HOME > BUSINESS > Banking and Insurance hiring jumps 40% in August, overall hiring up 10%: Naukri

Banking and Insurance hiring jumps 40% in August, overall hiring up 10%: Naukri

naukri

Naukri.com, one of India’s leading job sites, said that hiring increased by 10.2% in August as compared to last year, contributed by over 40% hiring growth in Banking and Insurance industry.

Banking and financial industry experienced a growth of 42% whereas the insurance industry witnessed 49% growth during the same period, said the company.

Real Estate as an industry continues to see a slowdown and in August witnessed a 33% reduction in new jobs posted, added the company.

IT recruitment grew 11% and BPO industry hiring had an even more impressive month and clocked 16% growth.

Infrastructure oriented industries saw either sluggish growth or in some cases jobs actually decreased when compared to last year, said the survey.

Construction and Engineering industry saw jobs decrease by 8% whereas Oil and Gas indusry saw jobs decrease by a huge 17%.

Pune and Kolkata by comparison had comparatively better hiring growth of 11% and 12% respectively compared to Delhi, Mumbai and Bangalore which saw annual growth measuring 6%, 2% and 5% respectively.

Naukri.com is one of India’s leading job portals and a flagship brand of Info Edge founded in the year1997.

Follow ULTRA.news
Bots cut Wipro employee strength by 12,000 A NASA RobotA pioneering artificial intelligence program that started getting deployed around mid-2016 has helped Wipro Ltd reduce its employee numbers by 12,000 people, the company said in its recent quarterly update."The HOLMES platform generated productivity worth ove...
Wipro refuses to reveal how many employees are being laid off Wipro Ltd, one of India's top employers, refused to confirm the exact number of people that it was laying off as part of its annual appraisal process."It is part of the internal appraisal process," company officials said, refusing to go into further details.The media ha...
Indian IT industry facing layoffs as conditions worsen, warns Assocham Trump unveiled his 'Buy American, Hire American' program yesterdayIndian IT companies are bound to see "some laying off" of their work force back home due to various negative forces impacting the industry, Assocham -- an association of various industries -- warned."With ...
After Cognizant, Wipro employees on edge as annual appraisal starts India IT growth: Nasscom Strategic Review 2016Employees of Wipro Ltd are nervous as the information technology giant has kicked off its annual appraisal process this month.The first of the several reviews, known as L1 or level 1, has been completed, and at least some emp...
Govt likely to intensify efforts to create All India Judicial Service High Court of Karnataka, DharwadDespite setbacks and opposition from both state governments and the judiciary, the central government is not ready to give up the proposal to set up an all India service for recruitment of judges modeled on the Indian Administrative Service an...
FITE urges Cognizant employees not to submit resignations FITE rose to prominence protesting layoffs at TCSForum for IT Employees or FITE, a web-based IT workers' collective, has urged employees of Cognizant Technology Solutions not to resign voluntarily if asked by the company's human resources department."If the employee resi...
DoT lifts freeze over BSNL’s 2016 JE exam, document verification starts Students attend an examThe Department of Telecom has lifted its freeze over the recruitment of 2,700 junior engineers into Bharat Sanchar Nigam Ltd, India's state-owned telecom operator.The results of the recruitment exam, conducted in September last year, were put on ho...
TRUMP THREAT: TCS not worried, says we’re not the villains source: NasscomTata Consultancy Services, the largest Indian-owned outsourcing company, said it is able to manage with 75% less new visas this year as it has changed its business and recruitment models in recent years. It also said that outsourcing was key to protecting US j...
BSNL JE 2016 recruitment frozen after complaints to DoT – CMD Shrivastava BSNL Chairman and Managing Director Anupam Shrivastava said the recruitment of Junior Engineers (JEs) into the telecom company has been frozen by the Department of Telecom on the basis of complaints."It is being held up by the Department of Telecom... due to complaints," Shri...
Industry welcomes move to include made-ups in apparel package SIMA has welcomed the move include made-ups in the apparel packageThe industry has welcomed the move by the government led by Narendra Modi to extend support to the made-ups export industry and said it would help the sector break out of its current slump.The cabinet had ...
