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Hiring activity sees stability in May '14 over April'14: Naukri

ITES sector saw the index moving up by 15% M-O-M. Among the top metros, Hyderabad also saw growth with the index moving up by 8% in May14 over April14

June 11, 2014 12:52 IST | India Infoline News Service
The Naukri Job Speak Index for the month of May 2014 was at 1600 indicating a stable hiring scenario when compared to April 2014. Yearly comparison shows a 14 % increase in hiring activity when compared to May’13. Industry wise hiring sentiment was muted across all the major sectors except ITES and IT sector. ITES sector saw the index moving up by 15% M-O-M. Among the top metros, Hyderabad also saw growth with the index moving up by 8% in May’14 over April’14.

Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd said “Hiring activity is seeing a period of stability. Since the elections are now over and we have a stable government at the center, we expect companies to start recruiting in the coming months”. 
 

Industry Sector Analysis:
An in depth analysis reveals that the  apart from  the ITES sector , IT and Oil & Gas  have done well with the index moving up by 10% and 3% in May’14 over April’14. 

The Insurance sector has witnessed the maximum decline with the index moving down by 30% M-O-M. It was followed by Pharma and Telecom sector which saw a downward spiral with the index moving down by 8% each respectively in May’14 over April’14.  Other sectors like BFSI have seen a decline of 5% while Auto and Construction & Engineering has seen a dip of 3% in the same period. 


Functional Area Analysis:
The demand for professionals working in BPO and IT saw the maximum growth with the Naukri Job Speak Index moving up by 11% and 10 % in May’14 over April’14.

Professionals working in Banking& Insurance have seen maximum decline with the Naukri Job Speak Index moving down by 27% while Marketing & Advertising has seen a dip of 17% in the same period. Professionals seeking employment in Project Management and Production management have seen a negative inflection with the Naukri Job Speak Index moving down by 10% and 7% respectively in May’14 over April’14. 


City Wise Analysis:
Amongst cities Southern region has seen maximum improvement with Chennai and Hyderabad seeing highest and second highest growth in the Naukri Job Speak Index in May’14 over April’14.  Bangalore has also seen growth with the index moving up by 5% M-O-M in May’14.

In Western region, Mumbai has seen a growth of 2% and Pune has seen stability in hiring.  Northern and Eastern region has seen dip with Delhi-NCR region and Kolkata seeing a decline of 21% and 19% each respectively in May’14 over April’14.

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