- Construction, Telecom and ITES sector continue to witness dipping hiring figures over the last three months
- On the contrary, hiring activity in the Auto and Banking sector moved up by 4% and 8% respectively in May-12 over Apr-12
Despite uncertain economic conditions and low GDP growth, the overall hiring activity of India Inc is moving at a stable rate. The Naukri Job Speak index for May-12 is 10% higher than what it was a year ago, but monthly growth has been negligible owing to a mixed hiring sentiment across sectors. In May-12, both IT- Software and ITES the largest job creators in the country have seen a marginal dip in hiring levels when compared to the previous month.
“Concerns of a global economic crunch and rising inflationary pressures are acting as a caution sign for India Inc. Therefore recruiters of some sectors are on a wait and watch mode. This does not mean that companies have frozen hiring, but they are certainly not going overboard.” said Hitesh Oberoi, Managing Director and CEO, Info Edge India
Industry Sector Analysis:
Hiring activity has been positive for Auto, Oil & Gas and Banking sectors with the job speak index moving up by 8%, 6% and 3% respectively in May-12 over Apr-12. The Software services and Pharma sector has seen stable hiring levels over the last one month. On the contrary, Construction, BPO and Telecom sectors have been staggering with low hiring figures for the last few months and have seen dips within the range of 4% and 9% in May-12 when compared to Apr-12.
Functional Area Analysis:
An in-depth analysis of key functional areas shows that the demand for professionals in Production and Project Management moved up by 4% respectively in May-12 when compared to Apr-12. Mirroring trends of the IT- Software sector, professionals in software services also did not witness much activity and hiring maintained steady levels. Professionals in BPO and HR domain witnessed low demand with hiring activity 4% and 3% respectively in May-12 over Apr-12.
City Wise Analysis:
Barring Chennai and Mumbai which witnessed a 9% and 3% increase in hiring activity, all the other top cities of the country saw dipping hiring numbers within the range of 2% and 4% in May-12 when compared to Apr-12. Tier 2 cities beyond the metros also saw dips in their hiring during the month.
Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment in India. Since its inception in 1997, Naukri.com has seen continued growth while outperforming its competitors in every sphere. Info Edge was the first internet Company to list in India. The site enjoys a traffic share of around 54% as per the June Comscore data.
Naukri.com is a recruitment platform that provides hiring-related services to corporates/ recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, and Response Management tools and its services include Job Postings, and recruiter branding solutions on the site. With 230000 jobs live at any point, Naukri.com serviced over 42000 corporate clients in 2010-2011. The company has over 1700 people operating through 53 offices in 34 cities in India and overseas offices in Dubai, Riyadh and Bahrain.