Job market continues to improve steadily: Naukri Job Speak Index

India Infoline News Service | Mumbai |

Among the top metros, Pune also saw a growth with the Naukri Job Speak Index moving up by 9% in March’14 over Feb’14.

The Naukri Job Speak Index for the month of March 2014 was at 1475 showing stability in hiring activity when compared to February 2014. Yearly comparison shows a 12 % increase in hiring activity when compared to March’13. Industry wise sentiment was muted across all sectors except Pharma which saw a growth with the index moving up by 8% M-O-M. Among the top metros, Pune also saw a growth with the Naukri Job Speak Index moving up by 9% in March’14 over Feb’14.


Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd said “The job market continues to improve steadily. Hiring activity is beginning to look up beyond sectors like IT. However for hiring to pick up substantially we will have to wait for uncertainty around the elections to clear a bit”.

 

Industry Sector Analysis:

  • The Naukri Job Speak Index for IT sector grew by 4% in March’14 over Feb’14.
  • Banking& Finance sector saw a decline with the index moving down by 30% in March’14 over Feb’14
  • Insurance sector saw a dip with the index moving down by 16% in March’14 over Feb’14. 
  • Media& Entertainment saw a decline with the index moving down by 14% in March’14 over Feb’14. 
  • Capital Goods sector saw a downward spiral with the index moving down by 11% in March’14 over Feb’14. 

Functional Area Analysis:

  • Professionals working in Production& Maintenance saw maximum increase with the index moving up by 8% in March’14 as compared to Feb’14. 
  • Project Management and Marketing& Advertising also saw a growth with the index moving up by 7% each respectively in March’14 over Feb’14.
  • Professionals working in Banking & Insurance have witnessed a decline with the index moving down by 10% in March’14 over Feb’14
  • Professionals working in Sales and Development witnessed a decline with the index moving down by 5 % in March’14 over Feb’14

City Wise Analysis:

  • Pune has experienced an increase in hiring with the Naukri Job Speak Index moving up by 9 % in March’14 over Feb’14
  • Hyderabad has a experienced an increase with the Naukri Job Speak Index moving up by 7 % respectively in March’14 over Feb’14.
  • Bangalore has seen a growth with the index moving up by 5% in March’14 over Feb’14
  • Chennai has seen no growth with the index seeing no change in March’14 over Feb’14.
  • Mumbai and Delhi have seen a decline in hiring in the previous month. The Naukri Job Speak Index has seen a dip of 1% and 2% each in March’14 as compared to Feb’14.
 

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