Key highlights:

  • Overall job market saw an 11% fall in new jobs
  • IT-software industry was hit the most with a 24% fall in hiring in April
  • Key industries like construction and BPO/ITES saw a 10% and 12% fall in hiring

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

With top IT firms laying off professionals, the IT-software industry was hit the most with a 24% fall in hiring in April this year as compared to April 2016, according to a survey by job site Naukri.com.

"The overall job market saw an 11% fall in new jobs, with IT-software industry most hit. IT-Software industry was hit the most with a 24% decline in hiring in April as compared to April 2016," the Naukri Job Speak Index said.

ALSO READ: IT Job Market: Nearly 2 lakh jobs at stake at Infosys, Cognizant, others as cos step-up American hiring

April jobs index saw year-on-year fall in major metros -- Delhi/NCR, Mumbai, Bengaluru and Chennai, it added.

Hiring activity saw a fall in telecom, BPO, insurance and construction sectors during April as compared to April 2016.

Can govt's focus on job creation help Indian IT sector?

"Though major negative impact seems to be in sectors like IT/BPO/telecom/insurance and construction, there seems to be an air of caution across all sectors and this volatility is likely to continue for a few more months before the markets could move north again."

Six out of the eight metro cities tracked saw a decrease in hiring activity in April.

The index for Delhi/NCR, Mumbai, Chennai and Bengaluru saw a dip of 28 %, 18 %, 29 and 28 %, respectively, while Kolkata and Ahmedabad saw an increase of 10 % and 19 %, respectively, as compared to April, 2016, the survey noted.

ALSO READ: Junior-level IT jobs in India are disappearing at a fast clip

The maximum number of new jobs (3% month-on-month) were created in the 0-3 years' category.

Senior management hiring fell, with jobs for 13-16 years of experience witnessing a fall of 2% when compared with March, 2017.

While hiring in junior management remained buoyant, mid-management hiring (8-12 years of experience) witnessed a decrease of 3 % during April.