After two months of successive decline in index Chennai sees a 9% growth - Says Naukri JobSpeak Jan 2010

Company Brief

Chennai, February 17, 2010

Naukri.com's job index for Chennai at 649 at the start of the New Year indicates renewed optimism in the environment and a happy start for both job seekers and recruiters. The same sentiment is reflected in our job index for the country as a whole with the national index going up by 4% in Jan'10 over Dec'09.Overall, there is a shift in the declining trend of hiring activity towards a more stabilized market scenario.

Sumeet Singh, National Head- Marketing and Communications, Info Edge said, "With the beginning of the new year, the employment marketplace seems to be moving in a more positive direction. The hiring momentum is expected to move up in most of the key industry sectors as compared to last year."

A sectoral analysis both at the national and state level shows that the hiring activity for the top industry sectors is on a continuous growth. Hiring in Auto sectors have moved up by 4% in Jan'10 over Dec'09 while the Construction and Engineering inched up by 1%.Thus, key sectors in Chennai IT, ITES, Construction and Engineering, all seem to be on a positive path.

The demand for professional with IT skills-both Hardware and Software, Accounting skills as well as Sales and Business development skills have gone up substantially by 10%, 7% and 4% respectively. On an overall level hiring seems to be up in Jan'10 over Dec'09 in almost all experience buckets.

Methodology

The index has been calculated based on job listings added to the site month on month. July 2008 has been taken as the base month with a score of 1000 and the subsequent monthly index is compared with data for July 2008. Data has been sourced from Naukri.com and it reflects job listings and therefore hiring trends on the site. Jobs have been categorized by location, functional area, industry and experience buckets. The index has been analyzed across Cities/ Functional Area - Deptt / Industry verticals. The report (produced monthly) shows hiring trends across industry sectors, geography and functional areas. There might be high volatility in the case of smaller cities, niche industries and functional areas owing to a small database. More than 34000 national and international clients used Naukri.com in 2008-2009, leading to high reliability of data.

For further information, please contact:

Murugan.G

Sampark PR

Mobile: 98412 78904

Email: murugan.g@sampark.com