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Outlook for job recruitment positive during July-December 2018: Report

Outlook for job recruitment positive during July-December 2018: Report

Naukri dot comNew Delhi : The outlook for recruitment activity is positive for the second half of 2018, a report of the job portal Naukri.com said on Monday.

However, the Naukri Hiring Outlook Survey said the recruiters are concerned about the lack of talent for new jobs.

“As many as 70 per cent recruiters (participating in the survey) agreed to increased hiring activity in the second half of the year with both replacement hiring and new jobs creation taking place simultaneously as against 60 per cent last year,” the report said.

While there is optimism in terms of job creation and growth, there also exist concerns among the recruiters about the availability of the right talent for new jobs, it added.

The report further said layoffs are expected to be “negligible” during the period. Attrition rate, too, is likely to decline with half of the recruiters surveyed expected it to be less than 10 per cent.

“Attrition for people with more than eight years of experience at senior-level profiles was predicted by just one out of every 10 recruiters. On the other hand, two-thirds of the recruiters thought attrition will be highest for people with one to eight years of experience,” it added.

—IANS

Online hiring up 6% YoY in February: Report

Online hiring up 6% YoY in February: Report

Naukri dot comNew Delhi : Online hiring activity registered a 6 per cent growth year-on-year (YoY) in February as job markets continued to remain volatile, a Naukri.com report said here on Wednesday.

The survey said the Naukri Job Speak index for February at 2,087 recorded a 6 per cent growth from the corresponding month in 2017, indicating optimism across industries, including BFSI (banking, financial services and insurance).

According to the job portal’s report, the YoY comparison highlighted that top metros maintained a steady growth while the tier II markets were not far behind — signalling a healthy uptrend.

Mumbai witnessed a significant 12 per cent jump in hiring when compared to February 2017, while the national capital New Delhi grew by 4 per cent, it added.

“As predicted earlier, the job market continues to be volatile. The Job Speak index has shown a YoY growth of 6 per cent in February,” said V. Suresh, Chief Sales Officer, Naukri.com.

“This growth is primarily driven by non-IT sectors like oil and gas, BFSI, industrial products, construction and automobile. The IT sector continues to be under pressure, we can expect this volatility to continue for a few more months before it moves north,” he added.

The report revealed that in February 2018, the industry which incurred a record high in terms of hiring was the oil and gas sector.

“This trend is closely followed by banking and financial services, and insurance sectors at 16 per cent and 22 per cent, respectively,” the report said.

It pointed out that while the index noticed less movement for IT and BPO sectors during the month under review, jobs in industrial products/heavy machinery grew by 22 per cent.

In terms of functional areas, the report showed that banking/insurance grew by 7 per cent in February, while production/maintenance and site engineering jobs saw a 21 per cent and 19 per cent growth, respectively.

Marketing and advertising roles saw a 9 per cent growth during the month under review.

—IANS

Outlook for job recruitment positive during July-December 2018: Report

Indian job market grew 10% in December: Naukri.com report

Naukri dot comNew Delhi : India’s job market grew 10 per cent in December 2017 compared to the corresponding month in 2016, a report by Naukri.com said here on Monday.

“The job market continues to sustain the momentum gained in November. The (Naukri.com) JobSpeak Index has witnessed a 10 per cent y-o-y (year-on-year) growth in December. Non-IT sectors like industrial products, construction, engineering, auto and BFSI (banking, financial services and insurance) have led the growth for the past few months,” said V. Suresh, Chief Sales Officer, Naukri.com.

He, however, added: “We could expect the job market to be volatile for the next few more months before it heads north again.”

Jobs in construction and engineering sector saw a growth of 31 per cent and insurance sector witnessed a growth of 21 per cent. Jobs in banking and financial services grew by 4 per cent in December. In the same period jobs in BPO went up by 8 per cent while that in the IT and software services recorded a y-o-y growth of 2 per cent.

Key industries like, production and maintenance, auto saw a growth of 42 per cent and 31 per cent respectively in December 2017 when compared with December 2017, the report said.

Jobs for freshers and those having up to three years of experience and those with four to seven years of experience increased by 33 per cent and 26 per cent respectively in December 2017 compared to the same period in 2016, according to the report.

