Naukri JobSpeak report documents steady demand for IT jobs even during pandemic
Analysis by India’s leading online hiring portal – Naukri.com – has confirmed what industry observers had been predicting all along – hiring in the IT sector has been the least impacted compared to other sectors, in both software and hardware segments.
In its monthly report, Naukri JobSpeak, comparison has been made on hiring activity in India based on job postings on Naukri.com during February and the subsequent months after the lockdown, which was imposed in late-March. The findings reveal that overall hiring activity is moving on the path of recovery with 12% growth in August ’20 compared to July ’20.
As all businesses went virtual, the demand for professionals in software and hardware segments remained steady – without any perceptible drop whatsoever. The overall sector saw upward month-on-month recovery, peaking in September for hardware (63%) and software roles (20%).
The report noted that during the period under study, recruiters especially looked for software developers, tech leads, tech architects, testing engineers, technical content developers, database architects and solution architects.
It was interesting to observe that there has been phenomenal growth in demand year-on-year for technical content developers (350%), solution architects (150%) and database architects (100%). And demand for tech architect roles grew over 50% year-on-year. All these are surmised to be the effect of everyone jumping on the online bandwagon – leading to a spike in web development activities.
Figure 1: Overall trend and functional areas of growth.
The three top-searched keywords on the Naukri platform by prospective jobseekers were: Java Developer, Manual Testing and Business Analyst.
According to the report, five cities made up for 60% of IT jobs in India: Bengaluru (22%), Delhi (13%), Hyderabad (9%), Pune (9%) and Chennai (7%). The steady hirers in this sector included: IBM, Cognizant, Accenture, TCS, Dell, Tech Mahindra, MindTree, Xerox and Adobe.
Overall, hiring in key industries such as Recruitment/Employment (19%), Auto (17%), BPO/ITES (16%) and IT-Software (14%) continues to improve, while FMCG (1%) and Hotels/Restaurant/Travel (2%) sectors were flat versus last month. Further, the Oil and Gas/Power sector remains severely impacted and declines by 10% even at a sequential level.
Figure 2: The Naukri JobSpeak Index shifted from 1413 from August to 1263 in July ’20.
The demand for professionals in Marketing/Advertising (20%), ITES/BPO (19%), HR/ Administration (18%) and Pharma/Healthcare (15%) saw an uptick in M-O-M hiring. It is also encouraging to see hiring pick-up for roles in the Teaching/Education sector (14%) in August ‘20, which was significantly impacted in earlier months. However, sectors that demonstrated flat demand for professionals included: Ticketing/Travel/Airlines (1%)and Hotels/Restaurants (1%).
Being at the forefront in battling the pandemic, the Pharma/Biotech (+15%) sector witnessed a positive demand for professionals. However, the demand for roles in the Banking/Insurance segment remains stable.
Hiring across experience levels also grew by an average of 10% in August’20 as compared to July’20. This was led by a 14% increase in hiring for entry-level executives (0-3 yrs. exp.) and 13% growth in mid-management roles. Even the leadership hiring (over 16 yrs. exp.) grew by 11% sequentially.
Commenting on the report, Pawan Goyal, Chief Business Officer of Naukri.com, was positive that recoveries will become more robust in the coming months. “It is encouraging to see the month on month progressive growth in hiring from the past three months as a result of the nation-wide unlocking. While the Pharma/Medical, IT and BPO/ITES sectors continue to spearhead hiring, it is encouraging to see other key sectors like Telecom, Retail and Real Estate signaling strong recovery in August’20”, he said.