 "Hiring remains steady in Jan 2015: Naukri Jobspeak")
Hiring activities were steady in January 2015 on a year-on-year basis, with the Naukri Job Speak Index constant at 1,467.
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 January 2015 when compared to January 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."
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 2015. The insurance and auto sectors also experienced a dip, with the index going down by 22% and 5% respectively in the same period.
Citywise, 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 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.
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.