According to Naukri.com’s Job Speak Index, an indicator of job listings on the portal, hiring activity in the IT-software has grown by 19% year-on-year (YoY) by April 2016. The overall hiring activity on the portal grew by 14% YoY, however, hiring in the telecom sector decreased by 13% in the same period.
On a month-on-month (MoM) basis, the Job Speak Index for the telecom sector decreased from 925 to 749 in April, while overall hiring was up from 1968 to 1984 in the same period. The IT-software sector also decreased on a MoM basis from 2812 to 2787 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 telesales 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 BPO sector saw the highest growth in hiring activity YoY at 32%, while the insurance and IT-Software sectors saw the next highest growth at 31% and 19% respectively. Telecom, banking and oil & gas saw a decrease of 13%, 9% and 10% respectively.
City wise: All metro cities other than Kolkata, registered a growth in hiring activity, with the maximum growth recorded in Delhi, Hyderabad and Chennai at 42%, 30% and 30% respectively. Jaipur, Bangalore and Mumbai also saw a significant growth in hiring activity at 27%, 25% and 24% respectively. Pune saw the lowest growth rate among the compared cities at 5%, while hiring activity in Kolkata declined by 3%.
Increasing demand for ITES, marketing and IT sectors: According to the index data, the demand for professionals in these three sectors grew by 40%, 22% and 18% YoY respectively. Finance, sales and HR professionals also saw an increase in demand at 14%, 11% and 10% respectively. Demand for professionals in banking also increased by 17%. The demand for banking professionals decreased by 8% YoY.
Experience: 37% of the jobs on offer were for people with 4-7 years of experience, and 35% for people with less than 3 years of experience. Jobs for people with with 8-12 years of experience made up 19% 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 14% YoY in April 2016.