 "Naukri's November online hiring index up 1% from October")
New Delhi: Recruitment activity witnessed a moderate increase in November and industry wise hiring sentiment was positive but weak during the period.
The Naukri Job Speak Index - which tracks monthly hiring activities online – stood at 1,300 showing a 1 percent growth in hiring, when compared to October 2013.
Industry wise hiring sentiment was positive but weak except in IT-Software which has seen an upward trend with the index moving up by 10 percent in November when compared to October.
[caption id=“attachment_39235” align=“alignleft” width=“300”]  Reuters[/caption]
On a year-on-year basis, however, the hiring activity rose 16 percent in November as compared to the same period a year ago, job portal Naukri.com said.
“Indian economy is currently poised on the cusp of change since general elections are around the corner,” Info Edge (India) Group President Finance and CFO Ambarish Raghuvanshi said.
Info Edge (India) owns job portal naukri.com.
Raghuvanshi further added that the Naukri Job Speak Index has moved up in the past two months which points to better hiring outlook in 2014.
“Global companies are now looking at India as a core growth market since India has morphed into the talent powerhouse with the emergence of new technologies and business models. We are bullish on hiring in India next year,” he said.
Impact Shorts
More ShortsA sector-wise analysis shows that the IT-Software space continues to experience growth with the Naukri Job Speak Index moving up by 10 percent month-on-month.
Oil and gas and banking are also seeing positive growth with the index up by 6 percent and 4 percent respectively.
On the other hand sectors like BPO and auto are facing a dip with the index moving down by 17 percent and 9 percent month-on-month in November.
In terms of demand for professionals, those working in IT Software continued to grow with the index moving up by 8 percent in November as compared to October, followed by professionals working in areas of project management (6 percent) and engineering design (5 percent).
Among all metros, Bangalore and Chennai have seen modest growth with the index moving up by 7 percent and 2 percent respectively. In terms of decrease, Delhi-NCR and Mumbai have observed a decline of 2 percent month on month, the report
said.
PTI
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