Hiring up 13% in Dec 13 over Dec 12: Naukri Job Speak Index

The Naukri Job Speak Index for the month of December 2013 was at 1,296 a 13% increase in hiring activity when compared to December 2012.  

Monthly comparison shows no change in hiring activity when compared to November 2013.

Industry wise hiring sentiment was positive with sector like IT Software showing an increase of 33% year on year. Among the top metros, hiring momentum continued in Delhi and Hyderabad with the Naukri Job Speak Index moving up by 25% and 20% year on year respectively.

“The hiring landscape which is currently holding steady with a slightly positive bias in India is set to improve since bellwether sectors in India like IT and ITES have shown signs of growth with the Naukri job speak for IT growing at an average of 5% in the past three months which signals improvement in hiring activity," said Ambarish Raghuvanshi, Group President Finance and CFO Info Edge (India).

"Since 2014 is an election year, we expect companies to go into an expansion mode either ahead of results or post elections and concomitantly we will see an uptick in hiring activities of companies here,” Raghuvanshi added.

Amid industries, the BPO sector has witnessed a double digit growth of 33% year on year. Other top performing sectors include Pharma and Telecom which have seen a spike in hiring with the index moving up by 16% and 7% year on year, respectively.

The growth streak was also seen in Oil and Gas sector with the index moving up by 7%. Among sectors observing a negative decline, Auto sector saw the maximum decline with the Naukri Job Speak Index moving down by 17% respectively however monthly comparison shows auto sector seeing a spike with the index moving up by 16% month-on-month.

Among all metros, Delhi and Hyderabad witnessed the maximum improvement in hiring trends with 25% and 20% increase in Dec’13 over Dec’12 respectively Bangalore and Kolkata also saw a double digit growth with the Naukri job speak index moving up by 18% and 13% Y-O-Y respectively.  

Cities like Mumbai and Pune saw a miniscule growth in hiring with the Naukri Job Speak Index moving up by 1% Y-O-Y. In terms of decline, Chennai was the only city amongst metros which saw a dip with the index going down by 4% in Dec13 as compared to Dec12.

Highlights:

* Delhi and  Hyderabad witnessed the maximum improvement in hiring trends with 25% and 20% increase in Dec’13 over Dec’12, respectively

* Chennai witnessed a decline with the index moving down by 4% y-o-y

* Professionals working in IT Software saw maximum growth with the index showing an increase of 33% y-o-y