New Delhi, Feb 13 - Highlighting a steady recovery of the job market, a report by Naukri.com on February 13 revealed that online hiring activity registered a 14% growth year-on-year (YoY) in January.
The survey said the Naukri Job Speak index for January at 1,951 recorded a 14% growth from the corresponding month in 2017, with both major urban cities, as well as tier II markets witnessing good YoY growth during the month under review.
According to the job portal's report, some of the key industries to observe growth during the reviewed month were insurance at 73% and auto at 44%.
"Looks like there is a slow and steady revival of the job market. The Job Speak index has shown a YoY growth of 14% in January after a 10% growth in December," said V.Suresh, Chief Sales Officer, Naukri.com.
"Non-IT sectors viz BFSI (banking, financial services, and insurance), auto, engineering and industrial products continue to sustain the momentum gained over the past few months. Having said that, the uncertainty in the market may continue for a few more months or so," he added.
In January 2018, jobs in the oil and gas sector grew by 43%, while jobs in construction and engineering, and the banking and financial services sectors recorded a 41% and 40% growth in hiring respectively, the report pointed out.
"Jobs in industrial products and pharma and biotech went up by 34% and 14% respectively in January 2018 when compared to January 2017," said the report.
"Jobs in BPO sector witnessed a growth of 9% in January 2018 when compared with January 2017, while jobs in IT-software sector slipped by 6%," it added.
Other sectors included banking/insurance -- which grew by 78% -- followed by production/maintenance (up 55%), site engineering jobs (up 43%), marketing and advertising roles (up 19%), sales/BD (up 24%), and BPO/KPO jobs (up 3%).
The report noted that the IT industry went slow by a downfall of 2% during the month under review.
Citywise, hiring activity in Delhi grew by 20%, while Mumbai and Hyderabad saw 18% and 6% growth, respectively.
"Hiring sector in Bengaluru and Chennai remained flat in January 2018 when compared to January 2017. Kolkata saw a growth of 34%," the survey said, adding that the tier II markets in terms of hiring have also performed well.