According to Naukri.com‘s Job Speak Index, which is an indicator of job listings on its portal, the hiring activity in the Media sector (which includes Internet and Mobile sectors, according to the companys classification) sector has declined by 3% in May 2012, when compared to last month i.e. April 2012. The company attributed this decline to uncertain economic conditions and low GDP growth.
The Naukri Job Speak index for the sector stood at 861 for May 2012, 3% decline from 884 last month and 16% decline from May 2011. Last month, the index had marginally increased to 884 from March 2012’s figures of 883. Note that the index uses the total number of jobs in July 2008 as a base (of 1000). The company added that year-on-year decline was significantly higher in May 2012 because there was an abnormal surge in hiring activity for the sector in the same month last year i.e. May 2o11.
The overall Job Index however was quite stable with the hiring activity in May 2012 being 10% higher, compared to May 2011. The job index touched 1194, a marginal increase from 1193 last month.
Sectors: Auto, Oil & Gas and Banking sectors are witnessing positive hiring activity with the index increasing by 8%, 6% and 3% respectively in May 2012 over Apr 2012 while the Software services and Pharma sector are witnessing stable hiring activity. On the flipside, Construction, BPO and Telecom sectors have been witnessing dip in its hiring activities with the indices for these sectors dipping by 7%, 4% and 9% in May 2012 as compared to April 2012.
City Wise: Chennai and Mumbai registered growth in hiring activity with the indices growing by 9% and 3% respectively while all other cities like Bengaluru, Hyderabad, Delhi-NCR among other registering a dip of around 2-4% in May 2012 as compared to the previous month. Tier-2 cities also registered minor dips in hiring activity during May 2012.
Experience: Hiring activity in professionals across experience brackets like 0-3 years, 4-7 years, 13-16 years and 16+ years increased by 2-4% while the hiring activity in 8-12 years experience levels remained steady.