Press Release

Naukri Job Speak January 2015 Bangalore

February 1 2015

Bangalore sees a 13% increase in the hiring activity in January 15&rsquo over January 14&rsquo: Naukri Job Speak Index

  • IT sector sees a marginal increase of 1% in their hiring activity in January 15&rsquo over January 14&rsquo
  • IT  and Account professionals saw increased hiring activities in their sectors with the index moving up by 9% and 6% respectively

Bangalore, January 2015
The Naukri Job Speak Index for Bangalore was at 1812 in the month of January 2015 indicating a 13% increase in the hiring activity in comparison to January 2014. However, Industry wise hiring sentiments looked lukewarm with sectors like IT and Pharma seeing a marginal increase of 1% and 5% respectively in their hiring levels in the same time period. The Banking and Financial Services sector saw a strong increase of 45% in their hiring activity in January 15&rsquo as compared to January 14&rsquo.
V Suresh, Executive Vice President and Chief Sales Officer, Naukri.com said &ldquoJob Market in the Silicon Valley of India continues to sustain the momentum gained in 2014 showing a 13% growth in Jan 2015 vs. Jan 2014.With signs of global economic recovery backed by healthy domestic demand, good times are back again and we can expect the hiring numbers to go up in the next few quarters.

Industry Sector Analysis:
A detailed analysis revealed that the IT sector saw an increase of 1% in hiring over the year. The Telecom sector experienced robust hiring and registered a growth of 29% in January&rsquo15 in comparison to January&rsquo14. The Pharma sector saw hiring going upwards by 5% in the month of January 15&rsquo in comparison to last year. However, Construction & Engineering saw a dip of 14% over the year.

Functional Area Analysis:
The job index spelt good news for IT professionals with the sector continuing to hire talent. The demand for professionals in the sector saw an increase of 9% in the month of January 15&rsquo over January 14&rsquo. Sectors such as Accounts and Finance and HR also continued to hire at a decent pace and showed a 6% and 15% rise respectively over the year. However, hiring of Production and Maintenance professionals saw a southward trend with the index moving down by 19% in the same period.

About Naukri.com
Naukri.com, India&rsquos 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 continuously outperformed its competitors in every sphere. Info Edge was the first internet Company to be listed in India. The site enjoys a traffic share of 69% as per Comscore. 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 more than 1, 25,000 jobs live at any point and over 38 million CV&rsquos, Naukri.com serviced over 48000 corporate clients in 2013-2014. The company employs over 3100 people operating through 56 offices in 42 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.