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India job market records overall increase by 3% compared to a year ago

15th February 2017, 12:00 Hrs

India job market records overall increase by 3% compared to a year ago

Pic Credit: BUSINESS - ANCHOR

PTI

NEW DELHI

In an overall buoyant job market, January 2017 recorded growth in jobs, beyond the top metro cities, when compared with January 2016, as recorded by Naukri Job Speak Index.

The index has been calculated based on job listings added to the site month on month. July 2008 has been taken as the base month with a score of 1000 and the subsequent monthly index is compared with data for July.

Data has been sourced from Naukri.com and it reflects of job listings and therefore hiring trends on the site.Jobs have been categorised by location, functional area, industry and experience bucket.

The index has been analysed across cities/ functional area / industry verticals. The report (produced monthly) shows hiring trends across industry sectors, geography and functional areas.

More than 32,500 national and international clients use Naukri.com, leading to high reliability of data.Within top metros, Delhi/NCR, Mumbai and Bengaluru witnessed a decline in hiring activity of 11 percent, 8 percent and 6 percent respectively.

Amongst other metros, the jobs index recorded a growth of 3 percent in Hyderabad and Chennai, 15 percent in Pune and 24 percent in Ahmedabad.

The IT-Software Industry in India has been buoyant with no visible impact in hiring of professionals. Insurance jobs also went up by 20 percent in the same time period. While the Telecom/ISP industry saw a 23 percent slump, the BPO industry saw a 5 percent gain in January 2017 as compared to January 2016.Jobs in the Oil and Gas and Power, Infrastructure industry saw a 28 percent fall in January 2017 as compared to January 2016.

Construction and engineering sector jobs decreased by 10 percent during the same period. Banking and Financial services jobs saw one percent fall in January 2017 when compared to January 2016.

While IT- Software jobs saw a drop of 2 percent, BPO jobs saw a gain of 6 percent for the same time period. Accounts/Finance and production jobs decreased by 6 percent and 11 percent respectively since January 2016.

Teaching and Education saw a 20 percent increase in January 2017 when compared to the previous year. Hiring in Marketing and Advertising saw a 6 percent fall in the same period.

The maximum number of new jobs continued to be in the '0-3 years of experience' category. Senior Management hiring fell, with jobs for 13-16 years of experience witnessing a decrease of 3 percent when compared with December 2016.

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