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Even as all metros registered a healthy growth on Naukri's Jobspeak Index, the cities of Pune and Chennai led the tally with the highest numbers. While Pune registered year on year growth at 27%, Chennai stood at 22% in the hiring index.
The Naukri Job Speak Index for the month of November 2014 was at 1471, registering a 13% increase in hiring activity as compared to November 2013.
"With the festive season now over, all key sectors witnessed growth in hiring activity. Maximum increase was recorded in the Accounting and Telecom sectors with a 58% and 43% year on year increment respectively," according to Naukri.
Hitesh Oberoi, Managing Director and CEO, Info edge (India) said, “With the economic situation improving gradually, businesses are optimistic and we are hopeful that hiring activity will step up further in the coming months.”
Most sectors registered a year on year growth in the Naukri Job Speak Index in the month of November 2014. While Accounting and Telecom were the highest, Banking, ITES and Pharma registered at 34%, 26% and 25% growth respectively.
Sectors such as Insurance, Retail and Healthcare also witnessed an increase of 20%, 22% and 20% respectively. Additionally, IT Software, Capital Goods and the Auto sectors recorded a growth of 7%, 15% and 12% respectively.
City Wise Analysis
While Pune and Chennai recorded the highest growth, Bangalore and Mumbai followed closely at 16% and 15% increase respectively. Delhi-NCR and Hyderabad witnessed a 14% growth each, while Kolkata witnessed a 8% year on year increase in the Naukri Job Speak Index.
Functional Area Analysis
The demand for professionals in HR & Administration, as depicted by the increase in the Naukri Job Speak Index in November 2014, grew by 33% year on year; the maximum growth amongst other prominent functional areas. Fuelled by the growth of the internet sector, the demand for web designing professionals also grew by 30%. Following closely was the Accounts & Finance function registering a 29% growth year on year.
The ITES & BPO functions registered a growth of 25% while Consulting recorded a 21% increase. Some other key functions such as IT Software, Sales and Marketing recorded a year on year growth of 16%, 13% and 15% respectively as depicted by the Index.
