According to Naukri.com’s Job Speak Index, an indicator of job listings on the portal, hiring activity in the Telecom sector had declined by 12% year-on-year (YoY) in December 2014. Overall the hiring activity in December 2014 had grown by 10% YoY.
On a month-on-month (MoM) basis, the Job Speak Index for the telecom sector decreased from 862 to 691 in December, while overall hiring was down from 1471 to 1425 in the same period. Note that the index which used to use the total number of jobs in July 2008 as a base (of 1000), has been realigned to take care of the effect of the jobs added by the tele-sales team. Although the tele-calling data is a relatively small, according to Naukri, the addition of the same to the index gives a more holistic picture of the Indian job market.
Sectors: According to the report, Oil & Gas and BFSI sectors recorded the maximum YoY growth in hiring activity, at 27% and 17% respectively, while the IT sector saw a growth of 12% in the same time period. The BPO sector also grew by 9% in the same period, while the capital goods sector grew by 6% and the insurance sector by 1%. Telecom and Pharma sectors meanwhile witnessed the highest decline in hiring activity, with 12% and 4% decline in hiring activity.
City wise: All metro cities registered a growth in hiring activity, with the maximum growth recorded in Pune and Chennai at 30% and 29% YoY respectively. Hiring in Hyderabad and Bangalore also saw significant growth with 20% and 17%, followed by Mumbai and Kolkata at 11% and 10%. Delhi saw the slowest growth with only 1% increase in hiring activity.
Increasing demand for finance, HR and IT professionals: According to the index data the demand for professionals in these three sectors grew by 21%, 20% and 18% YoY respectively. BPO and Marketing and Advertising professionals saw a 7% increase in demand, while the Sales and Business Development area grew by 6%. Meanwhile the demand for project management professionals and production and maintenance professionals declined by 8% and 7% respectively.
Experience: 38% of the jobs on offer were for people with 4-7 years of experience, and 32% for people with less than 3 years of experience. Jobs for people with with 8-12 years of experience made up 21% of the share, while only 6% of the jobs on offer were for an experience level of 13-16 years. The left over 3% of the jobs market was for people with over 16 years of experience. According to Naukri, hiring activity across all experience levels grew marginally YoY in December 2014.