October 10 2012
Monthly Update of Naukri JobSpeak – September-12
- The Naukri JobSpeak index at 1131, is 1.2% lower in Sep ‘12 when
compared to Aug-12
- Among top sectors, Construction is only sector to witness double digit
growth(11%) in hiring activity in Sep-12
- All the top 5 metros witnessed dips in hiring levels indicating caution in
the business and recruiting environment
September witnessed a mixed hiring sentiment across India Inc. Some sectors like
Construction, Insurance and Auto witnessed stable hiring levels, while sectors like IT, BPO and Banking have seen a drop in hiring levels in Sep-12 when compared to Aug-12. On an overall level, the job speak index has been dipping consecutively for the last three months. Hiring levels for Sep-12 are 6% lower than what it was three months ago
“The job market has considerably slowed down over the last six months and key sectors are adopting a cautious hiring approach. The job market will hopefully start looking up once the GDP growth picks up momentum” said Hitesh Oberoi, Managing Director and CEO, Info Edge India
Industry Sector Analysis:
In Sep-12 hiring activity did not see much action for key sectors like Auto, Pharma, Oil & Gas Telecom, and Hospitality, indicating that recruiters are adopting a wait and watch mode. Although Construction sector is one of worst affected sectors and has been consecutively witnessing low hiring numbers for the past one year, the recruitment trends for Sep-12 show hiring activity pick up by 11% when compared to August. IT and BPO companies have also seen lower hiring numbers with the index going down by 3% and 4% respectively in Sep-12 over Aug-12.
Functional Area Analysis:
Mirroring hiring trends of IT and BPO sector, the demand for professionals working in these sectors saw hiring levels dip by 4% respectively in Sep-12 over Aug-12. Production and Accounts sector professionals saw a marginal 2% increase in their hiring numbers, while HR and Banking professionals saw no movement in the recruitment front over the last one year.
City Wise Analysis:
All the top cities have seen lower hiring numbers over the last one month,
barring Hyderabad and Pune which saw stable hiring levels. Mumbai, Bengaluru and
Chennai saw hiring activity dip by 5% respectively in Sep-12 when compared to
Aug-12. Delhi saw a marginal 1% dip in hiring in Sep-12 when compared to Aug-12,
while Kolkata saw a 17% dip, after three months of consecutive upward movement
in the index.
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 was the first internet Company to list in India. The site enjoys a traffic share of around 61% as per the May 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. The site has a database of over 29 million resumes and has serviced over 46000 clients in FY-2012. The company has over 2000 people operating through 48 offices in 31 cities in India and overseas offices in Dubai, Abu Dhabi, Riyadh and Bahrain.
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