According to Naukri.com’s Job Speak Index, an indicator of job listings on the portal, hiring activity in the IT-software and telecom sectors has grown by 29% and 26% year-on-year (YoY) respectively, by December 2015. The overall hiring activity on the portal grew by 25% YoY.
On a month-on-month (MoM) basis, the Job Speak Index for the telecom sector decreased from 1389 to 868 in December, while overall hiring was up from 1599 to 1783 in the same period. The IT-software sector on the other hand grew from 2175 to 2366 on a MoM basis in the same timeframe. Note that the index uses the total number of jobs posted in July 2008 scaled to 1000 as a base, and was realigned in December 2014, to take into account the jobs added by the tele sales team. Although the tele-calling data is 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/financial services sector saw the highest growth in hiring activity YoY at 35%, while IT/software and telecom sector jobs saw a growth of 29% and 26% respectively. Pharma and BPO sectors also saw a growth of 19% and 16% respectively, while hiring in the oil and gas industry declined by 27% in the same period.
City wise: All metro cities other than Chennai, registered a growth in hiring activity, with the maximum growth recorded in Delhi and Mumbai at 34% each. Bangalore, Hyderabad and Pune saw a significant growth in hiring as well at 28%, 24% and 15% respectively. Kolkata saw a growth in hiring to a lesser extent at 5%, while hiring in Chennai decreased by 1%.
Increasing demand for marketing, ITES and sales sectors: According to the index data, the demand for professionals in these three sectors grew by 47%, 30% and 27% respectively. HR, IT and finance professionals also saw an increase in demand at 25%, 24% and 22% respectively. Demand for professionals in banking also increased by 17%.
Experience: 39% of the jobs on offer were for people with 4-7 years of experience, and 34% for people with less than 3 years of experience. Jobs for people with with 8-12 years of experience made up 20% of the share, while only 5% of the jobs on offer were for an experience level of 13-16 years. The remaining 2% of the jobs market was for people with over 16 years of experience. According to Naukri, hiring activity across all experience levels grew by nearly 20% YoY in December 2015.