BFSI and Telecom sectors continued to show positive trend and registered a growth of 45% and 29% respectively in January 2015 over January 2014
The Naukri Job Speak Index for the month of January 2015 was at 1467, the same as in Jan 2014. The sectors which recorded maximum growth were BFSI and Telecom with a 45% and 29% growth respectively year on year. However sectors like Insurance and Capital Goods registered a sharp decline of 22% and 23% respectively in Jan 2015 when compared to Jan 2014. Amongst the prominent cities, Pune and Bangalore lead the tally with 14% and 13% growth in Jan 2015 over Jan 2014.
V. Suresh, Executive Vice President and Chief Sales Officer, Naukri.com said, Despite the January Job Speak index registering a flat growth over last year, the economy is showing signs of revival and its effects will be visible on the hiring landscape. Positive hiring sentiments in sectors that employ huge number of people viz. IT, BFSI, Telecom and Pharma is likely to have an impact on the overall eco-system and we can expect the momentum to pick up in the coming months.”
Industry Sector Analysis:
An in depth analysis revealed that while Telecom, Pharma and the BFSI sectors recorded growth, few sectors such as the BPO and ITES as well as the Construction and Engineering sector saw a year on year decline of 8% and 14% respectively in the index in January’15. The Insurance and Auto sectors also experienced a dip with the index going down by 22% and 5% respectively in the same period. However, the Banking and Financial services sector saw an exceptional spike of 45% in the January ’15 index in comparison to the January’14 level.
City Wise Analysis:
Barring Delhi and Kolkata, which showed a decline of 3% and 18% respectively, most cities registered positive growth in their hiring activity in Jan 2015 when compared to Jan 2014. Pune and Bangalore saw the maximum growth with their index going up by 14% and 13% respectively. Following closely were Mumbai and Chennai at 8% and 7% growth respectively in Jan 2015 when compared to Jan 2014
Functional Area Analysis:
Positive hiring activity was seen for professionals across top functional areas. The demand for HR, Accounts & Finance and IT Software professionals grew by 15%, 6% and 9% respectively in Jan 2015 over Jan 2014. However, hiring for Marketing & Advertising professionals remained muted. There was also a dip of 7% in the demand for ITES and BPO professionals in Jan 2015 in comparison to Jan 2014. Even Production and Project Management professionals saw a steep decline of 19% in hiring in the same time period.