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| Construction and Engineering sector witnesses its index peak to 830 |
| Announcement / Corporate May 12, 2011, 19:51 IST |
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Calendar 2011 is expected to be a landmark year for job creation as all industries are upbeat about their hiring sentiment. The job speak index for Apr-11 at 1062 as compared to 1085 in Mar-11 shows a minor dip in the hiring activity owing to the ongoing appraisal season. Hiring activity for the Construction and Engineering sector has been clocking impressive growth figures for the past few months and has finally reached its peak of 830 in Apr-11. This sector was hard hit by recession and unlike other key industry sectors, Construction and Engineering is still to get back to the pre recession levels. However this month did see some spurt in this sectors hiring activity. This dovetails with the optimism shown in the Naukri Hiring Outlook Survey where 77% of recruiters from the Construction and Engineering sector had anticipated that new jobs will be created in the first half of 2011.
Hitesh Oberoi, CEO and MD, Info Edge India said “Hiring tends to slowdown a little in Q1 every year because of the appraisal cycle. We expect hiring to pick up again by June/July this year.”
Industry Sector Analysis:
An in-depth analysis of the indices shows that all the top industry sectors have witnessed minor dips in their hiring activity. Key industry sectors like Auto, Banking, Oil and Telecom saw their indices dipping by 2% respectively in Apr-11 over Mar-11 while the BPO sector saw a 16% dip in the hiring activity in Apr-11 when compared to the last month. All these sectors have shown steady three month moving average indices. The Construction and Engineering sector witnessed maximum movement in the employment front both monthly as well annually as the index moved up by 9% in Apr-11 over Mar-11 and by 13% in Apr-11 over Apr-10. Both IT and Capital Goods sector maintained steady hiring levels over the month.
Functional Area Analysis:
The hottest skill sets for the month of Apr-11 were professionals in Production and Project management where the index moved up by 4% respectively in Apr-11 as compared Mar-11. The demand for professionals in HR, Accounts, Sales, and Software Development maintained steady hiring levels in Apr-11 over Mar-11.
City Wise Analysis:
Most cities have experienced a lull in hiring activity in Apr-11. Among the metros only Mumbai maintained steady hiring levels, while Delhi and Hyderabad saw dips of 2% respectively in Apr-11 over Mar-11. Bengaluru and Chennai saw dips of 15% and 12% respectively in Apr-11 over Mar-11. However the three month moving average indices for these cities maintained steady hiring levels.
Overall, the index seems to have stabilized at an elevated level with minor seasonal dips.
About Naukri.com
Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment in India. Since its inception in 1997, Naukri.com has seen continued growth while outperforming its competitors in every sphere. Info Edge is the first internet Company to be listed in India.
Naukri.com is a recruitment platform that provides hiring-related services to corporates/ recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, and Response Management tools and its services include Job Postings, and recruiter branding solutions on the site. With 230000 jobs live at any point, Naukri.com serviced over 35500 corporate clients in 2010-2011.
The company has over 1450 people operating through 53 offices in 34 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
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