Last month saw 27% YoY growth, job creation is now led by IT-Software and ITES

A new research, conducted for the month of May 2016, showed a 27% increase in hiring activity as compared to the same period last year. Other than this, a sustained growth in the IT-Software and ITES sectors during the year has also led to an impressive hiring sentiment for these sectors, which now rule the scene of new job creation.

Telecom and Real Estate, however, were reported to have a negative sentiment in YoY index for May' 16 as compared to May'15.

The Naukri Job Speak Index survey says that the period saw an increased demand for professionals from IT-Software and ITES sectors, as the index moved upwards for most part of the year, before ending with an impressive 33% and 49% growth, respectively.

Sales and Business Development and Accounts also saw a similar trend, as these sectors saw a rise in the demand in their jobs by 19% and 22%, respectively.

Two more areas seeing a negative sentiment were Project Management and IT-Hardware and Telecom professionals, as these areas they saw their jobs going up and down throughout the year, before ending with a negative sentiment of -10% and -3%, respectively.

Talking of the metros, Delhi/NCR reported an impressive 58% YoY growth, while Mumbai and Bengaluru continued to grow at 41% and 35%, respectively.

"As predicted earlier, job market continues to head north with an impressive 27% YOY growth in May. It's good to see the index showing positive momentum across all major metros. Though IT/ITES/BPO sectors have been leading the growth for the past few quarters, sectors like pharma/biotech and insurance seem to show growth over the past few months. The market is looking good for jobseekers in the coming months," said V Suresh, chief sales officer, Naukri.com.

Here is the industry-wise analysis of core sectors:

♦ BFSI and Automobiles: Index moved up for most parts of the year and despite a few months of negative sentiment, the period ending May'16 reported a respective growth of 15% and 11%.

♦ Oil & Gas: Oil & Gas fared well in the May'16 index with a 5% growth; however it took the sector a long time to recover from continuous negative sentiments.

♦ Real Estate saw a negative sentiment and recorded a decline of -6%

♦ Pharma & Biotech professionals reported a 25% Y-o-Y growth

♦ Marketing and Banking professionals had their jobs go up by 50% and 17%, respectively

♦ HR and Top Management demand saw a Y-o-Y increase of 14% and 16%, respectively

♦ Chennai and Hyderabad posted a rise of 19% and 27%, respectively, while Pune and Kolkata reported an increase of 24% and 31%, respectively

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