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Online hiring activity registered just 1 per cent rise in August over the year-ago period, but eight of the 13 cities surveyed showing positive growth indicate signs of recovery, says a report. The Naukri JobSpeak index for August this year stood at 1,851, just 1 per cent growth from August 2016. Key industries like auto, construction/engineering and BFSI saw a growth of 11 per cent, 9 per cent and 5 per cent respectively in August this year. "Good to see the job market showing signs of recovery. The JobSpeak index for August has shown a year-on-year growth of 1 per cent," Naukri.com Chief Sales Officer V Suresh said. Suresh further noted that the recovery seems to be spread across geographies with 8 of the 13 cities surveyed showing positive growth.
The volatility in the market is likely to continue for few more months before it moves north. Of the 13 key cities tracked, eight cities recorded an increase in hiring activity in August 2017 as against last year. The index for Delhi, Mumbai, Hyderabad and Chennai grew by 4 per cent, 1 per cent, 8 per cent and 5 per cent respectively while Bengaluru saw a dip of 3 per cent in hiring activity. Industry-wise, BPO/KPO jobs went up by 7 per cent while jobs in the IT-software services sector saw a dip of 6 per cent in August over last year. In terms of experience, senior management roles with experience between 13-16 years saw a 6 per cent growth in August this year, as compared to the corresponding period last year. Jobs for entry-level job seekers having 0-3 years' experience increased by 3 per cent, while junior level roles for jobseekers with 4-7 years of experience witnessed a 1 per cent dip in hiring, the report added.