Hiring activity sees 21% rise: Report

Our Bureau New Delhi | Updated on May 09, 2018 Published on May 09, 2018

Hiring activity increased 21 per cent in April 2018 compared to last year primarily driven by auto, construction and engineering sector, according to a report.

The rise is on the back of 11 per cent slump in hiring activity experienced in April 2017 due policy reforms that had an impact on the job market.

The Naukri Job Speak Index for April 2018 stands at 2139 compared to 1768 in April 2017, according to the report by the online job portal

Major industries which witnessed double digit growth in hiring activity for April 2018 are auto sector at 44 per cent, construction and engineering at 34 per cent, banking and financial services at 29 per cent, IT at 20 per cent, oil and gas at 17 per cent and pharmaceuticals at 12 per cent as compared to April 2017.

V Suresh, Chief Sales Officer, said in a press statement, “This heralds a good start to the new financial year with growth across sectors and signals positivity.

We expect the market to stay cautiously optimistic in the months to come.” In terms of hiring based on experience, demand for people with 0-3 years of experience is consistent, up 6 per cent in April 2018 compared to April 2017.

However demand for top management experience level of 8-12 years and 13-16 years declined by 1 per cent and 6 per cent respectively for the same time period.

Senior management with experience of more than 16 years saw a marginal increase of 2 per cent. For the given time period, hiring in Chennai grew the highest at 25 per cent followed by Delhi at 24 per cent. Pune and Kolkata grew 23 per cent whereas Mumbai and Bangalore witnessed a 17 per cent growth in April 2018 as compared to April 2017. Hyderabad saw 13 per cent growth in hiring.

Published on May 09, 2018
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