An Index of New Job Opportunities Location – Industry ... · PDF fileAn Index of New Job Opportunities Location – Industry – Functional Area ... attractiveness and industries

1

JobSpeak Jul-Oct 2008

An Index of New Job Opportunities

Location – Industry – Functional Area

July– October 2008

2


Highlights of the report

The Overall Job Index falls from 1000 in July to 781 in October. Historically, the seasonal decline in October is

about 10%, this year the decline is sharper at 21.9%

Global economic slowdown affects metros; the index indicates decline in new jobs by 20%, which is beyond

the seasonal decline of 10%.

Banking industry shows a slowdown in hiring in the month of October.

Legal and government jobs see an increase and gain attractiveness over the period August, September and

October 2008.

Naukri.com, India’s No.1 Job Site, has spread its reach across industries, functional areas, metros, tier II and tier

III cities across India. ‘JobSpeak’ is a unique initiative by Naukri.com to provide its stakeholders and users across

locations, an overview on job prospects and attractive occupations as well as a peek into industries gaining

attractiveness and industries losing sheen. Overall, it is indicative of the health of the economy.

Naukri.com serviced over 32,500 clients in the past year. The report compiles an index on new job listings

added to the site every month. The listings are representative of the jobs posted on the site by recruiters that

are clients of Naukri.com. The team at Naukri.com has successfully mapped and derived trends to reflect the

online availability of jobs. To calculate the index, new jobs in July have been taken on a base of 1000. The

August, September and October index is compared with July. A summary of trends in October as compared to

July is presented in the Executive Summary section. The charts with the corresponding numbers have been

collated in the annexure.

Executive Summary

In tumultuous times, the first indicator of a

slowdown in the economy is the job availability. The

Job Index in October 2008 is 781 as compared to

1000 in July 2008, thus reflecting a decline in new

job opportunities. Historically, the seasonal decline

in October is 10% as recruitment slows down due to

the festive season, this year the slowdown in hiring

has been sharper affecting new jobs by 21.9%. The

3


City July Aug Sep Oct

Delhi-NCR 1000 928 981 786

Mumbai 1000 968 929 715

Bengaluru 1000 826 799 723

Chennai 1000 892 911 801

Hyderabad 1000 866 891 752

Pune 1000 858 895 724

Kolkata 1000 986 952 630

Ahmedabad 1000 813 818 754

Chandigarh 1000 852 981 656

Cochin 1000 1577 1264 1176

Baroda 1000 991 959 761

Coimbatore 1000 849 1062 943

Jaipur 1000 927 1051 769

Index Value of Jobs by City

index suggests that companies are scaling back their recruitment plans due to the global financial crisis and the

current economic conditions.

The index indicates that attractive sectors in the current scenario include Telecom, Pharma and Hospitality as

these have been more stable as compared to the other sectors. The dip seen in these sectors during October

could be due to the seasonal fluctuations. Some other sectors, although very niche, like Government, Defence

and Legal gained attractiveness in the recent months.

Industries that have lost attractiveness over the past three months include Real Estate Banking and Finance, IT

and Retailing. These industries were on a high growth path till July, generating critical mass of jobs in India.

City Wise Analysis: Cities across India witness a jobs slowdown in the wake of industry slowdown

Metros that are the bulk provider of jobs witnessed a decline in new jobs to the tune of 20%-30%.

In the Delhi – NCR region, new jobs fell sharply

after maintaining stability in Aug and Sep. The job

index for Delhi fell from 1000 to 786.

Mumbai witnessed a higher setback in the month

of Oct as compared to Sep and Aug, the job index

fell from 1000 to 715.

Bangalore, the IT hotspot, has lost new jobs since

Jul, especially in Aug which saw a decline of close to

20% compared to Sep.

Chennai saw a marginal increase in new job creation during Sep, however October saw a fall to the tune of

10%.

Hyderabad and Pune bore the brunt of the slowdown especially in the IT sector and witnessed a decline over

15% jobs in October.

Jobs in Kolkata were severely affected with October alone witnessing a decline in new jobs by over 32%.

4


Industry July Aug Sep Oct

IT- Software 1000 849 860 753

BPO and ITeS 1000 847 829 928

Construction and Engineering 1000 921 935 784

Auto and Auto Ancillary 1000 950 863 745

Banking and Financial Services 1000 972 1001 689

Oil an Gas 1000 911 857 737

Telecom 1000 1047 1111 832

Insurance 1000 954 976 770

Capital Goods 1000 958 950 827

Pharma & Biotech 1000 985 974 863

Index Value of Jobs by Industry

Chandigarh, affected to an extent by the IT industry slowdown, saw a slowdown in hiring to the tune of 35%

since July.

Industry wide slowdown has set in, barring niche industries

IT – Software and Hardware, heavily affected by the

global crisis have seen a decline in new job creation

by almost 25% since July this year. Business flowing

in from foreign countries was deferred or cancelled

impacting hiring for bench.

Banking and Financial Services have seen a decline

in new jobs by over 32% in October, after

maintaining stability in Aug and Sep this year.

Construction and Engineering have seen a decline in

new jobs by almost 22% since July this year.

