In India Hiring Surges By 23% In September 2014

With the business sentiment improving in the country, hiring in India Inc too seems to be getting back on the growth trajectory. According to market estimates, there has been a 23% surge in hiring in September over last year.

“The Naukri Job Speak Index has been growing steadily for the past two months, suggesting a sustained momentum in hiring activity. We expect the upward growth trend to continue in the coming months”, said Hitesh Oberoi, managing director and CEO of Info Edge India.

As per the study done by job portal Naukri.com, the hiring activity in sectors such as banking and IT has grown by 35% year-on-year. While in oil, gas and pharmaceutical sectors, the hiring activity has surged by 28% every year.

Beleaguered sector such as telecom has also experienced a rise in the hiring by 26% while BPO and Insurance sectors have moved positively with the index going up by 16% and 13% respectively in September 2014.

The hiring activity in industries like construction and media also went up by 10% and 6% respectively in September 2014 over as compared to last year.

In terms of the functional areas, the market saw the maximum demand for human resource and banking professionals with the index going up by 35% and 36%, respectively, last month over September 2013. While IT and supply chain professionals ranked second on the index with 32% and 29%, respectively. Hiring of professionals in other areas such as accounts, finance and BPO grew by 23% each last month.

As far as the work experience of the candidates was concerned, job seekers with an experience between 4 years and 7 years were preferred with the nearly 37% hiring done in this segment followed by fresher (0-3 years) with 33% recruitment done in fresher category. However, the recruitment became steep as candidates climbed up the ladder as the hiring in senior management (over 16 years of experience) was only 3%.

Interestingly, when compared to the recruitment done in August 2014, sectors such as BPO, ITes, auto and auto ancillary, telecom, insurance, FMCG, food and beverage, chemicals, media and entertainment, real estate, consumer durables, semi conductors and electronics, jewellery, social service and government witnessed a decline.

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