Hiring up 11% in July, to pick up further: Study

Hiring activity registered a 11 per cent jump in July mainly driven by sectors like IT, banking and pharma, while other sectors are likely to pick up momentum in the coming months, says a report.
Naukri Job Speak Index for the month of July stood at 1,835, registering a 11 per cent increase in hiring activity over July 2014, as the job market continued to sustain the momentum gained in the first quarter this fiscal.
"Sectors like IT, banking and pharma have been leading this growth for the past few months and we can expect the other sectors to pick up in the next six months or so," Naukri.Com Executive Vice President and Chief Sales Officer V Suresh said.

Suresh further added "the FY2015-16 will be a year to cheer for the job-seekers".
Sector-wise, IT-software and IT-hardware industries reported a Y-o-Y growth of 26 per cent and 21 per cent, respectively in hiring activity in July.
The media and Internet industry saw a 19 per cent growth, while, pharmaceutical and healthcare industries saw 16 per cent and 15 per cent jump in recruitment activity, respectively.

In terms of cities, Bengaluru took a lead in hiring activity in the June 2015 index. Pune and Mumbai witnessed a growth in hiring activity to the tune of 17 per cent and 16 per cent, respectively.

However, hiring activity in Delhi-NCR remained stagnant according to the July 2015 Index.
In July, demand for pharma and consulting professionals saw maximum increase followed by IT-software professionals and professionals in accounts/finance, the report said.