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22% increase in job creation in March: Naukri

The period from Dec 2015 saw an increase in hiring activity for sectors such as IT, Telecom and Insurance

Policy Pulse
Publish Date: Apr 12 2016 5:30PM | Updated Date: Apr 12 2016 5:31PM

22% increase in job creation in March: Naukri

Hiring activity recorded a 22 per cent increase in March 2016 against the March 2015 as per a report by Naukri Job Speak Index.


According to the Index, hiring sentiment improved in the automobiles and pharma sectors, with the index reporting a jump of 19 per cent and 16 per cent respectively in March 2016 over March 2015.


The banking, financial services and insurance (BFSI) sector has recovered from a negative index last month to a 5 per cent growth in the March 2016 index, it said.


While the FMCG and hospitality sectors recorded an increase of 25 per cent growth, construction, and oil and gas witnessed a decline of 8 per cent and 14 per cent, respectively.


“The demand for professionals in IT-software and ITeS has seen sustained growth in the last few months; for March 2016, jobs in the two sectors grew by 25 per cent and 48 per cent, respectively,” the report said.


V Suresh, Chief Sales Officer, said, “Post 18 per cent growth in February, the job market continues to sustain the momentum gained with a 22 per cent growth in March, primarily driven by IT, ITeS, insurance and telecom.”


The demand for sales and business development professionals saw an upswing during March 2015-16; the index fluctuated a bit during the year but ended with 17 per cent growth. Banking professionals also reported 20 per cent growth in demand.


Hyderabad led hiring activity with a 50 per cent growth in March 2016 over the same month last year. It was followed by Mumbai, Chennai and Delhi with 45 per cent, 43 per cent and 42 per cent growth, respectively.