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Hiring activity set to improve in 2014: Naukri.com

Jan 08 2014, 18:38 IST
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SummarySince 2014 is an election year, Naukri.com expects companies to go into expansion mode.

Naukri.com Wednesday said that their Job Speak Index for the month of December, 2013 was at 1,296, a 13% increase in hiring activity when compared to December 2012. Monthly comparison shows no change in hiring activity when compared to November’13.

According to the index, Delhi and Hyderabad witnessed the maximum improvement in hiring trends with 25% and 20%.

“Bangalore and Kolkata saw a double digit growth by 18% and 13% Y-O-Y respectively. Mumbai and Pune saw a miniscule growth in hiring up by 1% and Chennai saw a dip with the index going down by 4% in Dec’13 as compared to Dec’12,” a statement reads.

“The hiring landscape which is currently holding steady with a slightly positive bias in India is set to improve since bellwether sectors in India like IT and ITES have shown signs of growth with the Naukri Job Speak Index for IT growing at an average of 5% in the past three months which signals improvement in hiring activity,”said Ambarish Raghuvanshi, Group President Finance and CFO Info Edge (India).

“Since 2014 is an election year, we expect a uptick in hiring activities of companies here,” he said.

“BPO sector has witnessed a double digit growth of 33% Y-O-Y. Other top performing sectors include Pharma and Telecom which have seen a spike in hiring with the index moving up by 16% and 7%,” according to the company.

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