According to Naukri.com’s Job Speak Index, an indicator of job listings on the portal, hiring activity in the Telecom sector has grown by 27% year-on-year (YoY) by July 2015. The overall hiring activity on the portal grew by 11% YoY.
On a month-on-month (MoM) basis, the Job Speak Index for the telecom sector increased from 840 to 1027 in July, while overall hiring was up from 1749 to 1835 in the same period. Note that the index uses the total number of jobs posted in July 2008 scaled to 1000 as a base, and was realigned last December, to take into account the jobs added by the telesales team. Although the tele-calling data is a relatively small, according to Naukri, the addition of the same to the index gives a more holistic picture of the Indian job market.
Sector wise: According to the report, the banking and financial services sector saw the highest growth in hiring activity YoY at 50%. Telecom and IT-software related jobs also saw a surge in demand with 27% and 26% growth in hiring activity respectively. IT-hardware & networking also saw a growth of 21% while media, internet-related and entertainment jobs saw growth of 19% in hiring activity. Growth in pharma/biotech sectors stood at 16% while the medical/healthcare sector grew by 15%. The real estate and oil & gas industries witnessed the highest decline in hiring activity with a decline of 22% and 27% respectively.
City wise: All metro cities, with the exception of Delhi, registered a growth in hiring activity, with the maximum growth recorded in Bangalore and Pune at 19% and 17% respectively. Hyderabad and Mumbai saw a significant growth in hiring as well at 16% each, while Chennai and Kolkata registered a mediocre growth at 8% and 6% respectively. Delhi was the only metro where hiring activity declined, although marginally, by 2%.
Increasing demand for IT, Finance and HR sectors: According to the index data the demand for professionals in these three sectors grew by 23%, 22% and 20% respectively. Banking and marketing professionals also saw an increase in demand at 19% and 15% respectively. Demand for professionals in sales also increased by 12%, while the demand for professionals in ITES decreased marginally by 3%.
Experience: 38% of the jobs on offer were for people with 4-7 years of experience, and 32% for people with less than 3 years of experience. Jobs for people with with 8-12 years of experience made up 21% of the share, while only 6% of the jobs on offer were for an experience level of 13-16 years. The left over 3% of the jobs market was for people with over 16 years of experience. According to Naukri, hiring activity across all experience levels grew marginally YoY in July 2015.
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