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,
December 13 2013
The Index has witnessed 16% increase in hiring in Nov'13 over Nov'12
The Naukri Job Speak Index for the month of November 2013 was at 1,300 showing a 1% growth in hiring, when compared to October'13. Annual comparison shows that hiring activity has witnessed a 16% increase in Nov'13 as compared to Nov'12. Industry wise hiring sentiment was positive but weak in Nov'13 except in IT-Software which has seen an upward trend with the index moving up by 10% in Nov'13 when compared to Oct'13. Sectors like insurance and telecom saw double digit decline with the index moving down by 29% and 17% respectively in the same period.
Among the top metros, Kolkata has shown the maximum increase in hiring with the index moving up by 14% in Nov'13 when compared to Oct'13.
Mr. Ambarish Raghuvanshi, Group President Finance and CFO Info Edge (India) Ltd said. "Indian economy is currently poised on the cusp of change since general elections are around the corner. Despite global uncertainties, the hiring outlook for the country in 2014 remains positive. The Naukri Job Speak Index has moved up in the past two months which presages better hiring outlook in 2014. Global companies are now looking at India as a core growth market since India has morphed into the talent powerhouse with the emergence of new technologies and business models. We are bullish on hiring in India next year."
Industry Sector Analysis:
An in depth analysis reveals that amid industries, IT-Software continues to experience growth with the Naukri Job Speak Index moving up by 10% M-O-M. Oil & Gas and Banking are also seeing positive growth with the index up by 6% and 4% respectively. In terms of downward trends, sectors like BPO and Auto are facing a dip with the index moving down by 17% and 9% M-O-M.
Annual comparison shows that IT Software has continued to grow with the Naukri Job Speak index moving up 37% Y-O-Y.
Functional Area Analysis:
The demand for professionals working in IT Software continues to grow with the index moving up by 8% in Nov'13 as compared to Oct'13. Apart from that, professionals working in areas of Project Management and Engineering Design are also witnessing an increase in demand with the index moving up by 6% and 5% respectively. Annual comparison shows that IT Software has maintained its growth curve with the index moving up by 34% Y-on-Y.
In terms of declines, professionals in ITES/BPO area have seen a decline with the Naukri Job Speak Index moving down by 17% M-O-M.
City Wise Analysis:
Among all metros, Bangalore and Chennai have seen modest growth with the index moving up by 7% and 2% respectively. In terms of decrease, Delhi-NCR and Mumbai have observed a decline of 2% M-O-M each.
Annual comparison shows Delhi saw an increase with the index moving up by 25% in Nov'13 as compared to Nov'12.
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 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 employs over 2500 people operating through 57 offices in 36 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.