BANGALORE: The Naukri Job Speak Index for the month of February 2014 was at 1502 showing a 3 percent increase in hiring activity when compared to January 2014. Yearly comparison shows a 10 percent increase in hiring activity when compared to February’13. Industry wise hiring sentiment was positive with sectors like Media and Entertainment showing an increase with the index moving up by 18 percent M-O-M. Among the top metros, Bangalore also saw a growth with the Naukri Job Speak Index moving up by 8 percent in Feb’14 over Jan’14.

Hitesh Oberoi, Managing Director and CEO Info Edge (India) Ltd said “February was slightly better than January on the hiring front. However this being an election year, most corporations are still on the wait and watch mode. We expect hiring to pick up seriously once the uncertainty around the elections clears by”.
Industry Sector Analysis: An in depth analysis reveals that amongst industries, Auto sector and Capital Goods have seen an improvement in prospects with the Naukri Job Speak index moving up by 16 percent and 12 percent respectively in Feb 14 over Jan 14. Banking & Financial and BPO sector has seen a minimal growth with the index moving up by 5 percent and 3 percent in the same period. Pharma sector also saw a modest growth with the Naukri Job Speak Index moving up by 2 percent M-O-M.

In terms of decline, IT software and construction sector have witnessed a dip with the index moving down by 7 percent each respectively.  Insurance sector also saw a slight decline of 3 percent in Feb’14 over Jan’14.
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