January 9 2014
The Index has witnessed no change in hiring in Dec'13 over Nov'13
-
Amongst metros, Delhi and Hyderabad witnessed the maximum improvement in
hiring trends with 25% and 20% increase in Dec'13 over Dec'12 respectively.
Chennai witnessed a decline with the index moving down by 4% Y-O-Y.
- Professionals working in IT Software saw maximum growth with the
index showing an increase of 33% Y-O-Y.
The Naukri Job
Speak Index for the month of December 2013 was at 1,296 showing a 13% increase
in hiring activity when compared to December'12. Monthly comparison shows no
change in hiring activity when compared to November’13. Industry wise hiring
sentiment was positive with sector like IT Software showing an increase of 33%
Y-O-Y. Among the top metros, hiring momentum continued in Delhi and Hyderabad
with the Naukri Job Speak Index moving up by 25% and 20% Y-O-Y respectively.
Mr. Ambarish Raghuvanshi, Group President Finance and CFO Info Edge (India)
Ltd said "The hiring landscape which is currently holding steady with a
slightly positive bias in India is set to improve since bellwether sectors in
India like IT and ITES have shown signs of growth with the Naukri job speak for
IT growing at an average of 5% in the past three months which signals
improvement in hiring activity. Since 2014 is an election year, we expect
companies to go into an expansion mode either ahead of results or post elections
and concomitantly we will see an uptick in hiring activities of companies here”
Industry Sector Analysis:
An in depth analysis reveals that amid industries, the BPO sector has witnessed
a double digit growth of 33% Y-O-Y. Other top performing sectors include Pharma
and Telecom which have seen a spike in hiring with the index moving up by 16%
and 7% Y-O-Y respectively. The growth streak was also seen in Oil and Gas sector
with the index moving up by 7% Y-O-Y. Among sectors observing a negative
decline, Auto sector saw the maximum decline with the Naukri Job Speak Index
moving down by 17% respectively however monthly comparison shows auto sector
seeing a spike with the index moving up by 16% M-O-M.
Functional Area Analysis:
The demand for professionals working in IT and BPO sector continued to grow with
the index moving up by 33% and 31% in Dec’13 as compared to Dec'12. Apart from
that, professionals working in areas of Finance witnessed an increase in demand
with the index moving up by 7% Y-O-Y. In terms of decline, professionals working
in Banking and Insurance and Supply Chain witnessed a dip with the index moving
down by 17% and 15% Y-O-Y respectively. Engineering design and R&D also saw a
decline with the index moving down by 14% Y-O-Y.
City Wise Analysis:
Among all metros, Delhi and Hyderabad witnessed the maximum improvement in
hiring trends with 25% and 20% increase in Dec'13 over Dec'12 respectively
Bangalore and Kolkata also saw a double digit growth with the Naukri job speak
index moving up by 18% and 13% Y-O-Y respectively. Cities like Mumbai and Pune
saw a miniscule growth in hiring with the Naukri Job Speak Index moving up by 1%
Y-O-Y.
In terms of decline, Chennai was the only city amongst metros which saw a
dip with the index going down by 4% in Dec'13 as compared to Dec'12.
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 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.
For more details please contact
Geetu Batra
09873458682
Geetu.Batra@naukri.com
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