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Hiring activity sees growth of 7% in April’14 over March’14: Naukri Job Speak Index

Amongst metros, Delhi-NCR region witnessed the maximum improvement in hiring with the index moving up by 11% in April’14 over March’14. Insurance sector saw the maximum growth with the index moving up by 24% in April’14 over March’14.

May 14, 2014 8:58 IST | India Infoline News Service
The Naukri Job Speak Index for the month of April 2014 was at 1589 showing a 7% increase in hiring activity when compared to March 2014.Yearly comparison shows a 14 % increase in hiring activity when compared to April13. Industry wise hiring sentiment was buoyant across all the major sectors. Telecom sector saw the index moving up by 19% M-O-M. Among the top metros, Mumbai also saw growth with the index moving up by 10% in April14 over March14.

Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd said The job market continues to get better every month. Post elections the recovery could become more broad based if we get a stable government

Industry Sector Analysis:
An in depth analysis reveals that the BPO and Pharma sector have done well with the index moving up by 14% and 11% in April14 over March14. Banking& Financial sector and Auto have registered a spike with the index moving up 4% and 6% M-O-M respectively in the same period. Sectors like Construction & Engineering and IT have seen growth with index going up by 4% and 3% M-O-M respectively.

In terms of decline, Oil & Gas is the only sector which has seen a downward trajectory with the Naukri Job Speak Index going down by 7% in April14 over March14.

Functional Area Analysis:
The demand for professionals working in Banking & Insurance sector saw the maximum growth with the Naukri Job Speak Index moving up by 16% in April14 over March14. Professionals employed in BPO and HR/administration also saw growth with the index moving up by 14% and 12% M-O-M each respectively. Sales and Marketing professionals also saw a spurt with the Naukri Job Speak Index moving up by 9% and 8% M-O-M respectively.

Professionals working in Project management and Maintenance saw a dip with the index moving down by 5% and 4% M-O-M each respectively.

City Wise Analysis:
Amongst cities, Delhi and Mumbai have taken the lead in April 14 with highest and second highest growth in Naukri Job Speak Index. Pune has seen growth with the Naukri Job Speak Index moving up by 8% in April14 over March14. Hyderabad and Kolkata have seen a slight growth with the Naukri Job Speak Index moving up by 3 % each M-O-M.

Cities like Bangalore and Chennai have seen no change in hiring in April14 with the Naukri Job Speak Index showing no change in the previous month.

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