Hiring activity rises 10% in December

A city-wise analysis shows all metro cities registered an increase in hiring activity in December 2014 when compared with December 2013.

Hiring activity in December rose 10 per cent year-on-year and the optimism in the job market is likely to continue in 2015 as well, says a Naukri.com report.

A monthly comparison, however, shows a decline of 3.12 per cent.

"The Naukri Job Index for December reflects a 10 per cent growth in hiring activity," Sumeet Singh, Senior vice president, Marketing and Corporate Communication, Info Edge (India), which owns job portal Naukri.com, said.

Singh added, "Barring October (owing to the festivities), entire 2014 has been a good year with increase in hiring activity.

"With improvement in the domestic market, we are hopeful that the growth story should continue."

Sectorwise, oil & gas and BFSI (banking, financial services and insurance) witnessed the maximum year-on-year growths of 27 per cent and 17 per cent in December 2014.

In addition, IT software and business process outsourcing sectors also registered a healthy growth of 12 per cent and 9 per cent, respectively.

Meanwhile, demand for professionals in three sectors -- accounts & finance, HR & administration and IT-software -- grew fairly strongly in December 2014 over December 2013.

On the other hand, demand for production and maintenance and project management professionals registered a decline during December 2014.

A city-wise analysis shows all metro cities registered an increase in hiring activity in December 2014 when compared with December 2013.

While the maximum growth was recorded in Pune and Chennai, Hyderabad and Bangalore also witnessed high y-o-y growth to the tune of 20 per cent and 17 per cent, respectively, for the same period.

Mumbai and Kolkata registered moderate y-o-y growth of 11 per cent and 10 per cent, respectively, while Delhi grew marginally at one per cent in December 2014, the report added.