Online hiring activity records 9% yoy growth in October: Report

Online hiring activity registered a nine per cent growth year-on-year (y-o-y) during October indicating signs of recovery in the job market, a report by job portal Naukri.com said on Thursday.

According to the survey, the Naukri JobSpeak index for October at 1,728 saw a nine per cent growth from the corresponding month of last year.

"There seems to be an air of cautious optimism in the job market. The JobSpeak index for October has witnessed a nine per cent y-o-y growth," said V. Suresh, Chief Sales Officer, Naukri.com.

"Growth seems to be picking up across all geographies. Though the non IT sector has led this growth, good to see a slow recovery in the IT sector. We could expect the volatility to continue for few more months."

The report pointed out that key industries like auto, construction/engineering and insurance saw a growth of 23 per cent, 22 per cent and 15 per cent respectively in October.

Jobs in infrastructure oriented industries showed a positive trend during the month under review when compared to the same month last year with industrial product/heavy machinery and power/energy witnessing 11 per cent each in this time period, the report said.

"BPO/ITES jobs also had a positive movement, growing seven per cent in the same time period while IT software industry grew by two per cent," it said.

The report highlighted that while banking/insurance jobs rose by 28 per cent, site engineering/project management jobs saw a 19 per cent growth in October 2017 over October 2016.

"Accounts/finance and sales/BD jobs saw a 14 per cent and 11 per cent growth respectively in the same time period. Marketing/advertising jobs recorded a 5 per cent rise in October 2017," it added.

Of the 13 key cities tracked by the job portal, all recorded an increase in hiring activity during the month.

"The index for Kolkata and Chennai grew by 100 per cent and 65 per cent, respectively. Mumbai saw a 56 per cent growth in hiring while Delhi/NCR witnessed eight per cent growth in the same period," the report stated.

--IANS

ppg/amit/dg