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Follow UsNEW DELHI, INDIA: In a recent survey announced by Naukri JobSpeak indicates a fall of 4.7 percent as compared to 711 in Mar'09. The first month of the new financial year witnessed continued downward trend, though, the fall in the index was not as sharp as in the previous month.
On the report, Hitesh Oberoi, COO and director, Info Edge (India) Ltd said, "In the past we have always seen a slight slowdown in hiring in the months of April/ May when companies get busy with planning for the year."
City indices indicated a fall in hiring activity across most locations including Mumbai, Chennai, Pune, Ahmedabad, Kolkata. Delhi - NCR was stable while Hyderabad saw an upward movement in hiring activity.
Most of the industries saw a mild drop. Banking and Financial services saw an improvement in hiring activity, the survey report added.
City wise Analysis:
Mild drop in hiring activity across most cities. Hyderabad picks up after a long slump.
Of the top 13 cities, 11 cities recorded a fall in the hiring activity. Ahmedabad saw a steep fall by 11 percent, while most other cities saw a drop of 5-6 percent in hiring activity in Apr'09 as compared to Mar'09. Mumbai (including suburbs and Thane), was down by 6 percent in Apr'09 as compared to Mar'09, touching its lowest since Jul'08. Delhi - NCR remained stable at the Mar'09 level.
Industry Analysis:
Hiring activity in BPO and ITeS dropped by 22 percent
Most of the industries saw a marginal drop in hiring activity when compared to Mar'09. IT, Construction and Engineering, Auto and Auto ancillaries moved down marginally by 2 percent. BPO & ITeS were severely affected and saw a sharp drop of 22 percent. Insurance saw a dip for the second consecutive month, hiring activity in the industry saw a dip of 11 percent, as compared to Mar'09. Banking and Financial Services saw an improvement in hiring activity by 4 percent.
Functional Area / Department Analysis:
Demand for ITeS and BPO professionals was severely affected in April, and saw a decline in hiring activity by 22 percent. Sales and Business Development professionals saw a drop in hiring activity by 8 percent. IT - Software saw a marginal drop of 1 percent while IT- Hardware and Telecom saw a drop of 9 percent in the hiring activity. Banking and Finance professionals saw a improvement in the hiring activity, the index moved up from 514 in Apr'09 to 535 in Mar'09.
Index of Total Jobs
On Total Jobs(this includes refreshed jobs), the index moved down by 5.9 percent from 815 in Mar'09 to 767 in Apr'09. The movement has been sharper as compared to New Jobs.