India Inc. Hiring Sentiment Moves up by 9% in April 2015 Over April 2014, Says Naukri Job Speak

- The demand for IT-Software professionals saw a Y-o-Y growth of 26% whereas that for IT-Hardware professionals registered a Y-o-Y decline of 4%

- The BFSI sector registered a  Y-o-Y growth of 75% in April 2015

- Auto and Real Estate industries witnessed a decline in hiring activity in April’15 over April’14

- Among the metros, Bangalore recorded the maximum increase in hiring activity and stood at a Y-o-Y growth of 20%

The Naukri Job Speak Index for the month of April 2015 stood at 1736 recording a 9% increase in hiring activity over April 2014. Apart from BFSI, which led the pack with the maximum Y-o-Y growth, Accounting and IT-Software industries registered a Y-o-Y growth of 27% and 22% respectively in the April’15 index. Among the metros, Bangalore recorded the maximum Y-o-Y growth. Pune, Hyderabad, Mumbai and Chennai witnessed a Y-o-Y increase in hiring activity in the range of 17-18%.

V. Suresh, Executive Vice President and Chief Sales Officer, Naukri.com said, “The Job market continues to sustain the momentum gained in February and March 2015. This growth is predominantly driven by sectors viz., Information Technology, Banking and Financial services. Looks like good times are ahead for jobseekers as there is a huge war for high quality talent in some of these sectors.”

Industry wise Analysis:

Besides BFSI, Accounting and IT-Software industries which led the growth charts,

- The Healthcare and Pharma industries witnessed a Y-o-Y growth of 9% and 3% respectively.

- IT-Hardware and Retail industries recorded a marginal growth of 3% in April’15 over April’14

- The growth in Telecom and Auto industries remained stable in the Apri’15 index

- Core sectors such as Construction/Engineering and Oil and gas registered a Y-o-Y decline in hiring activity in the range of 4-5%

City Wise Analysis:

All metro cities registered an increase in hiring activity in April 2015 in comparison to April 2014

- As mentioned above, Bangalore has taken the lead in hiring activity in the April’15 index, followed by Pune and Pune, Hyderabad, Mumbai and Chennai

- Kolkata also witnessed a Y-o-Y growth of 4% in April 2015 over April 2014

- Delhi-NCR registered the lowest Y-o-Y growth rate in hiring activity among metros to the tune of 3%

Functional Area Analysis:

- The demand for professionals in Banking & Insurance and IT-Software saw a Y-o-Y growth of 30% and 26% respectively in April’15 over April’14

- The demand for professionals in HR grew by 9% Y-o-Y in April 2015

- In contrast, the demand for professionals working in IT- Hardware and Pharma saw a Y-o-Y decline of 4% and 5% respectively in the April’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.