Hiring is stable in India, says Naukri


Got this in an email from the Naukri folks:

The Naukri JobSpeak indicates a stable job scenario, the index inches up by 5% in Jan 2009

According to Naukri JobSpeak – The Overall Job Index inched up from 697 in December 2008 to 738 in January 2009, an increase of 5% in new jobs.

Bangalore saw an increase in new jobs by 18% in January 2009 as compared to December 2008.

The job index for ITes and BPO industry moves up by 28% in Jan 2009.

Functional areas including Teaching and Hospitality inched up above the July 2008 levels indicating a more robust job scenario in these sectors.

A location wise analysis reveals an improved situation in IT centres like Bangalore, Kolkata Hyderabad and Pune. The industry analysis reveals a positive scenario in IT, BPO, Telecom, Banking and Hospitality.

City wise Analysis: The job index for Bengaluru moves up by 18% in Jan 2009

The city wise analysis revealed a growth in new jobs in Bangalore and Kolkata. The Bangalore job index at 747, gained 18% as compared to December 2008. The Kolkata job index that had slipped to a low of 586 in December 2008, gained 23% in January 2009. Delhi, Hyderabad and Pune saw a marginal increase in jobs as compared to December 2008.

Industry Analysis:  ITeS , BPO and Telecom buoy the job industry

Most of the industries saw a positive hiring scenario in January 2009 as compared to December. Niche industries including Legal, Government and Defence continued to see an increase in Jobs, with the index above July 2008 levels.

Functional Area / Department Analysis: Most functional areas see an increase in demand

IT, ITeS, Sales, Project Management Accounting and Banking professionals saw an upward movement in the index, especially the ITes saw an increase in new jobs by 18%. Functional areas including Teaching and Hospitality inched up above the July 2008 levels indicating a robust job scenario in these sectors.

Methodology

The index has been calculated based on new jobs added to the site month on month. July 2008 has been taken as the base month with a score of 1000 and the Aug 08-Jan 09 index is compared with the data for July. Data has been sourced from Naukri.com and is reflective of new job listings added on the site. Jobs have been categorised by location, functional area and industry. The index has been analysed across Cities/ Functional Area – Deptt / Industry verticals. The report (produced monthly) will show hiring trends across industry sectors, geography and functional areas. More than 32500 national and  international clients use Naukri.com, leading to high reliability of data.

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About Gautam

Gautam is a HR professional interested in how emerging technologies are impacting work, careers and organizations.

Posted on February 20, 2009, in recruiting and tagged , . Bookmark the permalink. 2 Comments.

  1. Statistically a good post. Levels seem to be missing; which would see a dramatic change. This is good for front line/semi middle level not beyond that.

  2. Sanjeev Bikhchandani

    Gautam

    The July index was 1000. So it is still 26% down from then.

    But yes it is 5% up from December.

    So December seems to have been A bottom, but we do not know if it was THE bottom.

    Sanjeev

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