The Naukri Job Speak index for Nov-10 grew by 12% year on year and dipped marginally by 3% in Nov-10 over Oct-10 owing to the festive season

Company Brief

New Delhi, December 7, 2010

The Naukri Job Speak index for Nov-10 was at 922 as compared to 949 in Oct-10, thus indicating a marginal decline of 3% month on month. Traditionally, this fluctuation is a seasonal decline every year owing to the Diwali and Dusshera festivities where companies generally scale back their recruitment plans. Therefore, although November witnessed lower hiring figures across cities and industries, the stable three month moving average indices indicates sustained growth in hiring activity.

Hitesh Oberoi, CEO and MD, Info Edge India said "With new budgets and plans kicking in from Jan onwards in many companies hiring should start looking up again in the next quarter".

Industry Sector Analysis:

An in-depth analysis of the indices shows that barring Telecom and Pharma which registered 5% and 4% growth respectively in Nov-10 over Oct-10, all other key industry sectors registered monthly declines. When we look at the three month moving average indices all core sectors maintained stable levels thus confirming that this dip was due to the festive season.

After attaining all time high indices in the past months, the index for IT- Software and Auto sector dipped by 6% respectively in Nov-10 over Oct-10. Nevertheless, on a year on year basis the IT sector is up by 26% and Auto by 30% in Nov-10 over Nov-09. Both BPO and Construction sectors edged down by 4% respectively in Nov-10, while the Banking and Financial services sector maintained steady hiring levels.

Functional Area Analysis:

The hottest skill sets for the month of Nov-10 were HR and Admin where the index moved up by 2% in Nov-10 as compared to Oct-10. All other key functional areas like Software Development, ITES, Sales and Marketing witnessed monthly dips within the range of 2% and 5%. However the three month moving average index indicates stability in the hiring scenario.

City Wise Analysis:

In Nov-10, Kolkata and Delhi saw the index surpassing July-08 levels, with growth of 8% and 2% in Nov-10 as compared to the previous month. Chennai also maintained steady hiring levels while Bangalore and Mumbai witnessed 5% dip in the index respectively when compared to the previous month. The festive season had greater impact on both Pune and Hyderabad which registered monthly declines of 20% and 11% in Nov-10 over Oct-10.

Overall, the index seems to have stabilized at an elevated level indicating a positive hiring sentiment across most markets and industry sectors for the coming months.

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Sampark Public Relations Pvt. Ltd.

Anjali Berry

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Email: anjali.berry@sampark.com