Hiring In The IT Sector Picks Up; Chennai And Bengaluru See Maximum Growth

A report as observed by PTI says that there was a 12 percent rise in hiring activities in March mainly led by the IT industry that registered a 38 percent growth.

The Naukri JobSpeak Index for March 2019 rose by 12 percent to 2,378 from 2,129 in March 2018.

The IT-industry has shown 38 percent growth over the past six months. As for functional areas like human resources and marketing, recruitment growth was observed at 13 percent and 12 percent respectively.

The monthly index Naukri JobSpeak that calculates and records hiring activity based on the job listings on Naukri.com website which saw growth in recruitment activity in various industries with construction and engineering, BPO and ITES, insurance, FMCG, education and IT hardware growing at 13 percent, 9 percent, 6 percent, 5 percent, 7 percent and 3 percent, respectively.

On the other hand, industries like auto ancillary saw an 8 percent fall in hiring while banking and financial services experienced a 15 percent dip.

City-wise, the report showed that Bengaluru and Chennai clocked an 18 and 13 percent, respectively.

In Bengaluru, while the IT-software industry recorded a growth of 49 percent in their recruitment activities, the auto and ancillary and BFSI industry saw a 6 and 43 percent, respectively.

Meanwhile, in Chennai, the IT and software dominated the hiring scenario with a 45 percent growth while BFSI saw a dip of 12 percent according to the report.