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,
February 19 2009
Monthly Update of JobSpeak, The Naukri.com Job Index – Jan 2009
According to the Naukri JobSpeak, the overall job index at 738 in January 2009, is 5% up from 697 in December 2008, reflecting a marginally improving hiring scenario in January as compared to December 2008. Overall, this implies a 26.2% decline in new jobs since July 2008.
On the report, Hitesh Oberoi, COO and Director, Info Edge (India) Ltd said, "The downtrend in jobs was arrested to an extent in January. However it may be a while before we see a recovery."
A location wise analysis reveals an improved situation in IT cities like Bangalore, Kolkata Hyderabad and Pune. The industry analysis reveals a positive scenario in IT, BPO, Telecom, Banking and Hospitality.
City wise Analysis: The job index for Bengaluru moves up by 18% in Jan 2009
The city wise analysis revealed a growth in new jobs in Bangalore and Kolkata. The Bangalore job index at 747, gained 18% as compared to December 2008. The Kolkata job index that had slipped to a low of 586 in December 2008, gained 23% in Jan 2009. Delhi, Hyderabad and Pune saw a marginal increase in jobs as compared to Dec 2008.
Industry Analysis: ITeS , BPO and Telecom buoy the job industry
Most of the industries saw a positive hiring scenario in Jan 2009 as compared to Dec Niche industries including Legal, Government and Defence continued to see an increase in Jobs, with the index above July 2008 levels.
Functional Area / Department Analysis: Most functional areas see an increase in demand
IT, ITeS, Sales, Project Management Accounting and Banking professionals saw an upward movement in the index, especially ITes saw an increase in new jobs by 18%. Functional areas including Teaching and Hospitality inched up above the July 2008 levels indicating a robust job scenario in these sectors.
The index has been calculated based on new jobs added to the site month on month. July 2008 has been taken as the base month with a score of 1000 and the Aug 08-Jan 09 index is compared with the data for July. Data has been sourced from Naukri.com and is reflective of new job listings added on the site. Jobs have been categorised by location, functional area and industry. The index has been analysed across Cities/ Functional Area - Deptt / Industry verticals. The report (produced monthly) will show hiring trends across industry sectors, geography and functional areas. More than 32500 national and international clients use Naukri.com, leading to high reliability of data.
Naukri.com, India's No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment in India. Since its inception in 1997, Naukri.com has seen exponential growth year after year. Info Edge completed a successful IPO in November 2006 and became the first internet company to be listed in India.
Naukri.com is a recruitment platform that provides hiring-related services to the corporate world, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, and Response Management tools and its services include Job Postings, and branding solutions on the site. With 2,00,000 jobs live at any point, Naukri.com serviced over 32500 corporate clients in 2007-2008.
The company has over 1700 people operating through 66 offices in 42 cities in India and overseas offices in Dubai, Riyadh and Bahrain.