June 7 2011
- The service sector witnessed an uptrend in the hiring activity, with the job indices for Telecom and Banking sectors moving up by 24% and 13% respectively in May-11 over Apr-11
- A year on year comparison of the job index shows that the hiring activity in all key metros has witnessed double digit percentage growths
The month of May-11 has seen recruitment activity move at a steady pace with the Naukri Job Speak index uptick by 2% in May-11 over Apr-11. When we compare the index with same time a year ago then it clearly shows that the job market is upbeat as the May-11 index is 19% above the May-10 index. Thus the overall hiring sentiment continues to remain healthy and the gains have touched almost every sector of the economy.
Hitesh Oberoi, CEO and MD, Info Edge India said “The first half of 2011 has been very encouraging as the job scenario has been upbeat across sectors. However with the improving job market and healthy appraisals, the key challenge now is to retain proven employees.”
Industry Sector Analysis:
An in-depth analysis of the indices shows that the first four months of 2011 have clocked impressive growth figures for almost all key industry sectors. The services sector in particular displayed strong hiring trends in May-11 with sectors like Telecom, Insurance and Banking witnessing their job speak index move up by 24%, 21% and 13% in May-11 over Apr-11. While IT- Software, ITES and Pharma sectors maintained steady hiring levels, Capital Goods and Construction sectors saw a 4% dip in their hiring activity respectively in May-11 when compared to Apr-11.
Functional Area Analysis:
The hottest skill sets for the month of May-11 were professionals in Banking and Marketing as their index moved up by 18% and 11% in May-11 over Apr-11. The demand for professionals in IT- Software, Accounts and ITES moved up by 4% respectively in May-11 as compared to a month ago. Although the hiring activity for professionals in Sales and Business Development and Production dipped by 4% and 2% in May-11 over Apr-11, the three month moving average indices suggest more stability.
City Wise Analysis:
Barring Mumbai which maintained steady hiring levels, all other top cities have witnessed significant growth in their hiring activity in May-11 over Apr-11. Hiring activity for Kolkata, Bangalore and Delhi moved up by 14%, 9% and 7% respectively in May-11 as compared to Apr-11. The job index for Pune and Chennai moved up by 6% respectively and for Hyderabad the index moved up by 5% in May-11 as compared to the previous month.
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 was the first internet Company to list 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 230000 jobs live at any point, Naukri.com serviced over 42000 corporate clients in 2010-2011.
The company has over 1700 people operating through 53 offices in 34 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
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