September 16 2009
The three month moving average index indicates a positive trend, inching up by 1.7%
Naukri JobSpeak – August - 09
- Job Index at 701, is 3.6% down in August ‘09 over July ‘09
- Hiring activity remained stable in Mumbai and Bangalore. Delhi, Chennai, Hyderabad and Pune saw a dip
- August saw a positive movement in Banking and Insurance industries. Also, hiring activity in the Education sector continued to soar
- IT Industry saw a marginal decline in hiring activity
According to Naukri JobSpeak, the job index declined by 3.6% in August ’09 as compared to July ‘09. On the three month moving average, the index inched up from 703 in July ‘09 to 715 in August ‘09.
August saw varied trends across cities. Hiring activity moved up in 4 of the 13 cities tracked. Barring Banking and Insurance, there was a secular downward trend in hiring activity across industries and experience levels
“Hiring activity is steadily picking up across sectors including Insurance, Banking and IT among others. However, the market seems to be testing waters before consolidating its stance on hiring,” said Sumeet Singh, National Head – Marketing and Communications, Info Edge.
City wise Analysis: Bangalore and Mumbai saw stability in hiring activity
Out of the top 13 cities, 4 cities including Bangalore and Ahmedabad saw a slight improvement in the index in August ’09 as compared to July’09. Delhi-NCR saw hiring activity slackening, the index declined by 4% in August ’09 as compared to July ’09. Bangalore saw marginal increase in hiring, the index moved up from 595 to 599 in August ’09. Hiring activity in Mumbai and Kolkata remained stable, with the index declining by less than a percent. Chennai, Hyderabad, Pune saw a drop in hiring, the index declined by 6%, 7% and 5% respectively.
As per the three month moving average, among the top 7 cities, Delhi –NCR seems to have recovered the most with its three month moving average picking up since May ’09.
Industry Analysis: Insurance, Banking and Financial Services saw a substantial increase in hiring
Hiring activity witnessed a downtrend across industries in August ‘09 as compared to July ‘09. Banking & Financial Services and Insurance saw an increase in the index by 11% and 23% respectively. Hiring in Education industry increased, index went up by 9%. IT industry saw a step-down in hiring, with index declining by 3% in IT-Software, 6% in IT-Hardware & Networking and 7% in ITeS and BPO. Construction and Engineering saw a drop in hiring activity, the index declined by 7%. Hiring activity in Telecom saw a dip of 7% in August ‘09 as compared to July ‘09.
Indicators reveal signs of recovery in Banking and Financial Services with its three month moving average moving to its all time high since Dec ’08. IT continued to pick up, however, on a slackened pace.
Functional Area / Department
While hiring wilted across most functional areas with the exception of Banking professionals, Sales and Business development was least affected and declined marginally. Demand declined in IT – Software and ITeS & BPO department by 6% and 7% respectively. Sales and Business Development professionals saw hiring activity decline by 1%. Demand for Accountants and Finance professionals dipped by 5%, while it went up by 6% for Banking and Insurance professionals
Index of Total Jobs
On Total Jobs (this includes refreshed jobs), the index moved down by 6.1% from 802 in July ‘09 to 753 in August ‘09. According to the Total Jobs Index, the index peaked in Sep’08 at 1004 and bottomed in Dec’08 at 739.
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 2008. 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 used Naukri.com in 2008-2009, 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 and remains to be the only listed Internet Company 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 1500 people operating through 54 offices in 37 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
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