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News reports 3% YoY increase in online hiring

Author: IANS/Monday, April 16, 2018/Categories: Economy reports 3% YoY increase in online hiring

New Delhi, April 16 - Online hiring activity registered a 3% growth year-on-year (YoY) in March with overall strong hiring activity observed across several core industries, a report said here on April 16.

According to the job portal's report, the fourth quarter (Q4) of 2017-18 saw a 7% rise in hiring activity as compared to Q4 2016-17.

The survey said the Naukri JobSpeak Index for March at 2,129 recorded a 3% rise when compared to the corresponding month in 2017.

"Metro cities lead the growth with Mumbai and Kolkata registering a strong growth 11% and 20% in Q4 2017-18 vs last year," said the report.

The survey noted that there has been a boost of 32% in hiring across jobs requiring production and maintenance as a key skill in Q4 2017-18 Vs Q4 2016-17.

"The JobSpeak index for March has shown a 3% YoY growth driven by significant growth in the non-IT sectors viz automobile, construction and engineering," said V. Suresh, Chief Sales Officer,

"Having said that, there seems to be an air of caution in the IT/ITES sectors and we can expect the market to sustain the momentum gained and move further north in the next few months," he added.

The report revealed that hiring across auto and auto ancillary industry increased by 33% in March 2018 as compared to March 2017. 

It said industrial products and heavy machinery industry saw an increase in hiring by 23% in March as compared to the same month last year.

BPO and the insurance industry grew by 11% and 6% respectively, while hiring across banking and financial services went up by 5%, it said.

"Industrial products and heavy machinery sector witnessed a healthy growth rate throughout the year," the report noted.

The report pointed out that hiring activity in the construction and engineering industry picked up -- clocking a 20% growth in March 2018 vs March 2017.

However, the IT-software industry continued to be sluggish and declined by 12% during the period under consideration, it said.

"JobSpeak Index of March 2018 recorded a 26% rise in hiring activity for jobs requiring production/maintenance as a key skill while hiring activity in sales/business development and site/engineering went up by 13% and 7% respectively in March 2018 vs March 2017," the report said.

"Other skills like accounts/finance and marketing/advertising grew at 4% and 1% respectively," it added.

The survey showed that overall growth was seen in hiring activity across several key cities during the month, with Mumbai witnessing a 4% growth in hiring activity while Kolkata and Delhi/NCR witnessed a rise of 5% and 3% respectively.

Other cities like -- Chennai, Bangalore and Hyderabad -- were flat in terms of hiring activity in March, it added.

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Kavita Giridhar Mallya


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