Chennai sees a growth of 30% in hiring
for February 2019 as compared to February 2018
Chennai, India, 12th 2019: The NaukriJobSpeak Index for February 2019 at (2,415), marked a 16% increase in hiring activity from February 2018 (2,087).
In the
month of February
2019, hiring in Chennai was
up by 30%, likewise Bangalore was up by 19%, Pune by 25% and Hyderabad by 14%.
Overall, IT – Software industry has been on a hiring spree in February 2019.
The industry clocked in a growth of 38% in hiring, making it one of the fastest
growing industries. Also, Construction & Engineering industry saw an
increase in hiring with a growth rate of 16%. Hiring in HR functional area witnessed a positive growth of
20%.
Commenting on the report, Ms.Sumeet Singh, CMO, Infoedge India Ltd. said,“The JobSpeak index continues to sustain the momentum gained and has shown a 16% YOY growth in Feb preceded by a 15% growth in Jan. Naukri’s latest Hiring outlook survey with over 3300 recruiters across the country had anticipated increased hiring, wherein 84% recruiters surveyed said that new jobs would be created. It is good to see this growth led by core sectors viz. IT, Construction, Engineering & FMCG”.
Key Highlights of NaukriJobSpeak for
Chennai (February 2019vsFebruary 2018)
Hiring Trends – Industry Wise
February 2019 witnessed a rise
in hiring activities across various industries. Recruitment activity in Chennai
that observed a rise were in IT-Hardware (48%), Auto/Auto Ancillary (26%), IT-
Software (39%), Pharma (31%) and BPO (13%). However, hiring in Hotel and FMCG
industry saw a dip by 38% and 14% respectively.
The
above graph depicts the year-on-year increase in hiring activity across
industries in Chennai
Hiring Trends – Functional Area Wise
Increase
in the demand for jobs in various functional areas was observed in the month of
February 2019 for Chennai. The verticals
that witnessed an increase in hiring activity year-on-year were IT-Hardware
(42%), IT- Software (38%), ITES (8%) and Accounts (4%). However, Functional
areas in Hotels and Pharma saw a dip of 45% and 18% respectively.
The above graph depicts the year-on-year increase in hiring
activity across industries in Chennai
Hiring Trends – Experience Wise
Hiring
for a talent of 4-7 years of experience grew by 25% whereas recruitment for
entry-level jobs that is an experience band of 0-3 years witnessed a rise of
20% in February
2019. Recruitment activity
for mid-management roles of 8-12 years of experience grew by 18%, while senior
management roles of 13-16 years of experience recorded a 6% rise in hiring.
Leadership roles with experience band of 16+ years saw a dip by 2% in the
recruitment activity.
Hiring Trends – City Wise
Demand
for talent grew across metropolitan cities. Some of the emerging trends
observed in the cities are elaborated below –
Hyderabad: The city witnessed a rise
in recruitment activity of 14%. The rise in hiring was observed in industries
such as IT- Hardware (58%), FMCG (42%), and Auto (37%). Hiring activity for
Functional area – Banking saw a dip by 10%. Demand for leadership roles, with
an experience band of 16+ years was maximum with a growth rate of 35%.
Pune: Hiring activity for the
city increased by 25%. Hiring in FMCG industry saw a growth rate of 38%. The
experience band which observed maximum hiring activity was between 4 to 7 years
with a growth rate of 25%
Bangalore: Overall hiring activity in Bangalore grew by 19%. IT-Software industry
(48%) indicated increased recruitment activity in February 2019 while the BFSI
sector saw a dip by 27%. Hiring for management roles with experience band of
4-7 years saw a growth of 29% in February 2019.
Methodology
The
NaukriJobSpeak is a monthly Index which calculates and records hiring activity
based on the job listings on Naukri.com website month on month. The objective
of NaukriJobSpeak is to measure the hiring activities in various industries and
the data is compiled of companies which are registered on the platform and
reflects gross hiring (includes replacement hiring). July 2008 is taken to be
the base with a score of 1,000 and the subsequent monthly index is compared
with the data for July 2008. The jobs analyzed for the monthly Index are
qualified on the basis of white collar, urban, belonging to organized corporate
sector jobs with a main focus on service industries. The report shows hiring
trends across industry sectors, geography, experience level and functional
areas. More than 76,000 national and international clients use Naukri.com,
leading to high reliability of data. The report does not cover gig employment,
hyperlocal hiring or campus placement.
Over a long period of time, the NaukriJobSpeak was impacted by the increase
in the Naukri traffic share, internet penetration, Naukri pricing strategy and
job listing drives.
About Naukri.com
Naukri.com,
India’s No. 1 job site and the flagship brand of Info Edge introduced the
concept of e-recruitment in India. Since its inception in 1997, Naukri.com has
seen continuous growth while outperforming its competitors in every sphere.
Info Edge was the first internet Company to be listed in India. The site enjoys
a traffic share of over 70% as per similar web. Naukri.com is a recruitment
platform that provides hiring-related services to corporates/recruiters,
placement agencies and to job seekers in India and overseas. It offers multiple
products like Resume Database Access, listings and Response Management Tools.
With more than 4, 75,000 jobs live at any point and over 60 million CVs,
Naukri.com serviced over 76,000 corporate clients in 2017-2018. The company
operates 56 offices in 42 cities in India and overseas offices in Dubai,
Riyadh, Abu Dhabi and Bahrain.