Pune observes 5% rise in hiring activity in September’16 over September’15: Naukri Job Speak Index
- ITES/BPO industry saw a 20% growth in September’16 over September’15
- BFSI industry saw a 25% increase in hiring in the same period
Pune, 20 October, 2016: Pune recorded a 5% increase hiring in September’16 over September’15. The jobs growth which revived in August has been relatively small in the last three months. The real estate sector saw a decrease of 10% in hiring in the same period whereas the ITES/BPO industry saw a growth of 20%. The auto industry’s growth in hiring remained flat at 1%.
- Suresh, Chief Sales Officer, Naukri.com said, “After an Impressive 22% and 10% YOY growth in July and August respectively, though the September index seems to have slowed down a bit with a 5% growth, the good news is the sustained positive momentum in key sectors like IT/ITES and Banking. With the festive season round the corner, we can expect the index to move further north in the next few quarters. Good times ahead for jobseekers across sectors.”
Industry Analysis:
The industry analysis revealed that technology oriented industries experienced mixed annual jobs growth. While the IT – Software/Software Services grew at a moderate 6%, ITES/BPO industry on the other hand recorded an impressive 20% growth in September.
Finance industries have shown strong positive growth so far in the 2016 financial year. This trend was further reinforced in September when Banking/Financial Services jobs grew by 25% on a YOY basis while Insurance witnessed an impressive 43% growth. The real estate sector which has seen a general decline in jobs this year also saw an annual dip in jobs by 10%.
Functional Area Analysis:
ITES/BPO/KPO functional area managed to grow at an impressive rate of 26%.
However, functional Areas associated with Infrastructure continue to see a broad based slowdown. Production/Maintenance jobs decreased by 1% YOY while Site Engineering/Project Management saw a steep fall of 14% when it came to annual jobs growth.
