The JobSpeak Index from Naukri.com indicates a 3% increase in hiring in India, with Telecom leading the way with a 14% month on month increase in hiring. That said, hiring in telecom is still not at the level that we saw when Naukri began its Jobspeak Index in June 2008. On an index of 1000 (in June 2008), Telecom is currently at 605. This year, it has peaked at 760 in May, after a steep decline to 554 in June. Note that the Naukri JobSpeak index is based on job listings on Naukri.com, and is not indicative of actual hiring, but the intent to hire.
Even as we’ve seen reports of layoffs in media firms, hiring in media and entertainment is up 12.3%, at 922 on a base of 1000 (June 2008), as compared to 821 last month. Hiring in Media and Entertainment has been fluctuating: it was at 808 in June 2013, increased to 948 in July, and declined to 821 in August.
This might include the Internet industry, since, ironic as it is, the Naukri Jobspeak Index does not separately cover the Internet industry.
Hiring in advertising grew 0.89% to 1241 from 1230.
More in the press release from Naukri:
The Index has witnessed 9% increase in hiring in Sept’13 over Sept’12
– Delhi-NCR witnessed maximum hiring with 7% increase in Sept’13 over Aug’13 followed by Chennai & Hyderabad with slight increase in hiring of 2% to 3 % M-O-M.
– Auto and Telecom sector finally see some respite with hiring going up by 10% and 14% in Sept’13 over Aug’13.
– Professionals in Project Management, Production have seen the highest monthly increase in hiring numbers with the index going up by 12% and 11% respectively in Sept’13 compared Aug’13.
New Delhi, 8th October, 2013:
The Naukri Job Speak Index for the month of Sept’13 was at 1238, showing a 3% growth in hiring, when compared to Aug’13. The hiring activity has witnessed 9% increase when compared to the same period a year back. Most of the sectors have shown positive hiring in Sept’13 after showing a dip in the index last month. Auto and Telecom sectors have seen an impressive growth with hiring activity going up by 10 % and 14% in Sept’13 over the last month. Among the top metros Delhi-NCR has shown maximum hiring with 7% increase in Sept’13 when compared to Aug’13.
Mr. Ambarish Raghuvanshi, Group President Finance and CFO Info Edge (India) Ltd said “Amid the period of slowdown and the downward movement of the Indian Rupee, the job market has improved marginally. In the Sept’13 job index, the effect of the current situation of uncertainty and speculation is evident. No current trend is currently seen as a month of downward bias (August) is followed by a marginal increase. A three-month movement is likely to show clearer direction.”
Industry Sector Analysis:
A detailed analysis of the industry sector reveals that besides the Auto and Telecom sectors have seen the highest M-o-M growth. ITES, Construction and Banking are sectors witnessing growth in the range of 5-7% in Sept’13 compared to Aug’13. On a Y-o-Y analysis hiring in ITES sector has gone up by 42% over the same period last year.
Hiring in a few important sectors like Insurance, Pharma and Oil & Gas has gone down in Sept’13 when compared to Aug’13. These sectors have witnessed a dip in hiring by 12%, 6% and 3% respectively. But on a Y-o-Y comparison recruitment in Pharma sector has increased by 7% in Sept’13 over Sept’12.
Functional Area Analysis:
Demand for professionals working in most sectors has recovered in Sept’13 over Aug’13. Professionals in Project Management, Production and Engineering have seen the highest monthly increase in hiring numbers with the index going up by 12%, 11% and 9% respectively in Sept’13 compared to the previous month.
Hiring of professionals for BPO, HR, Accounts and Marketing also showed an increase with a growth of 3% to 8% in Sept’13 over the last month. Software Services has been stable in Sept’13 over Aug’13 while on a Y-o-Y comparison the sector has gone up by 11% in Sept’13 compared to Sept’12.
City Wise Analysis:
Delhi-NCR has witnessed the highest growth in the index with 7% increase in hiring in Sept’13 over Aug’13; the city has witnessed 19% increase in hiring compared to the same period a year back. Hiring in Chennai and Hyderabad has also slightly moved up by 2% to 3% in Sept’13, when compared to Aug’13.
Mumbai and Kolkata have been stable in Sept’13 when compared to Aug’13. The Naukri Job speak index for Mumbai has grown by 7% compared to Sept’12. Bangalore has seen a slight dip of 3% in Sept’13 when compared to Aug’13 while on an yearly basis the city is still showing a growth of 13% when compared to Sept’12. Hiring in Pune has gone down by 2% in Sept’13 over Aug’13.