Hiring of people with experience of 8-12 years and 13-16 years witnessed a 21 per cent and 19 per cent growth in hiring in the same period, the report said . Hiring for senior management roles with experience requirement of 16 years and above rose by 24 per cent.

“Major cities saw growth in jobs in December 2017 when compared to December 2016, ” the report said. The index for Kolkata and Chennai grew by 40 per cent and 15 per cent respectively. Delhi NCR saw a 7 per cent growth in hiring while Bangalore witnessed 4 per cent growth in the same period, according to the report. “Hiring sector in Mumbai remained flat in December 2017 when compared to December 2016,” it said.

Naukri.com is a online recruitment platform that provides hiring-related services to corporates, recruiters, placement agencies and to job seekers in India and overseas.

—IANS

Outlook for job recruitment positive during July-December 2018: Report

Online hiring up 16% YoY in Nov: Report

Naukri dot comNew Delhi : Online hiring activity registered a 16 per cent growth year-on-year (YoY) during November primarily driven by growth in the non-IT sector, a report by job portal Naukri.com said on Tuesday.

According to the survey, the Naukri JobSpeak index for November at 2,113 saw a 16 per cent growth from the corresponding month in 2016, with a broad-based growth in jobs observed in multiple industries.

“The Jobspeak Index has shown 16 per cent YoY growth in November, primarily driven by growth in the non-IT sector,” said V. Suresh, Chief Sales Officer, Naukri.com.

“Good to see sectors viz construction, engineering, auto, industrial products and banking showing significant growth over last year. We can expect the market to further gain momentum and move north in the next few quarters,” he added.

The report pointed out that jobs in construction/engineering industry went up by 46 per cent while jobs in auto sector saw a growth of 39 per cent in the period under review.

During the same period, jobs in heavy machinery and banking sector saw a 30 per cent and 24 per cent growth in hiring, respectively, the report said.

“Jobs in BPO sector went up by 14 per cent in November 2017 when compared to November 2016. The IT software sector also witnessed a seven per cent increase in jobs over the same time period,” it added.

The report noted that while production/maintenance jobs rose by 37 per cent, site engineering jobs saw a 30 per cent growth during the period.

Accounts/finance and marketing/advertising jobs saw a 27 per cent and 26 per cent growth, respectively, while sales jobs recorded 23 per cent rise during November 2017, the survey highlighted.

Of the eight metro cities tracked by the job portal, seven recorded an increase in hiring activity in November.

“The index for Kolkata grew by 51 per cent, while Delhi NCR and Mumbai saw growth of 15 per cent and 16 per cent, respectively, in hiring in the same time period. Bangalore saw a dip of three per cent in jobs,” said the survey.

It added that the positive trend of job growth was also seen in smaller cities.

—IANS

Hiring in IT, software sectors surges 9% yoy, job market up 2%

Hiring in IT, software sectors surges 9% yoy, job market up 2%

IT company, job, employmentNew Delhi : After having witnessed a spell of layoffs in the previous quarter, hiring in the IT and software industry has witnessed a surge of 9 per cent year-on-year (yoy) during July 2017, a Naukri.com survey said here on Thursday.

According to the survey, the Naukri JobSpeak index rose by 2 per cent in July 2017 indicating signs of recovery in the job market.

Data collected by the job site showed that key industries like banking or financial services saw a growth of seven per cent, followed by insurance of 17 per cent and automobiles of 5 per cent in July 2017 compared with the corresponding month of 2016.

However, it noted that business process outsourcing (BPO) and knowledge process outsourcing (KPO) jobs dipped by 17 per cent during the period under review.

“Looks like the job market is showing signs of recovery. The Jobspeak index for July has shown a yoy growth of 2 per cent, primarily driven by a 9 per cent growth in the IT sector,” V. Suresh, Chief Sales Officer, Naukri.com, said in a statement.

“Having said that, the market is still volatile and we can expect this to continue for a few more months before it heads north,” he added.

The survey said nine cities — out of 13 tracked — recorded an increase in hiring activities in July 2017 in comparison with July 2016.

“The index for Delhi/NCR, Mumbai and Bengaluru grew by 12 per cent, 17 per cent and 12 per cent respectively,” the survey said.

“While Chennai saw a dip of 10 per cent in hiring activity, Hyderabad recorded a 19 per cent increase during the same period.”

—IANS