The Naukri JobSpeak Index for the month of January 2020 (2,381), marked a 6% rise in hiring activity as compared to January 2019 (2,251).
The major contributors to growth in hiring were industries like Accounting & Finance (37%), Education/Teaching (23%), Insurance (19%) and BPO/ITES (18%) while industries like Pharma (-5%) and Auto (-25%) witnessed a dip in recruitment activity. Demand for job roles in Teaching & Education (20%), BPO/ITES (17%), Accounting (14%) and Sales/Business Development (10%) also led to the overall uptick in hiring.
Commenting on the report, Pawan Goyal, Chief Business Officer, Naukri.com said, “The year has started on a cautious note with hiring activity growing by 6% in January’ 20 versus an average of 10% in the last quarter. While the Auto and Hotels & Hospitality industry continue to see a dip in hiring, the demand in Accounting & Finance and Education & Teaching industry maintains a buoyant mood. After a negative hiring growth in most of 2019, the telecom industry sees revival in recruitment activity since the past four months.”
The job markets in Hyderabad (7%), Pune (7%) and Kolkata (6%) picked up on hiring activity and have consistently grown over the past year. Bangalore and Chennai saw a negative growth in hiring at 3% and 4% respectively. Demand for entry-level professionals (0-3 years exp.) and senior-level executives (4-7 years exp.) grew by 10% and 7% respectively in January’20 YoY.