Pune, 16 Dec 2016: The Naukri Job Speak Index for the month of November 2016 stood at 1817, recording a growth of 32% in recruitment activity over the same period last year.
Trend of jobs growth in FY 2016
V Suresh, Chief Sales Officer, Naukri.com said, “Jobspeak index continues to sustain the momentum gained over the past few quarters, with 14% YOY growth in November.
This growth is primarily driven by sectors viz, Banking, Financial Services, Insurance (BFSI) and software services and the good news is a slow but steady revival of NON-IT sectors. This trend is likely to continue and we can expect the index to further move north in 2017.”
Industry Analysis:
The industry analysis revealed that Technology industries i.e. IT – Software/Software Services as well as ITES/BPO registered jobs growth of 14% and 15% respectively in November 2016 compared to November 2015.
Manufacturing and Infrastructure oriented industries continue to remain flat or register small annual growth in jobs. Oil & Gas/Power/Infrastructure industry jobs were flat in Nov 2016 while Industrial Products/Heavy Machinery saw 8% increase in the same time period. Jobs in Construction/Engineering/Cement/Metals decreased by 6% in Nov 2016 compared to Nov 2015.
Amongst other industries, Medical/Healthcare saw a 24% YOY growth in jobs while Education/Teaching also witnessed a 35% increase in jobs in the same time period.
Functional Area Analysis:
The functional area IT – Software reflected the growth in technology industries and registered 16% YOY growth in Nov 2016. ITES/BPO/KPO saw an increase of 22% in the same time period.
Functional areas associated with infrastructure and engineering industries saw modest growths in keeping with the trend in their industries. Production/Maintenance/Quality jobs increased 5% in Nov 2016 compared to Nov 2015 while Site Engineering/Project Management and Engineering Design/R&D jobs grew by 4% and 3% respectively in the same period.
