Naukri JobSpeak index for July up by 9%; fresh hirings in construction and BFSI leads growth

Last Updated: Tue, Aug 07, 2018 18:29 hrs

New, the online search portal for jobs saw hiring activity increase 9% in the month of July.

The Naukri JobSpeak Index stood at 2101 in comparison with 1928 last year.

The report found hiring activity grow in banking, insurance sector. Insurance was the leader in job-growth showing 34% growth while Banking & Financial services was second best with a growth of 21%. Chief Sales Officer V Suresh has been quoted saying, "Non-IT sectors like auto, auto ancillary, real estate, construction and BFSI continue to lead the growth. We can expect the job market to be cautiously optimistic and move further north in the months to come,"

Other sectors which showed some growth were industrial products/heavy machinery (23%), construction/ engineering (20%), real estate (28%), BPO/ITES (6%), and Oil & Gas (11%).

For senior profiles, there is a great trend in the JobSpeak Index. Leadership roles with experience of over 16 years saw a rise of 12% in recruitment.

While entry-level jobs with experience of 0-3 years saw 10% rise in July 2018, hiring for trained talent of 4-7 years of experience grew 9%.

Recruitment activity for middle management roles of 8-12 years of experience grew 7% and the senior management roles of 13-16 years of experience witnessed 3% rise in hiring.

Among metropolitan cities, Delhi NCR saw a rise of 14% in hiring activity, Chennai was up 13% and Mumbai by 4%, the report said.

Although the report offers optimism for the job-seeker, the index has calculated based only on job listings added to the site on a month on month basis. This is not an exact indication of whether candidates were actually onboarded. Naukri report does not clarify how many applicants applied to a single job search.

The index has placed July 2008 as the base month with a score of 1,000 and the subsequent monthly index is compared with data for July 2008.

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