Hiring Activity Sees 12% Rise In March 2019 Compared To March 2018

The Naukri JobSpeak Index for March 2019, marked a 12 percent rise in hiring activity from March 2018. The IT- industry has shown continuous growth in the recruitment landscape over the past six months. Continuing with the trend, the industry in March 2019 recorded a notable rise of 38 percent growth.

Recruitment for functional areas like HR and Marketing observed a growth of 13 percent & 12 percent respectively. 

Sumeet Singh, CMO, InfoEdge India Ltd. said, “The JobSpeak index continues with its positive growth in hiring with a 12 percent rise when compared to the same period last year. Our latest Hiring outlook survey showed 89 percent recruiters from the IT industry stating that new jobs and replacement hiring will play a strong role in hiring. Hopefully, the momentum will be sustained in the coming months.”

Hiring Trends - Industry 

The industries in March 2019 which saw growth in recruitment activity were - Construction/Engineering, BPO/ITES, Insurance, FMCG, Education and IT. Since the beginning of the year, IT Software has been on a hiring spree.

The above graph depicts the six months increase in hiring activity in the IT - Software Industry

Hiring Trends - Experience

Demand for mid-level executives, in the experience band of 4-7 years grew by 14 percent whereas recruitment for entry-level jobs, with an experience band of 0-3 years, witnessed a rise of 12 percent. Recruitment activity for mid-management roles with 8-12 years of experience grew by 9 percent, while senior management roles with 13-16 years of experience recorded a 5 percent rise in hiring.

The above graph depicts the growth of hiring activity across experience band

Hiring Trends - City 

Demand for talent grew across metropolitan cities. Hiring activity for Delhi/NCR increased by 8 percent. Bangalore & Chennai saw positive growth in hiring and clocked in 18 percent and 13 percent respectively.

Rajguru Tandon

BW Reporters The author is a correspondent with BW Businessworld with keen interest in HR and employee welfare.