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Naukri.com reports 10% growth in Indian job market for December

Author: IANS/Monday, January 15, 2018/Categories: Economy

Naukri.com reports 10% growth in Indian job market for December

New Delhi, Jan 15 - India's job market grew 10% in December 2017 compared to the corresponding month in 2016, a report by Naukri.com said on January 15.

"The job market continues to sustain the momentum gained in November. The (Naukri.com) JobSpeak Index has witnessed a 10% y-o-y (year-on-year) growth in December. Non-IT sectors like industrial products, construction, engineering, auto and BFSI (banking, financial services and insurance) have led the growth for the past few months," said V. Suresh, Chief Sales Officer, Naukri.com. 

He, however, added: "We could expect the job market to be volatile for the next few more months before it heads north again."

Jobs in construction and engineering sector saw a growth of 31% and insurance sector witnessed a growth of 21 per cent. Jobs in banking and financial services grew by 4% in December. In the same period jobs in BPO went up by 8% while that in the IT and software services recorded a y-o-y growth of 2%.

Key industries like, production and maintenance, auto saw a growth of 42% and 31% respectively in December 2017 when compared with December 2017, the report said.

Jobs for freshers and those having up to three years of experience and those with four to seven years of experience increased by 33% and 26% respectively in December 2017 compared to the same period in 2016, according to the report.

Hiring of people with experience of 8-12 years and 13-16 years witnessed a 21% and 19% growth in hiring in the same period, the report said . Hiring for senior management roles with experience requirement of 16 years and above rose by 24%.

"Major cities saw growth in jobs in December 2017 when compared to December 2016, " the report said. The index for Kolkata and Chennai grew by 40% and 15% respectively. Delhi NCR saw a 7 per cent growth in hiring while Bangalore witnessed 4% growth in the same period, according to the report. "Hiring sector in Mumbai remained flat in December 2017 when compared to December 2016," it said.

Naukri.com is a online recruitment platform that provides hiring-related services to corporates, recruiters, placement agencies and to job seekers in India and overseas.
 

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Kavita Giridhar Mallya

IANS

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