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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.
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“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.
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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.
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