In what can be seen as a reason for optimism among job seekers, hiring activity in August increased 13 per cent over the year-ago period, a survey by Naukri.com shows.
According to the Naukri Job Speak Index for last month, banking and financial services recorded the maximum increase, of 26 per cent, in hiring activity, followed by healthcare, pharmaceuticals, software, telecom, and media & entertainment. V Suresh, Executive Vice-President and Chief Sales Officer, Naukri.com, said, “The job market seems to be moving north, sustaining the momentum gained over the first four months of this financial year with 13 per cent growth in August.”
Recruitment across the healthcare and pharmaceutical industries grew at 26 per cent and 13 per cent, respectively.
However, the insurance sector saw a 10 per cent decline in hiring activity year-on-year.
“IT software and IT hardware industries witnessed 13 per cent and 3 per cent growth in hiring activity, respectively. The telecom and media & entertainment sectors witnessed a spike of 9 per cent and 7 per cent, respectively, in August 2015,” the survey noted.
While all the major cities saw a growth in recruitment, Hyderabad led the pack with a 24 per cent jump in hiring activity. Mumbai and Pune logged 19 per cent and 15 per cent growth, respectively.
While hiring in Kolkata remained stagnant, Bangalore saw a 13 per cent increase. Chennai and Delhi recorded a 10 per cent growth in recruitment, the survey showed.