January 18 2010
- Hiring activity in six out of seven cities saw an upward trend on a three month moving average index with Chennai being an exception
- The demand for professionals in Banking and Insurance sector continues to grow with the index for Dec’09 up by 4% over Nov’09
Naukri.com’s job index at 713 for Dec’09 indicates a downward lull in hiring activity owing to the end-of-the-year holiday season, while the three month average index reflects a more steady hiring scenario. On the total jobs (jobs added and jobs refreshed) the index on a three month moving average moved up by 0.5%. Oil and Gas, Pharma, Auto and Banking sectors have witnessed a steady hiring scenario on a three month moving average index.
Sumeet Singh, National Head- Marketing and Communications, Info Edge said, “The decline in hiring activity in December is due to the end-of-the-year holiday season and we have witnessed this in the past years as well. As employers continue to express confidence, and the business sentiment grows one expects to see many more opportunities in 2010.”
A sectoral analysis clearly shows that the hiring activity in the Pharma and Healthcare sector bounced back by 11.5% in Dec’09 over Nov’09 after a successive dip in the index for the past four months. In contrast, the demand for IT and ITES professionals saw a drop by 5% and 20% in Dec’09 over Nov’09 owing to the end of year holiday season overseas. Mumbai picked up on hiring activity in Dec’09 after two continuous months of dip in index of Oct’09 and Nov’09.
City wise Analysis: Mumbai witnessed an increase in new jobs in Dec’09 over Nov’09
Most cities saw a decline in jobs in Dec’09 due to the holiday season excepting Mumbai which saw a 3.2% increase in job index in Dec’09 over Nov’09. On the three month moving average index all cities showed a positive trend with the exception of Chennai which registered a dip of 2.4%.
Industry Analysis: Banking and Pharma sectors have been most bullish on hiring with growth of 9.6% and 11.5% in Dec’09 over Nov’09
The BPO and IT sector has seen a decline in hiring activity by 18% and 6% respectively in Dec’09 over Nov’ 09 owing to the holiday season overseas .The Oil and Gas sector reflects a steady hiring activity in Dec’09 over Nov’09 while the three month moving average index moved up by 4%.The Auto sector also indicates stability on a three month moving average index.
Functional Area / Department Analysis: Banking and insurance sector professionals saw an increase in hiring activity by 4% in Dec’09 over Nov’09
Banking professionals saw an upward movement in the index by 4% in Dec’09 over Nov’09. Although hiring activity for IT and Sales and Business development professionals has contracted by 5% and 3.8% in Dec’09 over Nov’09, the three month moving average index indicates greater stability.
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 and experience buckets. 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. There might be high volatility in the case of smaller cities, niche industries and functional areas owing to a relatively small database. 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 continued growth. Info Edge completed a successful IPO in November 2006 and remains the only listed Internet Company in India.
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 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 1400 people operating through 54 offices in 37 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
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