IT-Software and Insurance sectors record 28% growth in Feb’16 over Feb’15, reports Naukri Job Speak
· At an overall level, hiring activity grows by 18% in the February’2016 index
· Other sectors such as ITES and Pharma are up by 17% and 12% respectively
· Demand for professionals in IT-Software and ITES grows by 21% and 26% respectively
Mumbai, 14th March, 2016:
The Naukri Job Speak Index for the month of February 2016 stood at 1937
recording an increase of 18% in hiring activity over February 2015.
Sustainable growth in hiring activity during the period led to an
impressive Y-o-Y growth for IT-Software and Insurance sector. Increased
hiring sentiment was also recorded in ITES (17%) and Telecom (6%), where
hiring activity remained positive for most parts of the period
Feb’15-Feb’16. A negative hiring sentiment was recorded in BFSI, where
the period started on a positive note and despite spurts of recording
growth during the year, ended with a decline of -5% in Feb’16 over
Feb’15.
Demand
for professionals in top sectors also recorded positive movement.
IT-Software recorded an increased demand of 21% in hiring professionals,
the positive trend that started from Feb’15 saw upsurge in the months
of June-July’2015 and ended with index reaching more than 2650 for
IT-Software in Feb’2016.
Demand
in ITES saw a growth in hiring professionals going up by 26%, the index
that started at 1891 in Feb’15 remained positive for most parts of the
period of Feb’16 over Feb’15 and witnessed a sudden increase in Feb’16
with index reaching 2373, thereby increasing the demand. Sales
professionals saw demand in their jobs going upwards by 15%, the month
of June-July 2015 spelt good news and the period ended on a positive
note for them.
Among
the metros, Mumbai leads the growth with 24% increase in hiring
activity in Feb’16 over Feb’15. Delhi/NCR came second with 23% growth,
and Bengaluru was at third position with 22% growth in the Naukri Job
Speak Index for Feb’16 over Feb’15.
V. Suresh, Chief Sales Officer, Naukri.com
said, “As predicted earlier, Job market seems to sustain the momentum
gained over the last few quarters and is heading North with 18% growth
in February 2016. Looking at the consistency and pace at which the index
is moving over the past few months, I am cautiously optimistic that we
are at the cusp of a solid growth phase and good times are ahead for
jobseekers.”
Industry-wise Analysis: Core sectors such as IT-Software, Insurance and ITES have shown positive trends, others are as following:
· Pharma and Biotech record a growth 12%
· Automobiles and Telecom are up by 7% and 6% respectively
· Real Estate witnessed a Y-o-Y growth of 6%
· FMCG recorded a growth of 29%
· Construction and IT-Hardware reported a decline of -11% and -22% respectively
Functional Area Analysis
· Demand for Top Management professionals witnessed an impressive 51% Y-o-Y growth
· Marketing and Accounts professionals also witnessed growth in demand by 39% and 27% respectively
· Banking professionals also recorded 15% growth in their jobs in the Feb’16 index
· Demand for Project Management professionals continues to decline with -16% decrease in the Feb’16 index
City Wise Analysis
All metro cities registered an increase in hiring activity in February 2016 over February 2015
· Mumbai leads the race with 24% growth
· Delhi/NCR and Bangalore are at 23% and 22% respectively
· Kolkata records a growth of 21%
· Hyderabad, Pune and Chennai witness a growth of 15%, 13% and 12% respectively
About Naukri.com
Naukri.com,
India’s No. 1 job site and the flagship brand of Info Edge introduced
the concept of e-recruitment in India. Since its inception in 1997,
Naukri.com has witnessed continuous growth while outperforming its
competitors in every sphere. Info Edge was the first internet Company to
be listed in India. The site enjoys a traffic share of 72% as per
ComScore. Naukri.com is a recruitment platform that provides
hiring-related services to corporates/ recruiters, placement agencies
and to job seekers in India and overseas. It offers multiple products
like Resume Database Access, listings and Response Management Tools.
With more than 1, 60,000 jobs live at any point and over 41 million CV’s, Naukri.com serviced over 48000 corporate clients in 2013-2014. The company employs over 3100 people operating through 56 offices in 42 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.
Thanks & regards,
Ameya Gore
Associate
+91 9769251999
Ameya Gore
Associate
+91 9769251999
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