Hiring activities in Chennai up 8% in July: Naukri index

BFSI logs maximum growth in hiring activity at 50%

Hiring activities in Chennai rose 8% in July 2015 year-on-year, according to Naukri Job Speak index.

Among the key sectors in the city, BFSI witnessed maximum growth of 50% in the hiring activity. On the other hand, oil & gas and auto recorded a decrease of 27% & 15% respectively over the same period. Hiring in real estate segment also fell.

The IT- hardware and software industries witnessed y-o-y growth of 21% and 26% respectively in the July 2015 index. The healthcare industry registered a growth of 15% whereas hiring in pharma rose 16% in July 2015.

The demand for professionals in the banking and insurance space saw a y-o-y growth of 19% in July 2015 over July 2014.

At the same time, demand for professionals in the pharma and IT-software space grew 36% and 23% in the July 2015 index. The demand for professionals in top management roles increased by 11% y-o-y in July 2015.

On the other hand, the demand for professionals working in production/maintenance and ITES saw a y-o-y decline of 6% and 3% respectively in the July 2015 index.