April 5 2012
- A year on year comparison of the job index shows that the hiring activity of Mar-12 is 8% higher than Mar-11
- Both Oil and Gas and Telecom sector witnessed positive hiring activity with the index moving up by 6% and 4% in Mar-12 when compared to Feb-12
The first quarter of 2012 has exhibited positive hiring trends despite talks of global economic uncertainty and turmoil. The job speak index for Mar-12 at 1170 as compared to 1209 in Feb-12 shows a minor dip in the hiring activity owing to the ongoing appraisal season. Barring the Construction sector which saw a 7% dip in hiring activity in Mar-12 when compared to Feb-12, hiring levels in all the other sectors have been stable or seen positive movement.
Hitesh Oberoi, CEO and MD, Info Edge India said “Hiring tends to slowdown by the end of Q1 every year because of the appraisal cycle. We expect hiring to pick up again by June/July this year.”
Industry Sector Analysis:
An in-depth analysis of the indices shows that important sectors like IT, ITES, Auto and Banking witnessed stable hiring levels during the month. Both, Oil and Gas and Telecom sector witnessed maximum movement in the employment front with the index moving up 6% and 4% respectively in Mar-12 when compared to Feb-12 and by 10% and 19% when compared to the same time a year ago. On the contrary, Construction sector witnessed 7% dip in hiring levels in Mar-12 over Feb-12, but maintained steady hiring levels when we compare hiring levels with Mar-11.
Functional Area Analysis:
The demand for professionals in Sales and Business Development picked up by 3% in Mar-12 when compared to Feb-12. Professionals in Software services and BPO saw steady hiring levels, while the demand for professionals in HR, Accounts and production dipped within the range of 3% and 5% respectively in Mar- 12 over Feb-12.
City Wise Analysis:
Among the metros, Chennai maintained steady hiring levels, while Kolkata and Pune witnessed 9% and 5% upward movement in index in Mar-12 over Feb-12. On the other hand, Bengaluru, Mumbai, Delhi and Hyderabad saw dips within the range of 2% and 6% respectively in Mar-12 over Feb-12
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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