Hiring activity surges 16% in April, IT records 39% growth; 15% dip in banking, auto sector: Report

New Delhi: Hiring activity grew by 16 percent in April compared to a year-ago period, mainly led by the IT industry that registered a 39 percent growth, according to a report.

The Naukri JobSpeak Index for hiring activity for April 2019 stood at 2,477 which is 16 percent higher from April 2018, when it stood at 2,139.

The IT-software industry recorded a 39 percent hiring growth over last year in April. Hiring in functional areas like site engineering, sales, and business development observed a growth of 26 percent and 9 percent, respectively, the report said.

"The JobSpeak index for the financial year 2018-19 remained consistent clocking in an average of 12 percent growth in hiring. This financial year has started with a 16 percent growth in hiring in April with more companies tapping into the talent pool across sectors," InfoEdge India CMO Sumeet Singh said.

Keeping in mind this trend, the coming months look positive, he added.

The Naukri JobSpeak is a monthly index which calculates and records hiring activity based on the job listings on Naukri.com website.

 Hiring activity surges 16% in April, IT records 39% growth; 15% dip in banking, auto sector: Report

The biggest issue in public imagination surrounding the uncertainty in the industry is, of course, the Trump Factor

IT, engineering, FMCG, healthcare, and real estate industry saw an upward trend in hiring, while banking and financial services and the auto industry witnessed a dip of 15 percent and 1 percent, respectively.

In terms of experience, demand for entry-level jobs with an experience of 0-3 years witnessed a rise of 18 percent, whereas recruitment for mid-level executives with experience of 4-7 years rose by 17 percent.

Recruitment activity for mid-management roles with 8-12 years of experience grew by 11 percent, while for senior management roles with 13-16 years of experience recorded a 9 percent rise in hiring.

Besides, hiring for leadership roles with experience of over 16 years increased by 6 percent.

The report said that overall hiring activity in Delhi and Chennai increased by 13 percent each, while in Mumbai and Hyderabad it jumped by 11 percent and 19 percent, respectively.

Similarly, Pune and Bangalore registered an increase of 11 percent and 23 percent, respectively, in hiring.

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Updated Date: May 22, 2019 09:38:33 IST