India Inc. 11% Year on Year Growth in Hiring Activity, Says Naukri Job Speak Report

• Accounting / Finance Industry topped the charts and recorded the maximum year on year growth in hiring activity, to the tune of 79% across industries

• Demand for IT-Software professionals saw a Y-o-Y growth of 26% in the June’15 index

• Mumbai and Pune recorded the maximum increase in hiring activity and stood at a Y-o-Y growth of 21%

The Naukri Job Speak Index for the month of June 2015 stood at 1749 recording an 11% increase in hiring activity over June 2014.  While the maximum increase in hiring was recorded in the Accounting/Finance industry, Banking, IT-Software, IT-Hardware and Telecom industries too showed an upsurge in hiring activity. Hiring activity in sectors like Oil and Gas, Auto and Real Estate witnessed a Y-o-Y decline in the June’15 index over June’14. While, the hiring sentiment in the metros like Mumbai, Bangalore and Kolkata recorded an upward movement as mentioned above, Delhi-NCR was stagnant in hiring activity in the June’15 index.

V. Suresh, Executive Vice President and Chief Sales Officer, Naukri.com said, “Job market continues to sustain the momentum gained in April and May with an impressive 11% growth in June. Sectors like IT, Banking and Pharma lead the show right now and we can expect the other sectors to start looking up in the next few months or so. Looks like Jobs are back and exciting times ahead!!”

Industry wise Analysis:

Apart from the Accounting /Finance industry, which led the pack in terms of Y-o-Y growth in hiring activity

• BFSI industry reported a Y-o-Y growth of 49% in the June’15 index

• The IT- Software and Hardware industries witnessed a Y-o-Y growth in hiring activity to the tunes of 23% and 19% respectively in the June 2015 over June 2014

• Pharmaceutical and Healthcare industries too saw a Y-o-Y increase in hiring activity to the tunes of 14% and 16% respectively.

• Core sectors like Oil and Gas, Real Estate and Auto continue to witness a decline in hiring activity to the tunes of 31%, 19% and 16% respectively in June’15 over June’14

City Wise Analysis:

As mentioned above, Mumbai and Pune took a lead in hiring activity in the June’15 index

• Bangalore witnessed a growth in hiring activity to the tune of 20% in June 2015 over June 2014

• Kolkata, Hyderabad and Chennai registered a Y-o-Y increase of 19% and 5% respectively in hiring activity in the June’15 index

• The hiring activity in Delhi-NCR remained stagnant according to the June’15 over June’14                                                                                                                                                                                                           

Functional Area Analysis:

As has been reported above, the demand for IT-Software professionals saw an increase in the June’15 index. Following that

• The demand for consulting professionals recorded the highest Y-o-Y increase, to the tune of 28%, in the June’15 index

• Demand for professionals in Accounts / Finance, Banking / Insurance and Marketing also recorded a Y-o-Y growth of 22%, 18% and 10% respectively in June’15 index

• The demand for professionals in Pharma also witnessed a Y-o-Y growth to the tune of 5% June’15 over June’14

• The demand for professionals in IT-Hardware witnessed a stable trend in June’15 index

• ITES and Packaging professionals saw a decline in demand of 4% and 10% respectively in June 2015 over June 2014

About Naukri.com

Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge introduced the concept of e-recruitment in India. Since its inception in 1997, Naukri.com has witnessed continuous growth while outperforming its competitors in every sphere. Info Edge was the first internet Company to be listed in India. The site enjoys a traffic share of 72% as per ComScore. 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, listings and Response Management Tools. With more than 1,60,000 jobs live at any point and over 41 million CV’s, Naukri.com serviced over 48000 corporate clients in 2013-2014. The company employs over 3100 people operating through 56 offices in 42 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.