Exports increase share of jobs in India – Study A new study by the Exim Bank has found that around 15% of the total jobs in India are related to India's exports sector, including both IT, BPO and material goods such as garments.The total number of jobs supported by aggregate Indian exports increased from about 34 milli...
‘Book My Chotu’ sends helpers to stand in ATM queue for you @ Rs 90 Bookmychotu.com, which providers helpers and handymen for various household and other chores, is now offering to send people to stand in queues in front of ATMs at Rs 90 per hour.An eight-hour shift for a 'chotu' costs Rs 550, or Rs 69 per hour."Are you short of cash? Nee...
Hiring slows in October due to festival effect – Naukri.com Hiring activity fell 8% October this year compared to the same month a year ago, according to Naukri.com's Job Speak Index.This dip was primarily caused by the festive season which saw Dussehra, Durga Pooja and Diwali fall in October, the company said. "Hiring activity ge...
Govt to reimburse 25% of employee training costs to companies Government has notified National Apprenticeship Promotion Scheme, a first of its kind to offer financial incentives to employers for training apprentices.The Scheme has an outlay of Rs. 10,000 crore with a target of 50 Lakh apprentices to be trained by 2019-20.25% of the ...
India to see a pick-up in hiring in second half of 2016 – Naukri survey An uptick in the job market in the second half of 2016 is the key sentiment that has emerged from Naukri’s Hiring Outlook survey 2016, conducted among 1300 recruiters and consultants representing more than 20 industries.According to the survey, 77% of the recruiters predi...
SBI Merger: Employees to get 15 days to decide between VRS and SBI job Employees of associate banks will get only 15 days to decide whether to accept a new job with the State Bank of India or opt for voluntary retirement via an 'option letter' that will given to them as part of the merger of India's largest bank with its four associates.The ...
Canada’s SOTI to create 300 IT jobs in India, invest $12 mln Canada-based software company SOTI said it will invest $12 mln and add 300 jobs in India over the next two years.The majority of the new positions would be in engineering and software development roles, it said.SOTI is a provider of enterprise mobility management and Brin...
Naukri reports big increase in new job availability in May The Naukri Job Speak Index reported a jump of 27% in hiring activity in May this year compared to last year."Sustained growth in IT-Software and ITES during the year led to an impressive hiring sentiment for these sectors. On the other hand, Telecom and Real Estate reported ...
Idea CEO Himanshu Kapania to get salary of up to Rs 10 cr pay plus in-kind benefits Idea Cellular CEO Himanshu Kapania will be one of the highest paid executives in India after his reappointment for five years starting April next year.According to the plans disclosed by the company, Kapania will be offered the following terms.A basic pay of Rs 12.9 lakhs...
2015 salary increments, attrition higher than expected – Naukri survey More companies gave double digit increments in the first six months of this year compared to the number that had expected to give such increments six months back, according to Naukri Hiring Outlook survey.At an overall level, 68% recruiters gave increments more than 10% in 20...
IT leads new-jobs growth in India in June – Naukri Following a similar report from Monster India, the biggest hiring portal of the country -- Naukri.com, has also pointed to a sharp increase in hiring in June this year.Naukri's Job Speak Index for the month of June 2015 stood at 1749, up 11% over June 2014.Essentially...
Diamond industry decides against stopping work for now Diamond industry associations jointly decided not to suspend imports of rough diamonds right now, and to deal with the issues facing the industry through further consultations.The industry considered clamping down on imports, but decided against it as "as the workforce in fac...
CommonFloor offers freelance photography jobs Commonfloor.com has introduced a new ‘Free-lenser’ program aimed at amateur and freelance photographers that will help them work and earn.CommonFloor is calling-in entries from photographers who are interested to "capture pictures of a locality which can depict the ...
Economy in high gear – hiring picks up in June, says Monster index The Indian economy is kicking into the high gear, going by hiring data from Monster India, part of the global recruitment firm Monster Inc.With a 32 percent YoY growth, the month of June has registered the highest increase in the online recruiting this year, the company said...
India adds 72 lakh to workforce every year: Survey A survey by ASSOCHAM and National Institute of Labour Economics Research & Development has found that India adds around 72 lakh members to its workforce every year, and the total work force will rise to 485.6 million by 2016-17 and to 495.1 million by 2019-20.The surv...