Looking For Jobs? Hiring Trends Decreased By 7 percent In June 2017

Jobs were down by 7 per cent for June 2017 from June 2016, according to the Naukri JobSpeak index. However, jobs in certain sectors are showing signs of recovery including Banking/Financial Services, Construction / Engineering and Automobiles which saw a growth of 14 per cent, 4 per cent and 13 per cent respectively in June17 compared to June 16.

City wise Analysis :

Most of the cities recorded a decrease in hiring activity in June 17 when compared to June16. Jobs in Delhi/NCR and Mumbai decreased by 6 percent and 3 percent respectively. Jobs in Bangalore were dipped by 18 percent in the same period driven by the dip in IT industry jobs, while Kolkata showed no change. However, jobs in Ahmedabad grew by 3 percent in the same period.

Industry Analysis:

Infrastructure oriented sectors have shown some signs of recovery as jobs in Construction/Engineering, Oil & Gas/Power, Industrial Products/Heavy Machinery grew by 4 percent, 7 percent and 5 percent in June 17 on a YOY basis.

IT Software Services jobs saw a decrease of 23 percent while BPO/KPO jobs dipped by 6 percent and Insurance sector observed jobs were down by 5 percent.

Jobs for top management with 16+ years of experience fell by 5 percent while demand for senior roles with experience requirement of 8 – 12 years also saw a dip of 8 percent in the same time period.

Jobs for entry level jobseekers having 0-3 years’ experience decreased by 13 percent while junior level roles for jobseekers with 4 – 7 years of experience also witnessed an 11 percent decrease.

V. Suresh, Chief Sales Officer, Naukri.com said, “As predicted earlier, the job market continues to be volatile and the Jobspeak Index for June is showing a negative growth of 7 percent (YOY). Looks like the IT/ITES sectors have got impacted the most in June and the hiring activity is down across cities and sectors. This trend is likely to continue for few more months and there could be signs of revival in the second half.”