Hiring activity witnessed 25% growth in December 2015 over December 2014 - Naukri Job Speak

The Naukri Job Speak Index for the month of December 2015 stood at 1783, recording a 25% growth in hiring activity over December 2014. The hiring sentiment witnessed an increase in Banking/Financial, IT-Software, Telecom and FMCG sector, whereas Oil & Gas and Insurance saw a Y-o-Y decline in the December 2015 index. Demand for IT-Software and Medical/Healthcare professionals registered a growth of 24% in the same period. Among the metros, Delhi/NCR and Mumbai recorded the maximum Y-o-Y growth in December 2015 index, followed by Bengaluru.

V. Suresh, Executive Vice President and Chief Sales Officer, Naukri.com said, “The job market continues to sustain the momentum gained over the past few quarters and is moving further north with an impressive 25% YOY growth. Though this growth is predominantly driven by sectors viz., IT, Banking, Telecom, Advertising and Media, the good news is the slow and steady revival of the Non IT sectors. Looks like this trend will continue & the year 2016 will be a year to cheer for jobseekers across sectors.”

·         Delhi/NCR and Mumbai lead the chart and record the maximum growth of 34% in December 2015 compared to December 2014

·         Banking/Financial services record a 35% Y-o-Y growth. IT-Software, Telecom and FMCG were up by 29%, 26% and 25% respectively

·         Oil & Gas sector continues to decline and recorded a Y-o-Y decrease of -27% in hiring activity

·         Demand for IT Software professionals registers a growth of 24% in December 2015 over December 2014

Industry-wise Analysis:

Apart from BFSI, IT-Software and Telecom recording a Y-o-Y growth

• Construction/Engineering also reported a growth of 24% in December 2015 over December 2014
• Real estate registered a Y-o-Y growth of 20% in December 2015 over December 2014
• Accounting/Taxation and Advertising/PR/Events grew by 118% and 69% respectively
• Core sectors like Oil & Gas and Insurance witnessed a decline of 27% and 5% respectively in December 2015 over December 2014

City-wise Analysis:

Delhi/NCR and Mumbai lead in hiring activity in the December 2015 index, whereas

·         Bangalore witnessed a growth of 28% in December 2015 over December 2014
·         Hiring activity in Hyderabad, Pune and Kolkata grew by 17%, 15% and 5% respectively
·         Chennai remained stable in the December 2015 index

Functional-area Analysis:

IT-Software employees saw an increase in the demand in the December 2015 index, whereas 

• Demand for Top Management professionals grew by 48% Y-o-Y in December 2015
• Demand for professionals in Pharma, Banking and IT/Hardware industries also witnessed a Y-o-Y growth of 24%, 17% and 9% respectively in December 2015 over December 2014
• Demand for professionals in Marketing/Advertising/PR also recorded a Y-o-Y growth of 47% in the December 2015 index