The Naukri Job Speak Index for Chennai surges by 21% in Feb'10

Company Brief

New Delhi, March 17, 2010

The new Naukri Job Speak index at 947 for Feb-10 as compared to 808 in Jan-10 indicates a positive hiring sentiment among recruiters and jobseekers. A similar sentiment is echoed in the old job index (includes only jobs posted online by clients) as well, where the job index moved up by 14% in Feb'10 overJan'10. This clearly shows that the tidings in the job market has seen stability over the past few months and major industry sectors like IT, ITES, Auto and Banking have started hiring again.

Hitesh Oberoi, COO, Info Edge said, "The recruitment activity accelerated in Feb'10 reflecting the underlying strength and positive momentum in the job market. The 'cautious optimism' that pervaded throughout the last year and a half has evaporated as most industry sectors are now looking to hire."

A sectoral analysis both at the national and state level shows that the hiring activity for all top industry sectors has been moving in a positive direction. Hiring in Auto sectors have moved up by 24% in Feb'10 over Jan'10 while the Construction and Engineering grew by 9%.Thus, key sectors in Chennai IT, ITES, Construction and Engineering, all seem to be on a positive path.

The demand for professionals in Production and Maintenance, IT Software as well as Sales and Business development skills have gone up substantially by 27%, 24% and 18% respectively. The job index for all experience brackets moved up with growth ranging between 17-19% in Feb'10 over Jan'10.

Overall, the index seems to be moving in a robust manner with hiring moving up across all industry verticals, functional areas and cities.

Change in methodology: A change has been introduced in the methodology of computing the Naukri Job Speak index. The Naukri Job Speak index will now not only include online jobs but also incorporate jobs acquired from existing clients by our tele-calling team. Although this data is a small component of the entire job postings on Naukri, addition of the same to the index will give a more holistic picture of the job market in India. Therefore, the Job index which is reflective of the job listings on the site has been realigned (including the jobs acquired from existing clients by our tele-calling team) from July'08 onwards. The Feb Job Speak report will show the hiring activity in India as per the new job index and the old job index. It is evident from the report that the new job index and the old job index indicate a similar hiring pattern. We will be reporting both old and the new index for the next three months and then move to the new index.

On the basis of job listings added to the site every month, the data shows an increase or decline in the jobs. To calculate the index, job listings added to the site in July 2008 have been taken on a base of 1000. The subsequent months have been indexed with data of July 2008. 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.p More than 34000 clients use Naukri.com, leading to high reliability of the data.

Naukri JobSpeak has a segment on Total Jobs that indicates the movement of Total Jobs on the site.

Total Jobs: (Jobs Added + Jobs Refreshed)

A refreshed job is any job that was posted earlier, however has been refreshed during the month and therefore indicates that the position is still open.

For further information, please contact:

Sampark PR

Murugan.G

Mobile: 9841278904

Email: murugan.g@sampark.com