Hiring activity sees 21% jump in October: Report

Hiring activity registered 21 percent rise in October driven by bullish recruitment trends in the IT industry and the future outlook too looks glossy, a survey said on Tuesday. The Naukri JobSpeak Index for October 2018 stood at 2,088, up 21 percent from the year-ago period, when it was quoted at 1,728. The IT industry was on a hiring spree in October this year. "After the slowdown due to the proposed visa restrictions in the US, the industry has picked up pace in hiring in the past couple of months and this pace is to continue in the upcoming months," the survey said. 

Meanwhile, startups also have contributed to the IT employment in India by their sheer growing numbers as well as them working on niche technologies like robotics, AI, blockchain etc, the survey added. "The JobSpeak Index continues to sustain the momentum gained and surge ahead with an impressive 21 percent growth in October," Naukri.com Chief Sales Officer V Suresh said. He said it is good to see the healthy growth across cities and sectors and signals good times ahead for jobseekers.

In terms of experience, the demand for fresh graduates with experience of 0-3 years grew 24 percent, while for trained professionals (experience of 4-7 years) demand witnessed a rise of 22 percent. Mid-management roles with an experience of 8-12 years saw a growth of 18 percent year-on-year in hiring activity while senior management roles with an experience of 13-16 years saw a growth of 7 percent. In terms of cities, hiring activity in metropolitan cities saw positive growth with both Chennai and Delhi registering a rise of 23 percent.

The index has been calculated based on job listings added to the site month-on-month. July 2008 has been taken as the base month with a score of 1,000 and the subsequent monthly index is compared with data for July 2008.