
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
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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