IT sector leads the trend of Hiring activities rise in March

Hiring activities rose marginally with job listings rising to 2,436 in the month of March compared to February this year, according to a report. The increase of three per cent in job listings on a month-on-month basis was mainly led by the IT-software, as well as the retail sectors.

In February, the job listings stood at 2,356. As per the latest Naukri JobSpeak Index, given the wave of digital transformation, the IT-software sector remains shielded and hiring continued to grow by 11 per cent in March. The retail sector, which was severely impacted by the pandemic, is also seeing robust revival, with sequential hiring activities seeing an uptick of 15 per cent last month, as per the report. The Naukri JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on Naukri.com website. Key sectors such as oil and gas (7 per cent), accounting/ taxation/ finance (6 per cent) and telecom/ ISP (5 per cent) showed an uptick in hiring in March compared to February. In February, the job listings stood at 2,356.

As per the latest Naukri JobSpeak Index, given the wave of digital transformation, the IT-software sector remains shielded and hiring continued to grow by 11 per cent in March. The retail sector, which was severely impacted by the pandemic, is also seeing robust revival, with sequential hiring activities seeing an uptick of 15 per cent last month, as per the report. The Naukri JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on Naukri.com website. Key sectors such as oil and gas (7 per cent), accounting/ taxation/ finance (6 per cent) and telecom/ ISP (5 per cent) showed an uptick in hiring in March compared to February.

Job opportunities in the IT-software (42 per cent), medical /hospital (33 per cent) and retail (24 per cent) sectors showed year-on-year growth

According to him, the IT sector has been at the forefront of fueling this growth and it is encouraging to see sectors like retail and accounting/ finance also showing promising recovery over the past few months. "With the economy opening up, recruiters are ready to hire again, and 83 per cent confirmed this in our latest Naukri Hiring Outlook survey," he added. The demand for professionals in marketing/ advertising (10 per cent) and HR/ administration (8 per cent) roles also saw an uptick in March, while the demand in sales/BD (6 per cent) roles saw a sequential decline.

Hiring for professionals with 4-7 years' and 8-12 years' experience saw the highest sequential growth of 6 per cent in March this year. However, leadership hiring (those having over 16 years' experience) declined by 3 per cent last month compared to February. On a year-on-year basis, there was a notable growth of 25 per cent in hiring in March compared to the same month last year, led by sectors including IT-software, medical/ hospital and retail, the report said. Job opportunities in the IT-software (42 per cent), medical /hospital (33 per cent) and retail (24 per cent) sectors showed year-on-year growth. However, hospitality and travel sectors registered a decline of 11 per cent in hiring in March compared to the year-ago period.

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