Press Release

Reversing the continuous sluggish trend, hiring activity for Oct-12 is 3% more than Sep-12- NaukriJobSpeak

November 7 2012

Among top sectors, Banking and BPO witnessed double digit growth (15% and 11%) in hiring activity in Oct-12 over Sep-12

Monthly Update of Naukri JobSpeak – October -12

  • After three months of consecutive dip in recruitment levels, the Naukri Job Speak index for Oct-12 at 1162 is 3% more than Sep-12
  • Mumbai and Bengaluru witnessed 5% and 3% increase in hiring activity in Oct-12 when compared to last month

After three months of consecutive dip in hiring activity, the job speak index of October-12 shows a streak of optimism. Hiring activity for October 12 is 3% higher than what it was last month. However, this does not mean revival in India Inc’s employment scenario, but does indicate slight improvements in sectoral hiring activity. Almost all the top industry sectors saw positive movements in their hiring levels in Oct-12 when compared to Sep-12.

Commenting on the trend Hitesh Oberoi, CEO, InfoEdge India says “Most employers are cautiously optimistic about their hiring plans. Most recruiters will continue with selective hiring for the next few months.”

Industry Sector Analysis:
An in-depth analysis of the indices shows that Banking and BPO sectors have seen maximum movement in their hiring activity with the job speak index moving up by 15% and 11% respectively in Oct-12 when compared to Sep-12. Both, Auto and Telecom sector saw hiring activity pick up by 6% respectively during the same time period. However, not much action was witnessed in IT- Software, Construction and Insurance sector as the hiring levels for these sectors remained steady in Oct-12 when compared to Sep-12.

Functional Area Analysis:
Mirroring hiring trends of ITES sector, the demand for professionals working in the sector moved up by 15% respectively in Oct-12 over Sep-12. The demand for professionals in project management and marketing moved up 12% and 8% respectively during the same time period. Professionals in Accounts, HR and Sales witnessed increase in their hiring levels within the range of 2% and 5% respectively in Oct-12 over Sep-12.

City Wise Analysis:
Among the top metros, Mumbai and Bengaluru saw hiring levels pick up by 5% and 3% respectively in Oct-12 over Sep-12.Delhi, Chennai and Pune witnessed stable hiring levels, while both Kolkata and Hyderabad saw hiring levels dip by 8% respectively in Oct-12 when compared same time a month ago.

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 Sept 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.