Press Release

Naukri Job speak DEC-Kolkata-2014

January 8 2015

Kolkata witnesses 10% yoyincrease in Naukri Job Speak Index in December &rsquo14

  • High growth in BFSI sector with a 17% year on year increase in hiring activity in December &rsquo14
  • IT sector registered a 12% yoy growth while the Insurance sector grew by a marginal 1% for the same period

Kolkata, 8th January 2015:
The Naukri Job Speak Index for Kolkata was at 1363 for the month of December &rsquo14, a 10% increase over December &rsquo13. Among the key sectors in the city, BFSI grew by 17% , Insurance grew by 1% but the Pharma sector registered a 4% decline in hiring activity in December &rsquo14 when compared with the same period last year.
V Suresh, Executive Vice President and Chief Sales Officer, said, &ldquoThe City of Joy, Kolkota witnessed a 10% increase in hiring activity led by positive sentiments in sectors like IT and BFSI.This trend is likely to continue and further gain momentum in the coming months.

Industry Sector Analysis:
Sectors like IT-Software, ITES and Banking saw a significant increase of 12%, 9% and 17% respectively in their hiring activities in December 14&rsquo over December 13&rsquo. However, we also saw a downward trend for some sectors such as Construction & Engineering and Pharma. They witnessed a marginal year on year decline of 1% and 4% respectively in December &rsquo14. Other sectors like Oil& Gas and Capital Goods recorded an increase of 27% and 6% respectively over the same period.
Functional Area Analysis:
The demand for HR and Finance professionals went up by 20% and 21% respectively in December &rsquo14 when compared to December &rsquo13. At the same time, demand for IT-Software professionals increased by 18% but a reverse trend was observed for the Project Management and Production & Maintenance professionals where hiring activity declined year on year by 8% and 7% respectively in December &rsquo14.
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Srishtee Sharma