September 9 2011
- Hiring activity in the Auto, Construction, Oil and Gas and Capital Goods sectors dipped within the range of 2% and 5% in Aug-11 over Jul-11
- The index for IT- Software at 1251 is the highest for the sector since Jul-08
- On a monthly level, hiring activity for the ITES sector moved up by 19%, but on an annual level hiring in the sector was 16% lower than Aug-10
- Among the metros, Kolkata and Bangalore recorded yearly growths of 29% and 21% respectively in Aug-11 over Aug-10
- Hiring activity for both 0-3 years and 4-7 years experience brackets moved up by 4% respectively during the month
A look at the Naukri job speaks index for the past few month’s shows that hiring activity has been more or less steady over a period of time. However, a yearly comparison indicates that the index has stabilized at an elevated level when compared to last year.
Thus, when we compare recruitment levels of Aug-11 with the previous month, the index moved up marginally from 1055 in Jul-11 to 1087 in Aug-11. This indicates that the global recessionary fears are yet to affect the Indian recruitment market.
“Hiring activity especially for multinational companies, are planned about two quarters in advance” said Hitesh Oberoi, Managing Director and CEO, Info Edge India. He further added “While it is possible that the slowdown in economic activity may lead to some firms lowering down there hiring pace, the reflection of the same on the overall hiring sentiment may be visible around mid October.”Industry Sector Analysis:
An in-depth analysis of the job index shows that Auto, Construction, Oil and Gas and Capital Goods saw their indices dip within the range of 2% and 5% in Aug-11.Banking, Telecom and Pharma sectors maintained steady hiring levels in Aug-11 when compared to Jul-11. This month hiring a has been upbeat for both ITES and IT sectors where the index moved up by 19 % and 8% respectively in Aug-11 over Jul-11. . When we look at it from a year on year perspective, most sectors saw positive growth barring Construction and ITES sectors.Functional Area Analysis:
A month on month analysis of key functional areas shows that the demand for professionals in Accounts, Banking and Sales moved up by 7%, 6% and 3% respectively in Aug-11 over Jul-11. Mirroring the monthly hiring trends of the IT- Software and ITES sector, Software and BPO professionals saw their hiring activity move up by 7% and 15% respectively in Aug-11 over Jul-11. The demand for Project Management and HR professionals dipped by 5% and 6% respectively when compared with last month. City Wise Analysis:
All the top cities in the country saw movement in hiring activity in August. Chennai and Hyderabad saw their indices move up by 13% and 11% respectively in Aug-11 when compared to the previous month. While, Mumbai maintained steady hiring levels, Kolkata, Delhi and Bangalore saw their indices move up by 7% respectively in Aug-11 over Jul-11. Tier 1 cities beyond metros are also doing well, thus showing an increase in their total job pool. About Naukri.comNaukri.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 continued growth while outperforming its competitors in every sphere. Info Edge was the first internet Company to list in India. The site enjoys a traffic share of around 54% as per the June Comscore data.
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 recruiter branding solutions on the site. With 230000 jobs live at any point 26 million CV’s, Naukri.com serviced over 42000 corporate clients in 2010-2011.
The company has over 1700 people operating through 53 offices in 34 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.