New Delhi: India has seen a growth in hiring activity with the Naukri Job Speak Index for the month of July 2014 at 1649 indicating a 20 per cent growth in hiring when compared to July 2013. Monthly comparison also shows a growth of 5 per cent in hiring activity when compared to June 2014.
Industry wise hiring sentiment was exuberant with sectors like BPO and IT seeing an increase of 32 per cent and 31 per cent respectively in July 2014 as compared to July 2013. Among the top metros Pune has seen the maximum growth with the index moving up by 31 per cent in the same period.
Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd said, "Hiring activity is slowly bouncing back. We expect the hiring landscape to improve in the coming six months especially in sectors like IT and Services which continue to create most of the jobs in the country."
Industry Sector Analysis:
An in depth analysis reveals that apart from the IT and BPO sector, Banking and Telecom have seen growth with the index moving up by 25 per cent and 24 per cent in July 2014 over July 2013. Auto and construction sector have also experienced positive trajectory with the index going up by 16 per cent and 9 per cent in the same period.
Other sectors like Oil & Gas and Insurance are facing headwinds with the index moving down by 8 per cent and 4 per cent respectively in the July 2014 over July 13.
Functional Area Analysis:
The demand for professionals working in IT and BPO saw maximum growth with the Naukri Job Speak Index moving up by 31 per cent and 33 per cent respectively in July 2014 over July 2013. Professionals employed in HR and Accounts & Finance have also seen an increase of 25 per cent and 21 per cent in the same period. Professionals seeking employment in Marketing & Advertising have seen a spike of 24 per cent in July 2014 over July 2013.
Professionals working in banking and insurance have seen an increase of 11 per cent while those employed in supply chain have seen an increase of 16 per cent in July 2014 over July 2013.
City Wise Analysis:
Amongst cities, Pune saw 31 per cent growth in hiring in July 2014 over July 2013. Hyderabad and Chennai has seen a growth of 27 per cent each in the same period while Delhi NCR and Bangalore has seen a growth of 25 per cent each in July 2014 over July 2013,
Mumbai and Kolkata have seen a growth of 17 per cent and 5 per cent respectively in July 2014 over July 2013.
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