hardware & Telecom and Finance professionals witnessed an increase of 13% and 11% respectively
  • Demand for professionals in Marketing & Advertising recorded remarkable growth of 34% in June’16 index
  • Professionals in Top Management witnessed a decline of -8% in the June’16 index
  • Increased demand was seen for Pharma professionals with an impressive 26% Y-o-Y growth
City-wise analysis: All metro cities witnessed growth in jobs this year in June compared to the same time period last year.
  • Among the metros, Delhi/NCR reported a Y-o-Y growth of 46% in the June’16 index
  • Followed by Chennai and Hyderabad registered an increase of 43% and 36% respectively
  • Mumbai and Bengaluru recorded an increase of 24% and 18% respectively; as well as Pune witnessed an increase of 13% in June’16 over June’15

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