Overall Hiring Activity Improves In September ‘19: Report
Hiring in IT-Software and BPO industries continued to grow, however, industries like banking (-5%) and auto (-20%) continued to witness a dip
The Naukri JobSpeak Index for September ‘19 (2,279) witnessed a rise of 8 percent compared to September ‘18 (2,119).
Hiring activity in IT-Software and BPO industries continued to grow by +33 percent and +19 percent, respectively during the month of September ‘19. However, hiring in industries like Banking (-5%) and Auto (-20%) continued to witness a dip. Demand for professionals across functional areas like ITES and Sales grew by 16 percent and 4 percent respectively while amongst experience bands, hiring for mid-management roles (8-12 yrs. exp.) witnessed the highest YoY growth (+10%). Amongst cities, Hyderabad and Bangalore led the way with robust growth rates +25 percent and +16 percent respectively.
Pawan Goyal, Chief Business Officer, Naukri.com said, “After a flat August ‘19, hiring has made a comeback in September ‘19 on the back of strong growth in IT sector. The slowdown still continues to reflect in Auto and Banking industries. Having said that, all other key industries have posted positive YoY growth rates during September ‘19.”
Hiring Trends - Industry
Demand for professionals from the IT-Software industry grew significantly by +33 percent. Other major industries that observed an increase in hiring during September ‘19 were BPO (+19%), FMCG (+10%) and Construction (+8%). The industries that experienced a dip in hiring were Auto (-20%) and Banking (-5%). Industries like Pharma, Telecom and Advertising also saw a rise of +3 percent, +15 percent, and +9 percent respectively.
Hiring Trends – Functional Area
Recruitment activity in IT- Software, Sales and BPO grew by +27 percent, +4 percent, and +16 percent respectively. However, hiring for HR professionals witnessed a decline of -2 percent. Other functional areas like IT- Hardware and Accounts saw a rise of +4 percent and +10 percent respectively.
Hiring Trends - Experience
When it comes to hiring by experience, there was a positive YoY trend across all experience bands. Demand for entry-level jobseekers (0-3 yrs. exp.) grew by +8 percent whereas demand for mid-level executives (4-7 yrs. exp.) and middle - management roles (8-12 yrs. exp.) grew by +9 percent and +12 percent respectively. Hiring for senior management roles (13-16 yrs. exp.) and leadership roles (16+ yrs. exp.) saw a rise of +5 percent and +3 percent respectively.
Hiring Trends - City
All major cities witnessed positive growth in hiring activity during the month of September ’19. This was led by increased hiring activity in cities like Hyderabad and Bangalore.
Hiring activity in the Delhi/NCR witnessed a rise of +5 percent, while overall hiring activity in Bangalore grew by +16 percent largely fuelled by robust growth in IT - Software (+50 percent), IT - Hardware (+31 percent) and accounting (+125 percent). Recruitment in Mumbai showed an increase of +3 percent during September ‘19.
Hyderabad recorded the highest growth rate of +25 percent amongst all major cities during September ‘19 led by significant increase in IT hiring, FMCG and pharma