Hiring marginally up one percent in Nov’13 over Oct’13, says Naukri

NEW DELHI, INDIA: The Naukri Job Speak Index for the month of November 2013 was at 1,300 showing a one percent growth in hiring, when compared to October'13. Annual comparison shows that hiring activity has witnessed a 16 percent increase in Nov'13 as compared to Nov'12.

Industry wise hiring sentiment was positive but weak in Nov'13 except in IT-Software which has seen an upward trend with the index moving up by ten percent in Nov'13 when compared to Oct'13. Sectors like insurance and telecom saw double digit decline with the index moving down by 29 percent and 17 percent respectively in the same period.

Among the top metros, Kolkata has shown the maximum increase in hiring with the index moving up by 14 percent in Nov'13 when compared to Oct'13.

Ambarish Raghuvanshi, group president of finance and CFO, Info Edge, India, said: "Despite global uncertainties, the hiring outlook for the country in 2014 remains positive. The Naukri Job Speak Index has moved up in the past two months which presages better hiring outlook in 2014.

"Global companies are now looking at India as a core growth market since India has morphed into the talent powerhouse with the emergence of new technologies and business models. We are bullish on hiring in India next year."

Industry sector analysis:

An in depth analysis reveals that amid industries, IT-Software continues to experience growth with the Naukri Job Speak Index moving up by 10 percent M-O-M. Oil & Gas and Banking are also seeing positive growth with the index up by six percent and four percent respectively.

In terms of downward trends, sectors like BPO and Auto are facing a dip with the index moving down by 17 percent and nine percent M-O-M.

Annual comparison shows that IT Software has continued to grow with the Naukri Job Speak index moving up 37 percent Y-O-Y.

Functional area analysis:

The demand for professionals working in IT Software continues to grow with the index moving up by eight percent in Nov'13 as compared to Oct'13. Apart from that, professionals working in areas of Project Management and Engineering Design are also witnessing an increase in demand with the index moving up by six percent and five percent respectively.

Annual comparison shows that IT Software has maintained its growth curve with the index moving up by 34 percent Y-on-Y.

In terms of declines, professionals in ITES/BPO area have seen a decline with the Naukri Job Speak Index moving down by 17 percent M-O-M.

City wise analysis:

Among all metros, Bangalore and Chennai have seen modest growth with the index moving up by seven percent and two percent respectively. In terms of decrease, Delhi-NCR and Mumbai have observed a decline of two percent M-O-M each.

Annual comparison shows Delhi saw an increase with the index moving up by 25 percent in Nov'13 as compared to Nov'12.