Info Edge (India) Limited
B - 8, Sector - 132
Noida - 201304
Phone: +91-120-4841100, +91-120-3082000
Info Edge (India) Limited
A-88, Sector -2,
July 10 2013
2% increase witnessed in hiring in June when compared to June last year
The Naukri Job Speak index at 1230, is 7% lower in June' 13 when compared to May' 13, however the index shows an increase of 2% when compared to June'12. Among the metros, while hiring was low in June'13 over May'13, Delhi, Bangalore, Hyderabad and Kolkata have seen a positive trend in hiring on a year on year basis. Delhi-NCR has emerged as the major hiring hub with 21% rise in hiring in June '13 when compared to June'12 Mumbai has seen a decline in hiring by 8% during the same time period. For most of the sectors, the hiring figures have been slightly sluggish on a month on month basis. However on a y-o-y basis, ITES sector created the maximum jobs with 47% increase in the index value in June’13 followed by Healthcare, Banking and IT with 14%, 5% and 3% rise in values.
Mr. Hitesh Oberoi, MD and CEO Info Edge (India) Ltd said "The macroeconomic environment is still not very robust and the pattern of job creation in this quarter has been quite symbolic of caution and vigilance taking cues from the weakened global economic parameters. However across industries and functions, hiring should stay resilient over a longer term. Sustainable growth will take time to settle into place."
Industry Sector Analysis:
ITES is the one sector to exhibit high growth of 47% in hiring when compared to previous year while it has gone down by 8% in June-13 when compared to May-13. Job demand in Banking & Financial Services and Software Services has shown a rise in index Value by 5% & 3% respectively on a year on year basis in June'13.
Oil & Gas and Insurance sectors have seen a marginal growth of 2% in June-13 when compared to May’13. Sectors like Pharma and Telecom after seeing consecutive growth in first two months of the quarter are now showing a dip of 27% and 18% respectively for the month of June’13 over May’13. After a slight increase in May, Auto sector has also shown a dip of 15% in hiring activity month on month.
Functional Area Analysis:
ITES has seen 46% increase in the demand for professionals in June’13 when compared to same period last year although on a month on month basis the index is showing a dip of 10%. Software Services is stable in hiring professionals and is still showing growth in hiring numbers when compared to last year. Banking & Insurance has witnessed the number of professionals being hired going up by 5% in June’13 when compared to previous month. Demand for professionals in HR, sales and accounts also showed a dip in hiring numbers in the range of 7% to 12% this month.
City Wise Analysis:
All top cities have seen lower hiring numbers in June ’13 when compared to May’13. , On a year on year basis, Delhi / NCR have seen a 21 % increase in hiring levels with Bangalore & Kolkata remaining almost stable in job creation. Job demand in Hyderabad was up by 7% in June’13 compared to the same period last year. Both Chennai & Pune saw hiring going down by 5% in June’13 over June’12. Mumbai has seen a decline in hiring by 8% during the same time period.
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 and over 33 million CV’s, Naukri.com serviced over 48000 corporate clients in 2012-2013. The company has over 2500 people operating through 57 offices in 36 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.