IT and Software Industry See a 9% Surge In Hiring Activity, Job Market Rises 2%

Overall hiring in India climbed 2% in July compared to the previous year, primarily driven by 9% growth in the IT and software sector, according to data from Naukri.

The Naukri JobSpeak index for July stood at 1,928, a rise of 2% from the corresponding period last year.

The banking/financial services (7%), insurance (17%) and automobiles (5%) sectors also saw growth in July when compared to the previous year.

Naukri.com Chief Sales Officer V Suresh stated that the job market in India is showing signs of recovery, however, he added, “Having said that the market is still volatile and we can expect this to continue for few more months before it heads north.”

Of the 13 cities tracked, nine recorded a rise in hiring activity in July over a year-ago period.

The index for Delhi/NCR, Mumbai and Bengaluru grew by 12%, 17% and 12%, respectively. While Chennai saw a fall of 10% in hiring activity, Hyderabad recorded a 19% increase during the same period.

Senior roles with experience requirement of 8-12 years and 13-16 years, both saw a 4% growth in July while jobs for entry level jobseekers having 0-3 years of experience rose by 1% in the same period. Meanwhile junior level roles with 4-7 years of experience witnessed a 2% rise and Top management jobs with over 16 years of experience fell by 1% in the same period.

Source: SIA(staffingindustry.com)

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