India Inc. Hiring Sentiment Stays Cautious In June- Says Naukri Job Speak Index

Mr. Hitesh Oberoi, MD and CEO Info Edge (India) Ltd said “The macroeconomic environment is still not very robust and the pattern of job creation in this quarter has been quite symbolic of caution and vigilance taking cues from the weakened global economic parameters. However across industries and functions, hiring should stay resilient over a longer term. Sustainable growth will take time to settle into place.”

Industry Sector Analysis:

ITES is the one sector to exhibit high growth of 47 percent in hiring when compared to previous year while it has gone down by 8 percent in June-13 when compared to May-13. Job demand in Banking & Financial Services and Software Services has shown a rise in index Value by 5 percent & 3 percent respectively on a year on year basis in June’13.

Oil & Gas and Insurance sectors have seen a marginal growth of 2 percent in June-13 when compared to May’13. Sectors like Pharma and Telecom after seeing consecutive growth in first two months of the quarter are now showing a dip of 27 percent and 18 percent respectively for the month of June’13 over May’13. After a slight increase in May, Auto sector has also shown a dip of 15 percent in hiring activity month on month.

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