India Inc. Hiring Activity Displays Stability in May 2015 over May 2014, Says Naukri Job Speak

-BFSI sector continued to remain at the top of charts and recorded the maximum year on year growth in hiring activity across industries, to the tune of 53%, as per the Naukri Job Speak May’15 index

-Delhi-NCR recorded the maximum increase in hiring activity and stood at a Y-o-Y growth of 12%

-The demand for professionals in Banking/Insurance sector grew by 22% Y-o-Y in the May’15 index

The Naukri Job Speak Index for the month of May 2015 stood at 1664 recording a 2% dip in hiring activity over May 2014. While the hiring sentiment in the BFSI industry continued its upward trend as mentioned above, Oil and Gas, Auto and Pharma industries witnessed a year on year decline in hiring activity in the May’15 index. The Media and entertainment sector witnessed a growth of 9% in hiring activity in May’15 over May’14. Among the metros, Delhi recorded the maximum Y-o-Y growth in the May’15 index followed by Bangalore.

V. Suresh, Executive Vice President and Chief Sales Officer, Naukri.com said, “Post an impressive 11% growth in April, the job market continues to move north gaining further momentum in May thanks to the slow but steady revival in sectors like Banking, Accounting, Media and Entertainment. This trend is likely to continue and looks like exciting times are ahead for jobseekers across sectors.”

Industry wise Analysis:

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

• Accounting/Finance industry reported a  Y-o-Y growth of 21% in the May’15 index

• The IT- Hardware and Software industries witnessed a Y-o-Y growth in hiring activity to the tunes of 3% and 2% respectively in the May 2015 over May 2014

• The Healthcare industry registered a Y-o-Y growth of 3% in May 2015 over May 2014

• Pharma recorded a Y-o-Y decrease of 9% in hiring activity in the May’15 index

• Core sectors like Oil and Gas, Auto, Insurance and Real estate witnessed a decline in hiring activity to the tunes of 8% and 21% respectively in May’15 over May’14

City Wise Analysis:

As mentioned above, Delhi took a lead in hiring activity in the May’15 index

• Bangalore witnessed a growth in hiring activity to the tune of 5% in May 2015 over May 2014

• The hiring activity in Mumbai and Pune remained stable according to the May’15 index.

• In contrast, Chennai, Hyderabad and Kolkata registered Y-o-Y decrease of 4%, 5% and 8% in hiring activity in the May’15 index

Functional Area Analysis:

As mentioned above banking and Insurance sector saw the maximum increase in the demand in the May’15 index. Following that

• Demand for professionals in Pharma and IT-Software also recorded a Y-o-Y growth of 7% and 3% in May’15 index

• The demand for professionals in Consulting and Marketing also witnessed a Y-o-Y growth to the tunes of 8% and 5% respectively in May’15 over May’14

• The demand for professionals in Top Management declined by 7% Y-o-Y in May’15

• IT- Hardware / Telecom and ITES professionals also saw a Y-o-Y decline of 9% and 14% respectively in their demand in the May’15 index

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.

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