Hiring activities registers 12 pct growth this March led by IT industry

Hiring activities registered 12 per cent growth this March mainly led by the IT industry that clocked a 38 per cent growth, says a report. The Naukri JobSpeak Index for March 2019, stood at 2,378, which is 12 percent higher in hiring activities from March 2018, at 2,129.

The IT-industry has shown continuous growth in the recruitment landscape over the past six months, recording a rise of 38 per cent growth. Recruitment for functional areas like human resources and marketing observed a growth of 13 per cent and 12 per cent respectively.

"The JobSpeak index continues with its positive growth in hiring with a 12 per cent rise when compared to the same period last year. Our latest hiring outlook survey showed 89 per cent recruiters from the IT industry stating that new jobs and replacement hiring will play a strong role in hiring. Hopefully, the momentum will be sustained in the coming months," InfoEdge India CMO Sumeet Singh said.

The Naukri JobSpeak is a monthly Index which calculates and records hiring activity based on the job listings on Naukri.com website month on month. The industries in March 2019 which saw growth in recruitment activity were construction and engineering (13 per cent), BPO and ITES (9 per cent), insurance (6 per cent), FMCG (5 per cent), education (7 per cent) and IT hardware (3 per cent).

Since the beginning of the year, IT software has been on a hiring spree, on the other hand, industries like auto ancillary and banking and financial services saw a dip of 8 per cent and 15 per cent in hiring, respectively, it said. Further, the report revealed that demand for mid-level executives, in the experienced band of 4-7 years, grew by 14 per cent whereas recruitment for entry-level jobs, with an experienced band of 0-3 years, witnessed a rise of 12 per cent.

Recruitment activity for mid-management roles with 8-12 years of experience grew by 9 per cent, while senior management roles with 13-16 years of experience recorded a 5 per cent rise in hiring. Moreover, it said, hiring for leadership roles with experience band of over 16 years remained flat.

When it comes to cities, the report said, Bengaluru and Chennai saw positive growth in hiring and clocked in 18 per cent and 13 per cent, respectively. In Bengaluru the IT-software industry recorded a growth of 49 per cent in their recruitment activities, however, the auto and ancillary and BFSI industry saw a dip of 6 per cent and 43 per cent, respectively.

While hiring for leadership roles with experience band of over 16 years in the city saw a growth of 29 per cent in March, according to the Naukri JobSpeak Index. Meanwhile, in Chennai the IT and software dominated the hiring scenario by 45 per cent growth while BFSI saw a dip of 12 per cent, it said.

Functional area of ITES continued to remain positive with a growth of 24 per cent in Chennai and hiring for management roles with experience band of 4-7 years saw a growth of 25 per cent in March, it added.