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Hiring Activity Pace In India Picks up 27% In May: Report

Hiring Activity Pace In India Picks up 27% In May: Report

New Delhi: Hiring activity grew at 27 per cent in May led by IT, ITeS and BPO while sectors like pharma, biotech and insurance showed some serious traction over the past few months, says a report.

The Naukri Job Speak Index for May 2016 stood at 1,993, an increase of 27 per cent over May 2015.

Sustained growth in IT-software and ITeS during the year led to an impressive hiring sentiment for these sectors and demand for professionals for both grew by 33 per cent and 49 per cent, respectively.

A similar trend was seen in demand for sales, business development and accounts professionals.

“As predicted earlier, job market continues to head north with an impressive 27 per cent y-o-y growth in May,” Chief Sales Officer V Suresh said, adding that “the market is looking good for job-seekers in coming months”.

“Though IT, ITeS and BPO sectors have been leading growth for the past few quarters, sectors like pharma, biotech and insurance seem to show growth over the past few months,” Suresh said.

The index showed a positive momentum across all major metros. While Delhi-NCR reported an impressive growth of 58 per cent, jobs in Mumbai and Bengaluru continue to grow by 41 per cent and 35 per cent, respectively.

Growth in hiring pace in insurance and automobile sectors in May came in at 31 per cent and 11 per cent, respectively, compared to the same month last year.

BFSI as a whole reported a growth of 15 per cent.

On the other hand, telecom and real estate saw negative sentiment on the y-o-y index in May over the year-ago period.