November 26 2009
Naukri JobSpeak – October '09
- Job Index at 701 indicates a decline in hiring activity in October ‘09 as compared to 729 in September ’09, due to the festive season.
- Chennai, Bangalore, Delhi-NCR, Kolkata and Hyderabad saw an increase in hiring activity, while Mumbai saw a dip in October’09 as compared to September’09.
- ITES/ BPO, Banking, Oil & Gas and Healthcare sectors saw an increase in hiring trends in October ’09 as compared to September ’09.
- IT-Software and Hardware saw a drop in hiring activity by 2% and 4.44% respectively in October ’09 as compared to September’09.
- Pharma/Biotech/Healthcare sector witnessed the maximum growth as demand in October ’09 surged by 13% as compared to September ’09.
According to Naukri JobSpeak, the job index at 701, declined by 3.9% in October ’09 as compared to September ‘09. The three month moving average index indicates a marginal decline by 1% in the index in October’09 as compared to September’09.
Chennai, Bangalore, Delhi-NCR, Kolkata and Hyderabad showed a positive trend.
BPO/ITES, Oil & Gas, Banking/Financial Services, Healthcare etc showed a positive growth in October ’09 as compared to September ‘09.
“Indications are that the economic slowdown and hiring have bottomed out. We are now in the recovery stage as far as hiring is concerned. October figures are down on September due to seasonality and holidays due to festivals. Numbers are on expected lines,” said Mr. Ambarish Raghuvanshi, Chief Financial Officer, Info Edge.
Out of the top 8 cities, 5 cities saw an upward trend in hiring, while Mumbai, saw a dip. Hiring activity went down across all experience levels. However, the 3-Month Average in the 0-3 yrs experience range showed a positive trend.
City-wise Analysis: 5 out of top 8 cities saw a positive trend in hiring activity in October’09 as compared to September’09
Chennai, Bangalore, Delhi-NCR, Kolkata and Hyderabad saw an uptrend in hiring activity by 7.05%, 3.33%, 2%, 1.43% and 6.65% respectively in October’09 as compared to September’09. Mumbai and Pune saw a decline in recruitment activity, bringing down the index by 9% and 2.38% respectively in October ’09 as compared to September’09.
Industry Analysis: ITES/BPO, Oil and Gas, Banking and Healthcare saw an increase in hiring
As compared to September’09, ITES/BPO industry saw an increase in hiring activity in October ‘09 by 4.4%. Banking and Healthcare also witnessed an increase in the hiring activity by 4.1% and 12.43% respectively in October ‘09 as compared to September ‘09.
Hiring activity in the Oil and Gas sector bounced back in October ‘09 with an increase by 4.8 % over September ’09.
Telecom witnessed reduced hiring activity by 15% in October ’09 as compared to September ’09. Auto/Auto Ancillary and Pharma/Biotech sectors saw decreased hiring activity in October ’09 by 8.9% and 7.5% respectively. Both IT-Software and Hardware saw a slight drop in hiring activity by 2% and 4.4% respectively in October ‘09 as compared to September ‘09.
Functional Area / Department : ITES / BPO and Pharma /Healthcare professionals saw an increase in demand
The demand for ITES / BPO and Pharma /Healthcare professionals saw an uptrend. While the demand for professionals in the Pharma/Biotech/Healthcare sector grew by 13%, the demand for ITES/BPO professionals grew by 4% in October ‘09 as compared to September ‘09. The demand for Sales and Business Development professionals bounced back by 1.3% in October ’09 after showing a negative growth in the hiring activity by 3.6% in September ’09.
Index of Total Jobs
On Total Jobs (this includes refreshed jobs), the index moved down by 5.1% from 785 in September ‘09 to 745 in October ‘09. According to the Total Jobs Index, the index peaked in Sep’08 at 1004 and bottomed in Dec’08 at 739.
Methodology
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 each subsequent monthly index is compared with data for July 2008. Data has been sourced from Naukri.com and it reflects job listings and therefore hiring trends on the site. Jobs have been categorized by location, functional area, industry, experience bucket. The index has been analyzed across Cities/ Functional Area - Deptt / Industry verticals. The report (produced monthly) shows hiring trends across industry sectors, geography and functional areas. More than 34000 national and international clients used Naukri.com in 2008-2009, leading to high reliability of data.
About Naukri.com
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 remains the only listed Internet Company in India.
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, 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 34000 corporate clients in 2008-2009.
The company has over 1500 people operating through 54 offices in 37 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
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