Info Edge (India) Limited
B - 8, Sector - 132
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Phone: +91-120-4841100, +91-120-3082000
Info Edge (India) Limited
A-88, Sector -2,
March 31 2009
Monthly Update of JobSpeak, The Naukri.com Job Index – Feb 2009
The Naukri JobSpeak index for Feb '09 at 774 is 5% up from Jan '09, indicating an improved hiring scenario from a low in December 2008 . The gain in the index is reflected in an improved job situation in cities like Delhi – NCR, Ahmedabad and Chandigarh.
On the report, Sumeet Singh, National Head – Marketing and Corp Comm, Info Edge (India) Ltd said, "Selective hiring is happening across most sectors now. However, the next few months will be challenging for the industry."
Hiring activity went up in industries like Oil and Gas, Auto, Construction, Telecom and Insurance. There was a greater demand for Sales and Business Development professionals and Production personnel.
City wise Analysis: 7 cities saw an increase in hiring activity, Chandigarh and Ahmedabad topped the charts
Out of the top 13 cities tracked, 7 cities saw an increase in hiring activity in Feb '09 as compared to Jan '09. The index for Delhi, Chennai, Pune, Ahmedabad, Chandigarh, Baroda and Jaipur moved up. The index for Chandigarh and Ahmedabad moved up by 26% and 39% respectively as compared to Jan '09.
Mumbai witnessed a decline in hiring activity by 5% from January, slowdown in hiring continued in the city.
Industry Analysis: Job Index of Auto, Insurance, Oil and Gas moved up significantly
Job creation improved in industries like Oil and Gas, Auto, Construction, Pharma and Insurance. Hiring in the Oil and Gas industry picked up by 24%, the index moved to 910 as compared to 732 in Jan '09. The index for Insurance industry moved to 922, up 20% as compared to Jan '09. The Auto industry cheered up after the slump in the past months, the index moved up by 15% from 501 in Jan '09 to 577 in Feb '09
Witnessing a sudden shift, the index for the education industry moved down by 16%, from 1112 in Jan '09 to 940 in Feb '09.
Functional Area / Department Analysis:
Sales and Business Development professionals continued to see an increase in hiring, the index moved up from 849 in Jan '09 to 953 in Feb '09. Banking and Insurance professionals saw an upward trend in hiring, the index moved up by 10% from 665 in Jan '09 to 737 in Feb '09.
The demand for professionals in Hospitality saw a downward trend in Feb '09. The index moved down from 1046 in Jan '09 to 925 in Feb '09
Experience bucket: Senior Management hiring picked up by 10%
The maximum number of jobs continued to be in the 4-7 years category. However it was the senior management category that saw a push in hiring in Feb '09. Senior Management hiring picked up, with jobs for 16+ years of experience moving up by 10% as compared with Jan '09. New jobs for the experience band of 13-16 years picked by 6% as compared with Jan '09
The index has been calculated based on job listings added to the site month on month. July 2008 has been taken as the base month with a score of 1000 and the subsequent monthly index is compared with data for July. Data has been sourced from Naukri.com and it reflects of job listings and therefore hiring trends on the site. Jobs have been categorised by location, functional area, industry, experience bucket. 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/ recruiters, 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 67 offices in 42 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
Press Release 31st March 2009
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