November 9 2010
- On an overall level, the index indicates steady hiring levels for the fifth month consecutively with the Oct-10 index inching up by 6 points over Sep-10
- The Auto sector witnessed a 60% increase in the index on a year on year comparison
- Pune, saw strong hiring trends in Oct-10 with the index at 1236 being at its highest ever
At a time when India aims to achieve double digit economic growth, employment assumes crucial importance. The Naukri Job Speak index for Oct-10 saw 27% growth on a year on year basis though was just 1% higher in comparison to Sept-10 thus indicating a steady hiring scenario.
Hitesh Oberoi, CEO and MD, Info Edge India said “A look at the index for the past two years shows that there is usually a seasonal dip in hiring during the festive season. However, this year the sentiment is encouraging as sectors like Auto, Oil and Gas, ITES and Manufacturing continue to hire aggressively.”
Industry Sector Analysis:
An in-depth analysis shows that the index for the Auto sector stands at 917 in Oct-10 which is the highest index for the sector since Oct-08. The Oil and Gas sector also clocked impressive growth figures of 12% in Oct-10 as compared to same time a month ago. Most of the other industry sectors like ITES, IT- Hardware, Manufacturing and Construction continue to maintain steady hiring levels. Telecom, IT- Software and Banking saw marginal declines of 6%, 4% and 2% in Oct-10 as compared to Sept-10. This dip is seasonal in nature and can be attributed to the ongoing festive season.
Functional Area Analysis:
The hottest skill sets for the month of Oct-10 were Banking, Production and Accounts where the index moved up by 11%, 8% and 5% respectively in Oct-10 as compared to Sep-10. All other key functional areas like HR, Marketing, Project Management and Advertising clocked growth figures within the range of 2% and 4% with the exception of professionals in Software Development wherein the demand dipped by 2% in Oct-10 over Sep-10.
City Wise Analysis:
Pune was at its highest ever in Oct-10 and saw growths of 83% on year on year comparison. Mumbai and Hyderabad show positive hiring trends of 1% and 3% in Oct-10 over Sep-10 while Bangalore, Chennai and Delhi witnessed 4%, 5% and 4.5% dip in the index when compared to the previous month.
Overall, the index seems to be moving at a steady pace indicating a positive hiring sentiment across most markets and industry sectors for the coming months.
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 is the first internet Company to be listed 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 recruiter branding solutions on the site. With 200000 jobs live at any point, Naukri.com serviced over 35500 corporate clients in 2009-2010.
The company has over 1700 people operating through 49 offices in 32 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
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