New Delhi: According to Naukri JobSpeak, the job index at 701, declined by 3.9% in October ’09 as compared to September ‘09. The three month moving average index indicates a marginal decline by 1% in the index in October’09 as compared to September’09.
Chennai, Bangalore, Delhi-NCR, Kolkata and Hyderabad showed a positive trend.
BPO/ITES, Oil & Gas, Banking/Financial Services, Healthcare etc showed a positive growth in October ’09 as compared to September ‘09.
“Indications are that the economic slowdown and hiring have bottomed out. We are now in the recovery stage as far as hiring is concerned. October figures are down on September due to seasonality and holidays due to festivals. Numbers are on expected lines,” said Mr. Ambarish Raghuvanshi, Chief Financial Officer, Info Edge.
Out of the top 8 cities, 5 cities saw an upward trend in hiring, while Mumbai, saw a dip. Hiring activity went down across all experience levels. However, the 3-Month Average in the 0-3 yrs experience range showed a positive trend.
Chennai, Bangalore, Delhi-NCR, Kolkata and Hyderabad saw an uptrend in hiring activity by 7.05%, 3.33%, 2%, 1.43% and 6.65% respectively in October’09 as compared to September’09. Mumbai and Pune saw a decline in recruitment activity, bringing down the index by 9% and 2.38% respectively in October ’09 as compared to September’09.
As compared to September’09, ITES/BPO industry saw an increase in hiring activity in October ‘09 by 4.4%. Banking and Healthcare also witnessed an increase in the hiring activity by 4.1% and 12.43% respectively in October ‘09 as compared to September ‘09.
Hiring activity in the Oil and Gas sector bounced back in October ‘09 with an increase by 4.8 % over September ’09.
Telecom witnessed reduced hiring activity by 15% in October ’09 as compared to September ’09. Auto/Auto Ancillary and Pharma/Biotech sectors saw decreased hiring activity in October ’09 by 8.9% and 7.5% respectively. Both IT-Software and Hardware saw a slight drop in hiring activity by 2% and 4.4% respectively in October ‘09 as compared to September ‘09.
The demand for ITES / BPO and Pharma /Healthcare professionals saw an uptrend. While the demand for professionals in the Pharma/Biotech/Healthcare sector grew by 13%, the demand for ITES/BPO professionals grew by 4% in October ‘09 as compared to September ‘09. The demand for Sales and Business Development professionals bounced back by 1.3% in October ’09 after showing a negative growth in the hiring activity by 3.6% in September ’09.
On Total Jobs (this includes refreshed jobs), the index moved down by 5.1% from 785 in September ‘09 to 745 in October ‘09. According to the Total Jobs Index, the index peaked in Sep’08 at 1004 and bottomed in Dec’08 at 739.
Bureau Report
First Published: Tuesday, November 24, 2009, 16:33