Banking and Insurance hiring jumps 40% in August, overall hiring up 10%: Naukri

naukri, one of India’s leading job sites, said that hiring increased by 10.2% in August as compared to last year, contributed by over 40% hiring growth in Banking and Insurance industry.

Banking and financial industry experienced a growth of 42% whereas the insurance industry witnessed 49% growth during the same period, said the company.

Real Estate as an industry continues to see a slowdown and in August witnessed a 33% reduction in new jobs posted, added the company.

IT recruitment grew 11% and BPO industry hiring had an even more impressive month and clocked 16% growth.

Infrastructure oriented industries saw either sluggish growth or in some cases jobs actually decreased when compared to last year, said the survey.

Construction and Engineering industry saw jobs decrease by 8% whereas Oil and Gas indusry saw jobs decrease by a huge 17%.

Pune and Kolkata by comparison had comparatively better hiring growth of 11% and 12% respectively compared to Delhi, Mumbai and Bangalore which saw annual growth measuring 6%, 2% and 5% respectively. is one of India’s leading job portals and a flagship brand of Info Edge founded in the year1997.