A vibrant employment scenario saw the Naukri job speak index move up by 4%in June-10 over May-10

Company Brief

New Delhi, July 6, 2010

The improving business sentiment among recruiters coupled with growing market optimism indicates a cheerful employment scenario as indicated by the Naukri Job Speak index which moved up to 947 in June-10 as compared to 913 in May-10. This evidently reflects that hiring is on a growth mode on a month on month basis as indicated by the upward moving indices of majority of industry sectors, functional areas and cities. The ITES sector has been bullish on hiring as the sector registered a notable growth of 25% in June-10 over the May-10 index. On a year on year comparison, the job index moved up by 21% in June-10 as compared to June-09.

"The second half of 2010 is also expected to create increased opportunities as indicated by the increased GDP growth figures in the country," said Hitesh Oberoi, Director and COO, Info Edge. "The first half of 2010 has been very encouraging as most of the key industry sectors have been able to move out of the slowdown phase and are heading towards recovery." he added.

A deeper analysis of the job index reflects a buoyant hiring scenario as key industry sectors such as ITES, Telecom and Oil and Gas exhibited strong growth in hiring with the index moving up by 25%, 14% and 11% respectively in June'10 as compared to May-10. Moreover, key cities like Delhi, Mumbai and Bangalore witnessed an upsurge in jobs in June-10 with the index moving up by 10%, 6% and 4% in June-10 over May-10. Similarly the key functional areas have also seen positive figures of growth with the demand for professionals in Production and Marketing moving up by 4% respectively in June-10 over May-10.

Thus a look at the Naukri job speak indices for the first half of 2010 are broadly in line with what was suggested by recruiters in the Naukri Hiring Outlook Survey in Jan-10 where 72% of them had said that new jobs will be created in 2010.

City wise Analysis: A month on month comparison of the job index for cities shows a steady growth in hiring activity in Delhi, Mumbai and Bangalore.

The June job index for cities witnessed continued momentum towards recovery. Among the metros Delhi tops the list with index moving up by 10% in June-10 over May-10.The hiring activity in Mumbai moved up by 6% and for Bangalore and Pune it moved up by 4% respectively in June-10 over May-10. All the other cities continue to maintain a stable hiring trend.

Industry Analysis: ITES sector has been most bullish on hiring in June-10 as the index surpasses the July-08 index for the first time.

The ITES sector has shown increased hiring activity in June-10 as the job index moved up by 25% in June-10 over May-10. Similarly the index for Telecom and the Oil and Gas sectors also show an uptrend in hiring with the index moving up by 13% and 11% in June-10 over May-10. The IT- Hardware and the Banking sectors witnessed a 9% and 4% increase in hiring activity in June-10 over May-10 while the IT-Software and Auto sectors witnessed a stable hiring scenario in June-10.

Functional Area / Department Analysis: for professionals in key functional areas moved in a positive direction in June-10 over May-10.

A month on month growth analysis of the functional area shows that professionals in ITES and BPO sectors were much in demand as the index moved up by 22% in June-10 over May-10. The demand for professionals in Production and Marketing moved up by 4% respectively in June-10 over May-10. Similarly professionals in IT- Software, Sales and Project Management witnessed stable hiring scenario as the index moved up marginally by 1% respectively in June-10 as compared to May-10.

For further information, please contact:

Sampark PR

Anjali Berry

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Email: anjali.berry@sampark.com