Hiring activity registered a 14% jump in November, primarily driven by sectors like banking, financial services, insurance (BFSI) and software services, says a report.
The Naukri Job Speak Index for November 2016 stood at 1,817, recording a growth of 14% in recruitments over the same period last year. Among the cities, Pune reported the highest growth in terms of recruitment at 32%.
“Jobspeak index continues to sustain the momentum gained over the past few quarters, with 14% year-on-year growth in November,” Naukri.com Chief Sales Officer V Suresh said.
The growth is primarily driven by sectors like BFSI and software services and a slow but steady revival of non-IT sectors, Suresh said, adding “This trend is likely to continue and we can expect the index to further move north in 2017.”
BFSI jobs witnessed a 42% yearly growth while the insurance sector also saw jobs increasing by 43% in November 2016 when compared to November 2015.
Technology industries like IT - software/software services as well as ITES/BPO registered jobs growth of 14% and 15% respectively in November 2016 as compared to the year-ago period.
Amongst other industries, medical/healthcare saw a 24% year-on-year growth in jobs while education/teaching also witnessed a 35% increase.
Functional areas associated with banking/insurance grew 22% year-on-year; accounts/taxation also grew 13& in November 2016.
The job growth was witnessed in all cities, in line with the broad trend. Amongst the bigger metros, jobs in Delhi-NCR, Mumbai and Bangalore increased by 12%, 18% and 20%, respectively in November 2016 as compared to November 2015.
Jobs in Chennai increased 12% year-on-year while the growth was 9% and 32% in Hyderabad and Pune respectively for the same time period.
All tier-II cities also saw significant positive growth in jobs in November 2016 on a year-on-year basis, the report added.