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IT hiring near record levels in June

Hiring activity dipped slightly in June compared to May, but was up a substantial 22%, according to Naukri.com, an employment portal.

The Naukri Job Speak Index for June came in at 1570, 2% lower than May 14.

The highest activity level was in IT, with a 29% rise in the segment, followed by Pharma. Pharma and Construction & Engineering sector have registered double digit growth with the index moving up by 22% and 13% respectively in the same period.

“Industry wise hiring sentiment was positive with Telecom and BPO seeing an increase of 20% each respectively in June’14 as compared to June’13. Among the top metros Bangalore and Pune have seen the maximum growth with the index moving up by 30% and 31% respectively in the same period,” Naukri said.

“The economy is showing signs of revival and its effects are visible on the hiring landscape as well. The job market is reviving and we expect hiring activity to go up in the coming few months,” said Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd.

Other sectors like Insurance and Capital Goods have also witnessed growth with the index moving up by 11% each in June’14 over June’13. Banking sector has also shown an upward trajectory with the index moving up 11% Y-O-Y.

The demand for professionals working in IT and HR & Administration saw maximum growth with the Naukri Job Speak Index moving up by 29% and 27% respectively in June’14 over June’13. Professionals employed in ITES & BPO have also seen an increase of 24% Y-O-Y.

Professionals working in Accounts & Finance and Marketing & Advertising have seen growth with the index moving up by 20% and 19% each respectively in June’14 over June’13. Professionals employed in Engineering Design and Supply Chain has seen growth of 12% respectively in the same period.

Amongst cities, Bangalore and Pune have seen maximum improvement in hiring in June’14 over June’13. Chennai and Hyderabad have seen a growth of 25% each in the same period while Mumbai and Delhi NCR has seen a growth of 17% each Y-O-Y. Kolkata has seen a single digit growth of 5% in June’14 over June’13.

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