India – Hiring activity up +15%

Content by staffingindustry.com

The Naukri Jobspeak Index for January 2014 was at 1,466, reflecting a year-on-year increase of +15% compared with January 2013. The Index, which started in July 2008 with a base measure of 1,000, also recorded a +13% month-on-month increase compared with December 2013, reports jobs.siliconindia.com.

In terms of recruitment trends, the biggest month-on-month increases were reported in Insurance (+26%) and IT-Software (+18%). The biggest declines were reported in Telecoms (-23%) and Automotive (-2%).

Regionally, each major metropolitan area reported increased hiring activity, with the biggest month-on-month rises reported in Kolkata (+29%), Hyderabad (+20%), and Chennai (+18%).

Ambarish Raghuvanshi, Group President Finance and CFO Info Edge (India) Ltd, commented: “The upcoming national elections coupled with the improvement in the global economic conditions will help to ameliorate the hiring landscape in India. In fact, the Naukri Job Speak Index for the past three months has grown at an average of +4% month-on-month. We anticipate that post general elections companies will probably start their expansion process which will concomitantly generate demand for talent. The hiring scenario in India in 2014 is likely to be better than it’s been in the last two years.”