Press Release

The Naukri Job Speak Index for Mar-13 saw a minor dip of 1.1% owing to the ongoing appraisal season

April 11 2013

IT-Software, Insurance, Oil & Gas and Auto – see maximum dip in hiring in March

  • Demand for professionals in key sectors like Pharma, Construction & BPO has seen maximum hiring with 14%, 8% and 6% growth respectively in March 13’ over Feb 13’.
  • Hiring activities in top sectors like IT Software and Auto show a downward trend with the index going down by 5% and 4% respectively in Mar-13 over Feb-13.

Owing to the ongoing appraisal season, there is a minor dip of 1.1% in Naukri JobSpeak index for Mar, 13, when compared with the previous month Feb, 13. However, the overall index has shown an increase in hiring by 11.5% year-on-year. Traditionally, March has always been a month where recruitment slows down across sectors. This year as well has seen a few sectors like IT- Software, Auto and Oil & Gas dip in comparison to Feb 13’. However, hiring in Pharma, Construction and BPO sectors have remained positive in Mar-13 in comparison to the previous month.

Mr. Ambarish Raghuvanshi, CFO Info Edge (India) Ltd said “We have noticed a small correction after three successive months of growth in the Naukri Job Speak Index of 3% , 10% and 4% respectively in Dec 12, Jan 13’ and Feb 13’. While some of this can be attributed to seasonality, it is also a fact that business confidence levels which play a strong role in hiring intentions continue to be fragile. A sustainable positive trend will emerge once the economy and the environment are seen to be in a growth mode.”

Industry Sector Analysis:
A detailed analysis of hiring activity shows that almost all key industry sectors have seen dipping indices in Mar-13 when compared to the previous month barring the Pharma, Construction and BPO sectors with a growth of 14% , 8% and 6% respectively. Media & Real Estate has also seen increase in index with 5% and 7% respectively. The Oil & Gas sector has witnessed maximum dip in hiring by 13%, while Software Services and Auto sectors saw hiring activity correcting by 5% and 4% respectively when compared to Feb-13.

Functional Area Analysis:
The hiring activity for professionals in functional areas like Banking and Insurance has shown a record dip of 13% in Mar-13 over Feb-13. Other key sectors like IT, Accounts, Marketing and HR have also witnessed lower hiring numbers in the range of 3% to 7%. On the other hand ITES sector has increased by 8% in Mar-13 over Feb-13.

City Wise Analysis:
Among the metros, Bengaluru and Pune maintained steady hiring levels, while Hyderabad witnessed 5% upward movement in the index in Mar-13 over Feb-13. Delhi & Mumbai saw a 5% dip in hiring, whereas Chennai saw the maximum dip of 11% among the top seven cities, after two months of consecutive upward movement.

About Naukri.com
Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge introduced the concept of e-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 be listed in India. The site enjoys a traffic share consistently over 60% as per the 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, listings and Response Management Tools. With 230000 jobs live at any point 32 million CV’s, Naukri.com serviced over 46500 corporate clients in 2011-2012. The company has over 2400 people operating through 53 offices in 34 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.