Hiring activity improves; sees 14 % year-on-year growth in April: Naukri.com

NEW DELHI: The Naukri Job Speak Index, the job index of online portal Naukri.com grew by 7% in terms of hiring activity compared to March 2014. Yearly comparison shows a 14 % increase in hiring activity compared to April 2013. Industry wise hiring sentiment was buoyant across all the major sectors. Telecom sector saw the index moving up by 19% month on month. Among top metros, hiring activity in Mumbai moved up by 10% in April 2014 over March 2014.

"The job market continues to get better every month. Post elections the recovery could become more broad based if we get a stable government," Hitesh Oberoi, managing director and CEO Info Edge (India) said in a statement.

The BPO and pharma sectors did well with the index moving up by 14% and 11% respectively in April 2014 over March 2014. Banking and financial services and auto registered a spike too with the index moving up 4% and 6% month on month respectively in the same period. Sectors like construction and engineering and IT also witnessed growth with the index going up by 4% and 3% month on month respectively.

Oil and gas was the only sector to witness a downward trajectory with the Naukri Job Speak Index going down by 7% in April 2014 over March 2014.

The demand for professionals working in banking and insurance saw the maximum growth with the Naukri Job Speak Index moving up by 16% in April 2014 over March 2014. Professionals employed in BPO and HR/administration also saw growth with the index moving up by 14% and 12% month on month respectively. Sales and marketing professionals also saw a spurt with the Naukri Job Speak Index moving up by 9% and 8% month on month respectively.

Professionals working in project management and maintenance saw a dip with the index moving down by 5% and 4% month on month respectively.

Among other cities, Hyderabad and Kolkata saw a slight growth with the Naukri Job Speak Index moving up by 3% month on month for both the cities.

Cities like Bangalore and Chennai saw no changes in hiring in April over the previous month.