Hiring activity Grows 6 Percent In June 2019 Compared To June 2018: Naukri JobSpeak
Hiring activity in the IT-Software industry clocked in a growth of 26 percent, making it one of the fastest growing industries
Hiring activity marked a 6 percent rise for June 2019 compared to June 2018 in The Naukri JobSpeak Index.
Hiring activity in the IT-Software industry clocked in a growth of 26 percent, making it one of the fastest growing industries. Professionals in functional areas like HR/Administration and Sales/ BD were at demand since the hiring for them marked a rise of 15 percent and 7 percent respectively. Hiring in Bangalore and Hyderabad recorded growth of 10 percent and 8 percent respectively.
Sumeet Singh, Chief Marketing Officer, InfoEdge India Ltd. said, “The JobSpeak index has been in growth mode for the last six months. Cities in the South and Pune continue to grow well even in June owing to IT. The Banking sector continues to dip in June. The Hiring Outlook survey is underway as we speak, looking forward to the forecast.”
Hiring Trends - Industry
Besides IT-Software, other industries which showed a healthy upward trend in the recruitment activity were - Advertising/PR (14 percent), FMCG (8 percent), and Media/Dotcom (11 percent). The insurance industry saw a growth of 17 percent. However, Auto & Ancillary and Banking & Accounts witnessed a dip of 18 percent and 11 percent in hiring respectively.
Hiring Trends – Functional Area
Demand for IT Professional saw high momentum with a rise of 18 percent. The demand for HR/ Administration professionals grew by 15 percent and that for Sales / BD profile marked a rise of 7 percent in June 2019 vs June 2018. However, hiring for professionals in Banking and BPO area recorded a dip of 14 percent and 2 percent respectively.
The above graph depicts the year-on-year increase in hiring activity across various experience levels
Hiring Trends - Experience
The demand for beginners with an experience of 0-3 years grew by 5 percent, whereas mid-level executives with an experience ranging from 4-7 years grew by 8 percent. Recruitment activity for mid-management roles with 8-12 years of experience grew by 8 percent. Hiring for roles in senior management with 13-16 years of experience saw a rise of 2 percent. On the other hand, leadership roles with experience of 16+ years saw a dip by 2 percent.