The year on year analysis for Kolkata recorded an increase of 11% in hiring activity in November 2016 over November 2015. The Naukri Job Speak Index for the month of November 2016 stood at 1817 over the same period last year.
Trend of jobs growth in FY 2016
V Suresh, Chief Sales Officer, Naukri.com said,“Jobspeak index continues to sustain the momentum gained over the past few quarters, with 14% YOY growth in November.
This growth is primarily driven by sectors viz,Banking, Financial Services, Insurance (BFSI) and software services and the good news is a slow but steady revival of NON-IT sectors. This trend is likely to continue and we can expect the index to further move north in 2017.”
Technology industries i.e. IT – Software/Software Services as well as ITES/BPO registered jobs growth of 14% and 15% respectively in November 2016 compared to November 2015.
Manufacturing and Infrastructure oriented industries continue to remain flat or register small annual growth in jobs. Oil & Gas/Power/Infrastructure industry jobs were flat in Nov 2016 while Industrial Products/Heavy Machinery saw 8% increase in the same time period. Jobs in Construction/Engineering/Cement/Metals decreased by 6% in Nov 2016 compared to Nov 2015.
Amongst other industries, Medical/Healthcare saw a 24% YOY growth in jobs while Education/Teaching also witnessed a 35% increase in jobs in the same time period.
Functional Area Analysis:
The functional area IT – Software reflected the growth in technology industries and registered 16% YOY growth in Nov 2016. ITES/BPO/KPO saw an increase of 22% in the same time period.
Functional areas associated with infrastructure and engineering industries saw modest growths in keeping with the trend in their industries. Production/Maintenance/Quality jobs increased 5% in Nov 2016 compared to Nov 2015 while Site Engineering/Project Management and Engineering Design/R&D jobs grew by 4% and 3% respectively in the same period.