Hiring activity over May 2016 reveal that IT-Software and ITES sectors saw positive growth during the year led to an impressive hiring sentiment for these sectors. Telecom and Real estate professionals saw negative growth during the period. Demand for professionals in IT-Software and ITES also witnessed an upsurge trend in the May’16 over May’15. Meanwhile sales and Business Development and Accounts professionals saw demand in their jobs go up by 19% and 22% in May 2016. Project Management and IT-Hardware and Telecom professionals saw negative growth in the May’16 over May’15. City wise analysis reveal that, Delhi/NCR reported an impressive Y-o-Y growth of 58% and Mumbai and Bangalore saw stable growth in the same period. Sectors like pharma/biotech and insurance seem to show growth over the past few months.
► BFSI and Automobile sectors saw positive growth during May’16 reported a growth of 15% and 11% respectively.
► Oil & Gas sectors saw dip in jobs creation while May’16.
► Real Estate posted a decline of -6% in the May’16.
► IT-Software and ITES continues to rise, reports 30% and 34% growth respectively
Functional Area analysis:
► Demand for professionals in IT-Software continues to grow.
► Pharma & Biotech professionals saw an increase of 25% Y-o-Y growth
► Marketing and Banking professionals saw their jobs jumped to 50% and 17% respectively
► Demand for professionals in HR and Top Management saw stable growth
► Demand for professionals in Project Management drop in May’16
► All metro cities witnessed growth in jobs this year in May compared to May 2015.
► While, Delhi/NCR reported a Y-o-Y growth of 34% in the May’16
► Mumbai and Bengaluru saw on average growth of 22% and 20%
► Chennai and Hyderabad also saw an increase of 19% and 27% respectively
► Pune and Kolkata witnessed an increase of 24% and 31%