Press Release
March 13 2013
Hiring activity for Feb-13 is 4% more than Jan-13: Naukri Job Speak Index
- Both, Pharma and IT- Software sector saw 5% increase in hiring levels in Feb-13 when compared to Jan-13
- Highest growth was seen in Pune and Kolkata where hiring activity moved up by 9% in Feb-13 when compared to Jan-13
The muted hiring sentiment of 2012 has finally seen some positive light as hiring activity for India Inc in Feb-13 is 4% higher than what it was in Jan-13 and 9% higher than the same time a year ago. This is matter of cheer for jobseekers as a month on month comparison of the job index shows that sectors like Software services, BPO and Pharma have been witnessing positive hiring trends consecutively for the last two months.
"There are some signs of hiring picking up but it is too early to call it a turnaround. Hopefully the worst is now behind us and things will start improving from here on." said Hitesh Oberoi, Managing Director and CEO, Info Edge India
Industry Sector Analysis:
While some sectors saw positive movement in hiring activity, sectors like Banking, Oil and Gas, Telecom and Insurance saw month on month dips in hiring levels. The highest month on month dip of 13% was seen in the Banking sector. Both Oil & Gas and Insurance sectors saw 9% dip in hiring levels in Feb-13 when compared to Jan-12. Auto sector saw stable hiring levels while Capital goods, Software services and Pharma sector saw 9%, 5% and 2% increase in their hiring levels in Feb-13 over Jan-13.
Functional Area Analysis:
Positive hiring activity was seen for professionals across important functional areas. The highest demand was seen for professionals in HR, Software services and Accounts domains where the Naukri Job speak index moved up by 9%, 8% and 7% respectively in Feb-13 over Jan-13. Sales and Engineering design professionals saw 3% and 2% increase in demand while professionals in banking domain saw about 8% dip in hiring levels during the same time period.
City Wise Analysis:
Barring Hyderabad which saw stable hiring levels, hiring activity for all cities grew on a month on month basis. Highest growth was seen in Pune and Kolkata while Delhi, Mumbai, Bangalore and Chennai saw hiring activity grow within the range of 3% and 6% in Feb-13 when compared to Jan-13.
About Naukri.com
Naukri.com, India's 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 seen continued growth while outperforming its competitors in every sphere. Info Edge was the first internet Company to be listed in India. The site enjoys a traffic share consistently over 60% as per the 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, listings and Response Management. With 230000 jobs live at any point 32 million CV's, Naukri.com serviced over 46500 corporate clients in 2011-2012.
The company has over 2400 people operating through 53 offices in 34 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.
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