June 17 2009
Monthly Update of Naukri JobSpeak – May'09
- The overall Job Index declined by 1.9% from 677 in Apr'09 to 664 in May'09
- Telecom and Pharma saw a drop by 12% and 14% in hiring activity in May'09 as compared to Apr'09
- FMCG, Foods and Beverage up by 9%, in May'09 as compared to Apr'09.
The Naukri JobSpeak index at 664, indicates a fall of 1.9% as compared to 677 in Apr'09. Although the overall index is comparatively stable, at a micro level, there was a volatile movement in Telecom and Pharma, witnessing a fall in hiring activity by 12-14%
"Apart from IT, Banking, Real Estate and Retail, the other industries seemed to have bottomed out and we expect a recovery in the coming months," said Hitesh Oberoi, COO and Director, Info Edge.
Out of the top 13 cities, 9 cities recorded a fall in hiring activity including Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Ahmedabad and Chandigarh. FMCG, Foods and Beverage were up by 9%, in May'09 as compared to Apr'09, inching closer to July levels.
A trend analysis based on three month moving averages of indices from Sep'08 to May'09 of industries reveals the following:
City wise Analysis: Kolkata saw an increase in hiring activity by 14% in May'09 as compared to Apr'09
Out of the top 13 cities, 9 cities recorded a fall in hiring activity. Chandigarh and Ahmedabad recorded a steep fall of 20% and 11% respectively in May'09 as compared to Apr'09. Bangalore slipped further from 618 in Apr'09 to 562 in May'09, a fall of 9%. Chennai saw a fall by 6% in May'09 as compared to Apr'09. Hiring activity in Mumbai has been marginally down each month since December, and seems to be stagnating, showing a marginal fall of 1% in May'09 as compared to Apr'09. Delhi – NCR saw a drop of 4% in hiring activity, the index went down from 743 in Apr'09 to 712 in May'09.
Kolkata saw an increase in hiring activity by 14% in May'09 as compared to Apr'09.
Industry Analysis: Telecom and Pharma down by 12% and 14% respectively
Hiring activity in Telecom was down by 12%, in May'09 as compared to Apr'09 with the index at 728 in May'09. Hiring activity in Pharma and Biotech was down by 14% in May'09 as compared to Apr'09. Oil and Gas saw a drop in hiring activity by 8% in May'09 as compared to Apr'09. Banking and Financial Services were up by 7% in May'09 as compared to Apr'09. Hiring activity in IT-Software was down by 6% and in IT-Hardware &Networking by 14% in May'09 as compared to Apr'09.
Among industries seeing a upward trend, FMCG, Foods and Beverage were up by 9%, in May'09 as compared to Apr'09. Despite a negative trend on Overall jobs, Banking and insurance have witnessed an upward movement in the past two months and were up by 7% in May'09 as compared to Apr'09
Functional Area / Department Analysis: Hiring for Banking and Insurance professionals went up by 17%.
Hiring for Pharma and Biotech professionals was down by 27% in May'09 as compared to Apr'09On a continued downward trend, Hiring activity in IT- Software was down by 7%, Engineering and Design was down by 13% in May'09 as compared to Apr'09. Hiring for Accounts and Finance professionals was down while hiring for Banking and Insurance professionals went up by 17% during the same period.
Hiring for ITes and BPO professionals inched up by 2% in May'09 as compared to Apr'09, after a heavy fall in the previous month. Hiring for Sales and Business Development professionals remained stable, while hiring for Production and Maintenance professionals saw an upward movement by 4% in May'09 as compared to Apr'09. Hiring for Supply Chain professionals went up by 10% in May'09 as compared to Apr'09.
Index of Total Jobs
On Total Jobs(this includes refreshed jobs), the index moved down by 2.8% from 767 in Apr'09 to 745 in May'09. The movement was sharper as compared to New Jobs. According to Total Jobs Index, the index peaked in Sep'08 at 1004 and bottomed in Dec'08 at 739, so far.
Methodology
The index has been calculated based on job listings added to the site month on month. July 2008 has been taken as the base month with a score of 1000 and the subsequent monthly index is compared with data for July. Data has been sourced from Naukri.com and it reflects job listings and therefore hiring trends on the site. Jobs have been categorized by location, functional area, industry, experience bucket. The index has been analyzed across Cities/ Functional Area - Deptt / Industry verticals. The report (produced monthly) shows hiring trends across industry sectors, geography and functional areas. More than 34000 national and international clients use Naukri.com, leading to high reliability of data.
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 exponential growth year after year. Info Edge completed a successful IPO in November 2006 and became the first internet company to list in India.
Naukri.com is a recruitment platform that provides hiring-related services to the corporate/ 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 branding solutions on the site. With 2,00,000 jobs live at any point, Naukri.com serviced over 34000 corporate clients in 2008-2009.
The company has over 1600 people operating through 60 offices in 40 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
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