Press Release

Naukri Job Speak May 2015 - National Press Release (Repaired)

June 10 2015

India Inc. Hiring Activitydisplays stabilityin May 2015 over May 2014, says Naukri JobSpeak

  • BFSI sector continued to remain at the top of charts and recorded the maximum year on year growth in hiring activity across industries, to the tune of 53%, as per the Naukri Job Speak May&rsquo15 index
  • Delhi-NCR recorded the maximum increase in hiring activity and stood at a Y-o-Y growth of 12%
  • The demand for professionals in Banking/Insurance sector grew by 22% Y-o-Y in the May&rsquo15 index


New Delhi, June 10, 2015:
The Naukri Job Speak Index for the month of May 2015 stood at 1664recording a 2% dip in hiring activity overMay 2014. While the hiring sentiment in the BFSI industry continued its upward trend as mentioned above, Oil and Gas, Auto and Pharma industrieswitnessed a year on year decline in hiring activityin the May&rsquo15 index. The Media and entertainment sector witnessed a growth of 9% in hiring activity in May&rsquo15 over May&rsquo14. Among the metros, Delhi recorded the maximum Y-o-Y growth in the May&rsquo15 indexfollowed by Bangalore.

V. Suresh, Executive Vice President and Chief Sales Officer, said, &ldquoPost an impressive 11% growth in April, the job market continues to move north gaining further momentum in May thanks to the slow but steady revival in sectors like Banking, Accounting, Media and Entertainment.This trend is likely to continue and looks like exciting times are ahead for jobseekers across sectors.&rdquo


Industry wise Analysis:

Apart from the BFSI industry, which led the pack in terms of Y-o-Y growth in hiring activity,

  • Accounting/Finance industryreported a Y-o-Y growth of 21% in the May&rsquo15 index
  • The IT- Hardware and Software industries witnessed a Y-o-Y growth in hiring activity to the tunes of 3% and 2% respectively in the May 2015 over May 2014
  • The Healthcare industry registered a Y-o-Y growth of 3% in May 2015 over May 2014
  • Pharma recorded a Y-o-Y decrease of 9% in hiring activity in the May&rsquo15 index
  • Core sectors like Oil and Gas, Auto, Insurance and Real estate witnessed a decline in hiring activity to the tunes of 8% and 21% respectively in May&rsquo15 over May&rsquo14

City Wise Analysis:

As mentioned above, Delhitooka lead in hiring activityin the May&rsquo15 index

  • Bangalore witnessed a growth in hiring activity to the tune of 5% in May 2015 over May 2014
  • The hiring activity in Mumbai and Puneremained stableaccording to the May&rsquo15 index
  • In contrast, Chennai, Hyderabad and Kolkataregistered Y-o-Y decrease of 4%, 5% and 8% in hiring activity inthe May&rsquo15 index


Functional Area Analysis:

As mentioned above banking and Insurance sector saw the maximum increase in the demand in the May&rsquo15 index. Following that

  • Demand for professionals in Pharma and IT-Software also recorded a Y-o-Y growth of 7% and 3% in May&rsquo15 index
  • The demand for professionals in Consulting and Marketing also witnessed a Y-o-Y growth to the tunes of 8% and 5% respectively in May&rsquo15 over May&rsquo14
  • The demand for professionals in Top Management declined by 7% Y-o-Y in May&rsquo15
  • IT- Hardware / Telecom and ITES professionals alsosaw a Y-o-Y decline of 9% and 14% respectively in their demand in the May&rsquo15 index

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Srishtee Sharma