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Hiring sees stability of 7% in May: Naukri

Business Standard:  June, 2014

Mumbai: The Naukri Job Speak Index for the month of May 2014 was at 1600 indicating a stable hiring scenario when compared to April 2014. Yearly comparison showed a 14% increase in hiring activity when compared to May 2013.

Industry wise hiring sentiment was muted across all the major sectors except ITES and IT sector. ITES sector saw the index moving up by 15% month-on-month. M. Among the top metros, Hyderabad also saw growth with the index moving up by 8% in May 2014 over April 2014.

Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd said "Hiring activity is seeing a period of stability. Since the elections are now over and we have a stable government at the center, we expect companies to start recruiting in the coming months".

The analysis revealed that the apart from the ITES sector , IT and Oil & Gas have done well with the index moving up by 10% and 3% in May 2014 over April 2014. Insurance sector witnessed the maximum decline with the index moving down by 30% month-on-month.