Naukri Job Speak Index sees stable hiring in March over Feb

The Naukri Job Speak Index for the month of March 2014 was at 1475 showing stability in hiring activity when compared to February 2014. Yearly comparison shows a 12 per cent increase in hiring activity when compared to March 2013.

Industry wise sentiment was muted across all sectors except Pharma which saw a growth with the index moving up by 8 per cent month-on-month. Among the top metros, Pune also saw a growth with the Naukri Job Speak Index moving up by 9 per cent in March 2014 over Feb 2014.

Hitesh Oberoi, Managing Director and CEO Info Edge (India) said, “The job market continues to improve steadily. Hiring activity is beginning to look up beyond sectors like IT. However for hiring to pick up substantially we will have to wait for uncertainty around the elections to clear a bit."

With respect to the sectors, insurance sector saw a dip with the index moving down by 16 per cent in March 2014 over February 2014.  Similarly, media & entertainment and capital goods saw a dip in the index in March over February.