June 12 2013
4% dip witnessed in hiring in May when compared to Apr'13
- Delhi-NCR, Kolkata, Bangalore & Hyderabad witness a hiring increase of 12% in May'13 as compared to May'12.
- ITES, Banking, Pharma and Healthcare see an increase in hiring over 22% in May'13 over May'12.
The Naukri Job speak index at 1317 in May'13 is up 10.3% u when compared to May'12 at 1194, however the index is 4% down in May 13' is comparison to April 13'. Among the metros, most of the cities have seen a similar trend barring Pune, Mumbai and Chennai. While Delhi-NCR has seen an impressive 26% increase in hiring, Mumbai has declined by 10% in May'13 over May'12. Among the top 10 sectors, sectors like Pharma, IT, ITES have seen an increase by 25%, 8% and 56% in May13 while a few other sectors like Auto, Insurance, Oil & Gas have seen a dip over the same period.
Mr. Ambarish Raghuvanshi, CFO Info Edge (India) Ltd said "A holistic view over the year shows us that jobs continue to be created as there is a 10% upswing in hiring y-o-y. Overall it is a positive sign however, employers seem to be following a cautious approach now and are keeping a close watch on the macroeconomic environment. Given the weak economic environment in 2012-13, any job creation is a positive sign. From this point onwards, job creation will track macro-economic indicators."
Industry Sector Analysis:
ITES and healthcare have emerged as strong sectors registering a growth of 56% and 47% in May'13 in comparison to May'12. IT, Banking and financial services, Real Estate and Pharma have also seen an increase in hiring numbers over the year by 7%, 23%, 42% and 25% respectively.
Oil & gas suffered the highest dip of 21% on a year on year comparison. Auto and Insurance sectors are showing similar trends and have recorded a dip of 11% and 8% respectively in May-13 over May'12.
Functional Area Analysis:
Hiring of ITES professionals saw the maximum increase with a 63% rise in their Job index value in May 13 over May12'. Sales and business development saw 24% more hiring this month in comparison to May'12. There was an increase in hiring of Pharma professionals by 38% in May 13 over May 12'.
City Wise Analysis:
Metro cities like Delhi-NCR, Bangalore, Kolkata & Hyderabad have seen an upswing in hiring over the year. Delhi-NCR has emerged as the strongest city with a 26% rise in hiring in May'13 in comparison to May'12. Bangalore, Hyderabad and Kolkata also saw an increase in hiring activity in the range of 11-12%. Mumbai, Chennai and Pune, however witnessed a decline in hiring in the range of 3%, 4% and 6% in May 13 over May 12'.
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 Tools. With 230000 jobs live at any point 33 million CV's, Naukri.com serviced over 48000 corporate clients in 2012-2013. The company has over 2500 people operating through 57 offices in 36 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.
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