Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: 3.3
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.3
Article rating: 1.0
Article rating: No rating
RSS

News

Hiring in IT, software sectors surges 9% yoy, job market up 2%

Author: IANS/Thursday, August 24, 2017/Categories: Economy

Hiring in IT, software sectors surges 9% yoy, job market up 2%

New Delhi, Aug 24 - After having witnessed a spell of layoffs in the previous quarter, hiring in the IT and software industry has witnessed a surge of 9% year-on-year (yoy) during July 2017, a Naukri.com survey said.

According to the survey, the Naukri JobSpeak index rose by 2% in July 2017 indicating signs of recovery in the job market.

Data collected by the job site showed that key industries like banking or financial services saw a growth of 7%, followed by insurance of 17% and automobiles of 5% in July 2017 compared with the corresponding month of 2016.

However, it noted that business process outsourcing (BPO) and knowledge process outsourcing (KPO) jobs dipped by 17% during the period under review.

"Looks like the job market is showing signs of recovery. The Jobspeak index for July has shown a yoy growth of 2%, primarily driven by a 9% growth in the IT sector," V. Suresh, Chief Sales Officer, Naukri.com, said in a statement.

"Having said that, the market is still volatile and we can expect this to continue for a few more months before it heads north," he added.

The survey said nine cities -- out of 13 tracked -- recorded an increase in hiring activities in July 2017 in comparison with July 2016.

"The index for Delhi/NCR, Mumbai and Bengaluru grew by 12%, 17% and 12%, respectively," the survey said.

"While Chennai saw a dip of 10% in hiring activity, Hyderabad recorded a 19% increase during the same period." 

Print Rate this article:
No rating

Number of views (359)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free