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Recruitment activities increased by 14% in November: Report

Pune city reported the maximum recruitment growth at 32 per cent.

By: Express Web Desk |
Updated: December 16, 2016 4:26:44 pm, hiring, recruitment, BFSI, naukri job speak index, vacancies, nov 2016 report, hiring trends, hiring trends 2016, ites, bpo, jobs. recruitment news, indian express Pune city reported the maximum recruitment growth at 32 per cent.

Motivated by banking, financial services, insurance (BFSI) and software services sectors, hiring saw a surge of 14 per cent in November, claims a report.

Published by recruitment portal, the Naukri Job Speak Index for November 2016 was at 1,817, noting a growth of 14 per cent in recruitments over the same period in 2015. Pune reported the maximum recruitment growth at 32 per cent.

“Jobspeak index continues to sustain the momentum gained over the past few quarters, with 14 per cent year-on-year growth in November,” Chief Sales Officer V Suresh said.

With growth mostly driven by sectors such as BFSI and software services as well as a leisurely reviving of non-IT sectors, Suresh said that this trend can continue and the index can go higher 2017.

BFSI jobs saw an annual growth of 42 per cent while insurance sector also noted an increase of 43 per cent in November 2016 compared to last year.

IT – software/software services as well as ITES/BPO saw a hiring growth of 14 and 15 per cent, respectively.

In the medical or healthcare sector a 24 per cent growth was recorded. Education and teaching jobs saw a 35 per cent increase.

Functional areas associated with banking/insurance grew 22 per cent year-on-year; accounts/taxation also grew 13 per cent in November 2016.

Read: Tourism, healthcare & infra key sectors with biggest potential to create jobs: CII report

The job growth was witnessed in all cities, in line with the broad trend. Amongst the big cities, recruitment increase was 12 per cent in Delhi-NCR, 18 per cent in Mumbai and 20 per cent in Bangalore.

In Chennai, this percentage was 12 while growth was 9 per cent and 32 per cent in Hyderabad and Pune respectively.

All tier-II cities also saw significant positive growth in jobs in November 2016 on a year-on-year basis, the report added.

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