Naukri Job Speak Index moves up by 10% in Feb

The hiring is expected to pick up seriously once the uncertainty around the elections clears by

The Naukri Job Speak Index for the month of February 2014 was at 1502 showing a 3% increase in hiring activity when compared to January 2014. A yearly comparison showed a 10% increase in hiring activity when compared to February 2013.

The industry-wise hiring sentiment was positive with sectors like Media and Entertainment showing an increase with the index moving up by 18% month-on-month. Among the top metros, Bangalore also saw a growth with the Naukri Job Speak Index moving up by 8% in Feb'14 over Jan'14.

Hitesh Oberoi, Managing Director and CEO Info Edge (India) said, "February was slightly better than January on the hiring front. However this being an election year, most corporations are still on the wait and watch mode. We expect hiring to pick up seriously once the uncertainty around the elections clears by."

Amongst industries, auto and capital goods have seen an improvement in prospects with the Naukri Job Speak index moving up by 16% and 12% respectively in February 14 over Jan 14. Banking & Financial and BPO sector has seen a minimal growth with the index moving up by 5% and 3% in the same period. Pharma sector also saw a modest growth with the Naukri Job Speak Index moving up by 2% m-o-m.

In terms of decline, IT software and construction sector have witnessed a dip with the index moving down by 7% each respectively. Insurance sector also saw a slight decline of 3% in February 2014 over January 2014.