TABLE OF CONTENTS THE HIRING SENTIMENT... 3 & 4 SECTORAL ANALYSIS... 5 FUNCTIONAL AREA ANALYSIS... 6 CITY BASED SCENARIO... 7 WORK EXPERIENCE BASED ANALYSIS... 8 METHODOLOGY... 9 ANNEXURE... 10-12 2
THE SENTIMENT: OVERALL HIRING SCENARIO Hiring activity in the country has been a mixed bag with sectors such as Construction, Insurance, Oil & Gas and ITES going slow on their hiring plans, but others like Auto and Pharma continuing to hire fresh talent. IT sector which is the largest employer of skilled workforce has also slowed down their hiring plans and lateral hiring across companies has almost been brought to a halt. This has led to the overall job speak index stabilizing over the last few months. Selective hiring is happening across most sectors now. However, the next few months will be challenging for the overall recruitment market in India said Hitesh Oberoi, Managing Director and CEO, Info Edge India 3
Synopsis of year on year comparison of hiring activity across industry sectors and functional areas 4
THE MACROSCOPE SECTORAL ANALYSIS Most industries have started feeling the brunt of a slowdown with sectors like Construction, ITES, Oil & Gas and Insurance witnessing a 17%, 10%, 8% and 6% dip in hiring levels in June-12 when compared to the same time a year ago. Software Services, Banking and Pharma sector however has seen their hiring levels pick up by 9%, 16% and 19% respectively in June-12 over June-11. Auto and the Heavy machinery sector has seen hiring numbers similar to what it was last year. 5
FUNCTIONAL AREA ANALYSIS Sales and Business Development professionals have seen a steady movement in their hiring numbers with June-12 index being 29% higher than last year. Professionals in software services and Production have witnessed 6% and 4% increase in demand in June-12 over June-11. On the contrary, professionals in BPO and Project management saw hiring levels dip by 12% respectively during the same time period. Accounts and HR professionals have not seen much movement in their recruitment levels when compared to last year. 6
CITY BASED HIRING SCENARIO Barring Hyderabad which saw a 5% dip in hiring levels in June-12 over June-11, all the other cities have seen some increase in their overall hiring activity. Both Mumbai and Chennai saw about 9% increases in their job speak index, while Delhi, Pune and Kolkata witnessed their hiring activity increase within the range of 3% and 6% respectively during the same time period. 7
WORK-EX BASED SCENARIO Professionals in senior experience levels have seen increase in demand levels by almost 9% over the last month. However, freshers and 4-7 years experience levels have seen almost stable hiring levels in June-12 when compared to June-11. 8
METHODOLOGY The Naukri Job Speak index from Feb 10 includes both online jobs as wells as jobs acquired from existing clients by our tele-calling team. Although the tele-calling data is a relatively small component of the entire job postings on Naukri, addition of the same to the index gives a more holistic picture of the Indian job market. Therefore, the Job index which was till now based on the July 2008, has been realigned to take care of the effect of the Jobs added by the tele-sales team. On the basis of job listings added to the site every month, the data shows an increase or decrease in the index. To calculate the index, job listings added to the site in July 2008 have been taken as 1000. The subsequent months have been indexed with data of July 2008. The monthly report shows hiring trends across industry sectors, geography and functional areas. There might be high volatility for certain fringe cases like smaller cities, niche industries etc. owing to a small base, but more than 42000 clients using Naukri.com leads to high reliability of the data. Naukri Job Speak not only talks about sectors or cities but also about the total job movement on site. The total jobs on site are defined as: Total Jobs: Jobs Added + Jobs Refreshed Where 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. Disclaimer The data is only representative of the listings on Naukri.com. Our analytics team has used statistical techniques to derive insights which might be useful for our users/stake holders/ audiences. There may be a statistical margin of error 9
ANNEXURE Industry Sectors Upward movement of the index as compared to the previous month Dip in the index 10
Functional Area Upward movement of the index as compared to the previous month Dip in the index 11
Cities Upward movement of the index as compared to the previous month Dip in the index 12