March 12 2012
Hiring activity for Feb-12 is 8% higher than Jan-12 and 15% higher than Feb-11
- Barring Telecom and Oil & Gas, all sectors witnessed positive hiring activity in Feb-12 when compared to the previous month
- Positive hiring activity was witnessed across all cities in Feb-12 when compared to Jan-12
India Inc's hiring activity has rebounded in Feb-12 with the job index at 1209 being the highest ever since the index was introduced. This also dovetails with the optimism in the Naukri Hiring Outlook Survey where 72% of recruiters had said that new jobs will be created in the first half of 2012. A month on month comparison of the job index shows that barring a few sectors, hiring activity in most industries, cities and functional areas have been moving in a positive direction. When we compare the Feb-12 index with the Feb-11 index then there has been a 15% jump in hiring activity.
Hitesh Oberoi, MD and CEO, Info Edge India said "A look at the job indices for the last few months shows high volatility with the index swinging between highs and lows every successive month. The index for February should be seen in that light. One interpretation is of cautious optimism and a case for selective hiring"
Industry Sector Analysis:
An in-depth analysis of the indices shows that all the top industry sectors registered positive monthly growth in Feb-12 as compared to Jan-12. Construction, Banking and IT sectors witnessed maximum movement in the employment front with the index moving up by 13%, 12% and 7% respectively in Feb-12 when compared to the previous month. Auto and BPO sector saw 4% and 3% upward movement in hiring activity when compared to Jan-12. Oil and Gas sector saw a 2% dip in hiring activity while Telecom and Capital goods sector witnessed steady hiring levels when compared to Jan-12.
Functional Area Analysis:
The hottest skill sets for the month of Feb-12 were professionals in Sales, Accounts and HR where the index moved up by 11%, 9% and 8% respectively as compared to the last month. The demand for professionals in Software services moved up by 6% in Feb-12 over Jan-12, while the demand for professionals in BPO services and Marketing remained steady.
City Wise Analysis:
Bangalore and Chennai maintained strong hiring trends with the index moving up by 10% and 12% in Feb-12 as compared to the previous month. Pune and Hyderabad have also been upbeat about hiring with the index moving up by 9% and 8% respectively in Feb-12 over Jan-12. Delhi maintained steady hiring levels while both Mumbai and Kolkata saw the index moving up by 5% respectively in Feb-12 over Jan-12.
Overall, the index seems to be showing a month on month increase indicating a positive hiring sentiment across most markets and industry sectors for the coming months.
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 continued growth while outperforming its competitors in every sphere. Info Edge is the first internet Company to be listed 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 recruiter branding solutions on the site. With 200000 jobs live at any point, Naukri.com serviced over 42000 corporate clients in 2010-2011.
The company has over 2000+ people operating through 49 offices in 32 cities in India and overseas offices in Dubai, Abu Dhabi, Riyadh and Bahrain.
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