27% Growth In New Jobs In May 2016: Naukri

Noida: In what is coming as a great relief to the job market, hiring activity has seen a 27 percent in May 2016 over the same month last year, a survey said.

According to a survey by jobs portal Naukri, sustained growth in IT-software and ITES during the year led to an impressive hiring sentiment for these sectors.

However, telecom reported a negative sentiment year-on-year for May 2016 and real estate posted a decline of six percent. Negative sentiment for Project Management and IT-Hardware and Telecom professionals was reported in the May 2016 over May 2015 index. The period was a topsy-turvy ride for professionals in these areas as they saw their jobs going up and down throughout the year, and it ended with recording a negative sentiment of (-)ten percent and (-)three percent respectively. 

V Suresh, Chief Sales Officer, Naukri.com, said, “The job market continues to head north. Though IT/ITES/BPO sectors have been leading the growth for the past few quarters, sectors like pharma/biotech and insurance seem to show growth over the past few months.”

Interestingly, after a long period of negative sentiment, oil and gas has fared well with five percent growth in recruitment.

The demand for professionals in IT-Software and ITES sectors witnessed 33 percent and 49 percent growth. Meanwhile, the demand for Sales & Business Development and Accounts professionals went up by 19 percent and 22 percent respectively. Pharmaceutical and biotech professionals witnessed an increase of 25 percent, the survey said.

Among the metros, Delhi/NCR reported saw a hiring growth of 58 percent, while Mumbai and Bengaluru continued to grow with 41 percent and 35 percent growth.