Hiring activity sees 26% growth in Oct'15 over Oct'14: Naukri Job Speak

IT-Software and ITeS industries record maximum increase

Naukri Job Speak Index in October 2015 recorded a growth of 26% in hiring activity year-on-year. However, it said that there is a sharp y-on-y increase in hiring activity on October 2015 because both major festivals (Diwali and Dussehra) were celebrated in October 2014. This seasonality has been accounted for in the Naukri Job Speak Index for October 2015.

Here, IT-Software and ITeS industries recorded the maximum increase in hiring activity in the October'15 index. The y-o-y increase for ITeS industry moved from 27% in the Sep'15 index to 36% in the October'15 index.

A similar trend was displayed by the IT-Software industry as well where the y-o-y increase in hiring activity moved from 24% in the Sep'15 index to 34% in the Oct'15 index. These were followed by FMCG, BFSI, Healthcare and Media and Entertainment industries showing similar trends as well.

The growth in the demand for Marketing and advertising professionals recorded an all-time high for the year 2015 and registered a 50% y-o-y increase.

The demand for ITeS professionals increased from a 28% y-o-y growth in the Sep'15 index to 49% y-o-y growth in the Oct'15 index. Similar trends were seen in the demand for BFSI, IT-Software, Sales and Accounts professionals as well.

Delhi-NCR continued to record the maximum y-o-y increase in hiring activity among the metros for second month in a row. It was followed by Mumbai, Hyderabad and Pune.

V Suresh, Chief Sales Officer, Naukri.com said, "The job market continues to sustain the momentum gained over the past few quarters and is moving further north with a 26% YOY growth over last year October and November base. As predicted earlier this growth is driven not just by sectors viz IT/ITeS/BFSI but an overall growth in all sectors. Looks like this trend will continue & the festive season is likely to bring cheer to jobseekers across sectors."