Naukri JobSpeak Index Feb 2022: Hyderabad Hiring Activity Rises

7 Mar, 2022 10:22 IST|Sakshi Post

In February 2022, Hyderabad had the most recruiting activity.

Hyderabad: Hyderabad's recruiting activity, which grew at the fastest rate last month, has already surpassed the trend of the previous year and reached its highest level ever in February.

According to Naukri's JobSpeak Index for February 2022, Hyderabad had a nearly 43 per cent increase in hiring over the same time last year.

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Hyderabad had the highest score of 4,329 in February 2022, according to the research, with this index standing at 3,908 in January and 3,020 in February 2021. On a pan-India basis, the research revealed that February 2022 saw the greatest ever recruiting activity, surpassing 3,000, with the index increasing by 31% year-on-year.

Multiple industries experienced considerable growth compared to the previous year, causing the index to hit an all-time high. The Naukri index reached a new high of 3,074, beating the previous high of 2,753, set in September 2021.

According to the report, "the re-opening of the Indian ecosystem has reinforced a positive sentiment among employers and jobseekers."

Insurance had the greatest employment activity growth rate of 74 per cent in February 2022 compared to February 2021, followed by retail with a 64 per cent growth rate. After a lengthy period of stagnation, the car sector suddenly showed signs of life in February 2022, growing by 12% over the same month the previous year.

IT-software/software services grew at a rate of 41%, whereas banking and financial services grew at a rate of 35%, pharmaceuticals at 34%, hospitality at 41%, and telecom at 23%.

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