Online hiring activity sees 9 per cent growth in October: Report

By: |
Published: November 16, 2017 2:30:36 PM

Online hiring activity registered a 9 per cent jump in October, indicating signs of recovery in the job market as employers are cautiously optimistic about the recruitment activity, a report says.

Online hiring, October, employers, Job market, Naukri JobSpeak indexOnline hiring activity registered a 9 per cent jump in October, indicating signs of recovery in the job market as employers are cautiously optimistic about the recruitment activity, a report says.(Image: IE)

Online hiring activity registered a 9 per cent jump in October, indicating signs of recovery in the job market as employers are cautiously optimistic about the recruitment activity, a report says.  The Naukri JobSpeak index for October this year stood at 1,728, up 9 per cent from 1,580 in the year-ago period .  Key industries like banking/insurance recorded a growth of 28 per cent in hiring in October, while in terms of cities, hiring picked up across all 13 cities tracked, the report noted.  “There seems to be an air of cautious optimism in the job market. The Jobspeak index for October has witnessed a 9 per cent year-on-year growth,” Naukri.com Chief Sales Officer V Suresh said adding that though the non IT sector has led this growth, it is good to see a slow recovery in the IT sector.

Among other industries, auto, construction/engineering and insurance saw a growth of 23 per cent, 22 per cent and 15 per cent, respectively in October.  Going forward, Suresh said the volatility in the job market is expected to continue for a few more months.  In terms of experience bands, senior management roles with experience requirement of over 16 years saw a 14 per cent growth in October as compared to the year-ago period.  Jobs for entry level jobseekers having 0-3 years experience increased by 13 per cent while hiring for roles with experience requirement of 13-16 years witnessed a 10 per cent growth.  Junior level roles for job seekers with 4-7 years of experience saw 8 per cent growth in October.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1CavinKare launches ‘SaaFoo’ washes brand to cleanse vegetable, fruit & meat
2Discom losses seen doubling to Rs 58,000 crore in FY21
3Maharashtra sugar mills seek extension of licence for hand sanitiser manufacture