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India – Recruitment activity flat in August: Naukri

12 September 2019

Hiring activity in India was flat in August 2019 when compared to the same month of 2018, according to the Naukri JobSpeak Index.

The Naukri job index for August 2019 stood at 2,164, compared to 2,161 in August 2018.

Naukri stated that August’s steady figures were due to a decline in growth rates across sectors such as BFSI (Banking, Financial Services and Insurance), which reported a decrease of 23%. Auto (-16%), and Construction (-14%) also reported decreases, year-on-year. However, other sectors, such as IT-Software and accounting, reported a growth of 14% and 26%, respectively.

Hiring activity increased by 2% year-on-year for mid-level executives. Demand for entry-level jobs remained unchanged. Hiring for senior management roles (13-16 yrs.) and leadership roles (16+ yrs.) saw a decline of 7% and 8%, respectively.

Meanwhile, among cities, Delhi and Mumbai observed a decline in hiring, but Hyderabad and Pune recorded growth in recruitment activity during August 2019.

Pawan Goyal, Chief Business Officer, Naukri.com, commented, “The economic slowdown in some sectors has impacted the overall hiring activity for the month of August 2019. However, the growth in sectors like IT-Software ensured that there was no decline in overall hiring activity. Hopefully, the upcoming months will see a revival of hiring in crucial sectors.”

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