Hiring activity registered a 9 per cent jump in April driven largely by IT, banking and financial services (BFSI) as outlook remains bullish, says a report.
“The Job market continues to sustain the momentum gained in February and March 2015,” Naukri.com Executive Vice President and Chief Sales Officer V Suresh said, adding that it “looks like good times are ahead for jobseekers as there is a huge war for high quality talent in some of these sectors.”
The Naukri Job Speak Index stood at 1,736 in April 2015, recording a 9 per cent increase in hiring activity over April 2014.
Besides BFSI, accounting and IT-Software industries which led the growth charts, the healthcare and pharma industries witnessed a year-on-year growth of 9 per cent and 3 per cent respectively.
IT-hardware and retail industries recorded a marginal growth of 3 per cent in April this year over the corresponding period last year.
All India figures
City-wise, all metro cities registered an increase in hiring activity in April 2015 in comparison to April 2014.
Bangalore topped the charts in terms of hiring activity in the April this year, followed by Pune and Pune, Hyderabad, Mumbai and Chennai. Meanwhile, Delhi-NCR registered the lowest year-on-year growth rate in hiring activity among metros (3 per cent).
During April, the demand for professionals in banking and insurance and IT-software saw a year-on-year growth of 30 per cent and 26 per cent respectively, the report said.
Hiring activity jumps 18% in Pune
The Naukri Job Speak Index for April 2015 for Pune was at 2,188 indicating an 18 per cent increase in the hiring activity in comparison to April 2014.
While sectors like banking and financial services showed robust hiring with the index going up by 75 per cent during the month, those like construction and engineering and insurance saw a decline of 5 per cent and 23 per cent, respectively in their hiring activity over the same period.
A detailed analysis reveals that apart from insurance, auto and construction and engineering, most key sectors like IT-software/software services and accounting saw an increase in their hiring with the index moving up by 22 per cent and 27 per cent, respectively in April.
Hiring activity in the auto sector remained stable in the same period.
Demand for professionals working in IT-Software saw an increase of 26 per cent in April 2015 over April 2014. But professionals employed in Project Management and Production and Maintenance witnessed a marginal dip of 12 per cent and 6 per cent, respectively. Even employment opportunities for Engineering Design - R&D professionals saw a decline of 8 per cent during this period.