New Delhi: The beginning of 2012 had brought in lots of hope and optimism to the country’s overall job market scenario but the ongoing global uncertainty, deteriorating GDP figures and the slowing of capital inflows has affected overall domestic growth.  A sectoral analysis shows that even amid these tough conditions, sectors like ITES, Telecom and Insurance saw hiring activity grow within the range of 4% and 8% respectively in Jul-12 when compared to Jun-12. Similarly the demand for customer service, Production and Sales professionals also witnessed increase in demand in Jul-12 when compared to Jun-12.
 
On an overall level, the Naukri Job Speak index has stabilized over the last five months, indicating selective hiring across most industries.  A similar sentiment was also revealed in Naukri Hiring Outlook Survey where only 62% recruiters anticipated new jobs to be created in the second half of 2012, as compared to 72% at the beginning of the year.
 

“The overall recruitment market in the economy is very challenging and most recruiters are staffing smartly and are not going overboard. However, unlike the last downturn which came like a jolt, this time companies are more prepared and cautious” said Hitesh Oberoi, Managing Director and CEO, Info Edge India

 
Industry Sector Analysis:
Most industries have started feeling the brunt of a slowdown. The Banking sector has seen the highest month on month dip with hiring activity going down by 16% in Jul-12 when compared to Jun-12. On a monthly level, Oil and Gas, Software services and Auto Sector saw recruitment levels dip within a range of 2% and 4% respectively over the same time period. Although sectors like ITES, Telecom and Insurance have seen about 4% to 8% increase in their hiring levels in Jul-12 when compared to Jun-12, the overall hiring level for these sectors are still 12%, 18% and 35% lower than pre recession levels.
 
Functional Area Analysis:
ITES and BPO professionals saw increased demand over the last one month with job index moving up by 16% in Jul-12 when compared to Jun-12. Sales, Accounts and Production professionals have seen a steady movement in their hiring numbers over the last one month. On the contrary, Banking and Insurance professionals saw 16% dip in their demand during the same time period. Similarly, Project Management Marketing HR and IT-Software professionals saw dips within the range of 2% and 6% respectively during the same time period.
 
 
City Wise Analysis:
Pune and Hyderabad saw 4% and 3% increase in hiring levels in Jul-12 over Jun-12, while Kolkata and Mumbai witnessed stable hiring levels during the same time period. On the other hand, Bengaluru and Chennai saw 3% dips in hiring activity during the same time period.
 

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