In a sign of job market recovery, online hiring registered 3 % year-on-year growth in September led by banking and financial services sector, says a report.
The Naukri JobSpeak index for September 2017 stood at 1,948 showing a rise of 3 % from the corresponding period last year.
Banking and financial services have reported 21 % growth in hiring last month over the year-ago period. Besides, key industries like heavy machinery, engineering and auto posted an increase of 19 %, 15 % and 7 %, respectively.
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“As predicted earlier the job market continues to be volatile. The JobSpeak index for September has a shown a three % year—on year growth primarily driven by growth in sectors like BFSI (banking, financial services, insurance), industrial products, auto and engineering.
“In my view the uncertainty in the job market is likely to continue for few more months before it tends to move north again,” Naukri.com Chief Sales Officer V Suresh said.
On the other hand, oil and gas, BPO/ITeS, insurance and IT—software sector jobs witnessed a dip of 4 %, 6 %, 9 % and 6 %, respectively in hiring activities.
Of the 13 key cities that were tracked, 12 of them recorded an increase in hiring activity in September 2017, compared to the same period last year.
The index for Mumbai and Kolkata grew by 15 % each. However, Delhi/NCR saw a dip of 9 % in hiring activity.
Senior management roles with an experience requirement of 13-16 years saw a 5 % growth last month, compared to September 2016.
Further, jobs for roles requiring over 16 years of experience as well as employment for entry level jobseekers having 0-3 years experience rose by 4 % each, while junior level roles with 4-7 years of experience witnessed a 2 % growth in hiring.