October 11 2011
- Delhi, Bangalore and Chennai saw a dip in their indices within the range of 2% and 6% in Sep-11 when compared to Aug-11
- On a monthly level, hiring activity for the ITES and Telecom sectors dipped by 10% respectively in Sep-11 over Aug-11
- Hiring activity for both 8-12 years and 13-16 years experience brackets moved up by 2% respectively during the month
The grim global macro economy is yet to see any significant effect on the overall recruitment scenario in India, but some sectors like ITES and Banking have started witnessing dip in the index thus indicating caution in the environment. The Naukri Job Speak index for Sep-11 shows steady hiring trends with the job index moving up marginally by 0.6% from 1087 in Aug-11 to 1094 in Sep-11. However, a yearly comparison shows that the index moved up 16% in Sep-11 when compared to the same time last year.
Hitesh Oberoi, CEO and MD, Info Edge said “Corporate India is likely to see a deceleration in hiring activity in the coming months as both employers and employees adopt a "wait and watch" approach amid global economic slowdown and volatile markets.”
Industry Sector Analysis:
Telecom, Insurance and BPO sectors saw dips in their monthly hiring activity. The index for Telecom and BPO sectors dipped by 9% respectively in Sep-11 when compared to Aug-11, while hiring activity in the Insurance sector saw 11% dip during the same period. IT- Software, Banking and Oil and Gas sectors witnessed marginal 3% dips in their monthly hiring activity. The three month moving average index also show a dip in hiring activity for IT, ITES and Banking sectors. However, yearly comparison shows positive growth figures for all sectors barring ITES and Telecom.
Functional Area Analysis:
A month on month analysis of key functional areas shows that the demand for professionals in Production, Marketing and Project Management moved up by 8%, 6% and 3% respectively in Sep-11 over Aug-11. Mirroring the monthly hiring trends of the IT- Software and ITES sector, Software and BPO professionals saw their hiring activity dip by 3% and 11% respectively during the same time period. The demand for Sales and HR professionals remained steady in Sep-11 when compared to Aug-11.
City Wise Analysis:
Among the top metros of the country Delhi, Chennai and Bangalore witnessed dips in hiring activity by 6%, 4% and 2% respectively in Sep-11 when compared to Aug-11. Mumbai and Kolkata saw steady hiring levels, while Hyderabad and Pune witnessed 5% and 3% upward movement in hiring activity.
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 be listed in India. The site enjoys a traffic share of around 61% as per the August Comscore data. 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 26 million CV’s, 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, Abu Dhabi and Bahrain.
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