Naukri Job Speak Index Sees Stability in Hiring In March'14 Over Feb'14

NEW DELHI: The Naukri Job Speak Index for the month of March 2014 was at 1475 showing stability in hiring activity when compared to February 2014. Yearly comparison shows a 12 percent increase in hiring activity when compared to March'13. Industry wise sentiment was muted across all sectors except Pharma which saw a growth with the index moving up by 8 percent M-O-M. Among the top metros, Pune also saw a growth with the Naukri Job Speak Index moving up by 9 percent in March’14 over Feb'14.

Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd said “The job market continues to improve steadily. Hiring activity is beginning to look up beyond sectors like IT. However for hiring to pick up substantially we will have to wait for uncertainty around the elections to clear a bit”.

Industry Sector Analysis: The Naukri Job Speak Index for IT sector grew by 4 percent in March'14 over Feb'14. Banking& Finance sector saw a decline with the index moving down by 30 percent in March'14 over Feb'14. Insurance sector saw a dip with the index moving down by 16 percent in March'14 over Feb'14. Media& Entertainment saw a decline with the index moving down by 14 percent in March'14 over Feb'14. Capital Goods sector saw a downward spiral with the index moving down by 11 percent in March'14 over Feb'14.

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