While the telecom industry was looking up and saw increased job creation in Aug and Sep, in Oct the new

jobs in the sector fell by almost 17%. Usually, there is a slowdown in the sector due to the festive season,

however, this October the slowdown is sharper.

Interestingly, the BPO industry witnessed a slight bounce back in October after witnessing a decline in new

jobs in Aug and Sep, an early indicator of the renewing faith in outsourcing.

The Pharma industry has been comparatively less affected with a fall of less than 15% in the index.

Niche sectors like Government, Security Services and Legal saw an increase in new jobs over the period.

5


Functional area July Aug Sep Oct

IT-Software 1000 844 890 761

Sales and Business Development 1000 930 961 730

ITES and BPO 1000 838 849 941

Production and Maintenance 1000 947 933 807

Accounts and Finance 1000 945 900 769

HR & Administration 1000 966 974 770

Project Management 1000 865 973 721

Marketing and Advertising 1000 928 980 750

Banking and Insurance 1000 975 927 708

Engineering Design - R&D 1000 935 948 797

Index Value of Jobs by Functional Area/ Deptt

Functional area-wise Analysis: Pharma professionals in high demand

Across most functional areas and departments, the decline in new jobs on the site has been to the tune of 15-

20%.

The only positive indication during October was for the BPO professionals, with an increase in new jobs by

almost 10%.

Pharma professionals have been least affected by the slowdown with the Index at 975 as compared to July.

In Sep the index touched a high of 1077

The slowdown sieved through most functional

areas in October with Sales, Business

Developers, Project Managers, Banking –

Insurance, Marketing and HR professionals

seeing a deceleration in availability of new jobs.

September was, comparatively, a more positive

month with Sales, HR, and Marketing seeing a

marginal increase in availability of jobs.

In October, new job creation for Project Managers and Sales and Business Development Executives fell by a

huge margin, indicating the low business sentiment in the market. IT- Software and Banking professionals

saw a drastic decrease in availability of new jobs in the month of October.

6


Methodology

The data has been sourced from Naukri.com and is reflective of the listings on the site. Jobs have been

categorised by location, functional area, industry. The index has been calculated across cities/ functional area-

Deptt/ industry verticals.

On basis of new job listings added to the site every month, the data shows an increase or decline in the jobs. To

calculate the index, jobs in July have been taken on a base of 1000. The August, September and October data

has been indexed against July.

Disclaimer

The data is only representative of the listings on Naukri.com. Our analytics team has used statistical techniques

to derive insights which might be useful for our users/stake holders/ audiences. There may be a statistical

margin of error.

7


Annexure

Indepth data across Cities / Industry / Functional Area

With reference to the Executive Summary, the graphs and tables providing an in - depth view of each

industry/functional area and location are given below.

Graphs and Tables comparing Cities


Delhi-NCR 1000 928 981 786

Mumbai 1000 968 929 715

Kolkata 1000 986 952 630

Chennai 1000 892 911 801


Bengaluru 1000 826 799 723

Hyderabad 1000 866 891 752

Pune 1000 858 895 724

Ahmedabad 1000 813 818 754

8



Delhi-NCR 1000 928 981 786

Mumbai 1000 968 929 715

Bengaluru 1000 826 799 723

Chennai 1000 892 911 801

Hyderabad 1000 866 891 752

Pune 1000 858 895 724

Kolkata 1000 986 952 630

Ahmedabad 1000 813 818 754

Chandigarh 1000 852 981 656

Cochin 1000 1577 1264 1176

Baroda 1000 991 959 761

Coimbatore 1000 849 1062 943

Jaipur 1000 927 1051 769

Index Value of Jobs by City


Chandigarh 1000 852 981 656

Cochin 1000 1577 1264 1176

Baroda 1000 991 959 761

Coimbatore 1000 849 1062 943

Jaipur 1000 927 1051 769

9


Graphs and Tables comparing Industries


IT- Software 1000 849 860 753

BPO and ITeS 1000 847 829 928

Telecom 1000 1047 1111 832

IT-Hardware & Networking 1000 815 801 709


Construction and

Engineering 1000 921 935 784

Oil and Gas 1000 911 857 737

Chemicals 1000 968 967 775

Real Estate 1000 873 931 600

10



Banking and Financial

Services 1000 972 1001 689

Insurance 1000 954 976 770

Accounting & Taxation 1000 765 864 770


Pharma & Biotech 1000 985 974 863

Healthcare 1000 1014 958 826




11



IT- Software 1000 849 860 753

BPO and ITeS 1000 847 829 928

Construction and Engineering 1000 921 935 784


Banking and Financial Services 1000 972 1001 689

Oil an Gas 1000 911 857 737

Telecom 1000 1047 1111 832

Insurance 1000 954 976 770


Pharma & Biotech 1000 985 974 863

Hospitality 1000 926 946 903

FMCG,Foods and Beverage 1000 952 940 739

Chemicals/PetroChemical/Plastic/Rubber1000 968 967 775

Education 1000 835 798 669

IT-Hardware & Networking 1000 815 801 709

Retailing 1000 846 899 614

Media and Entertainment 1000 885 832 619

Healthcare 1000 1014 958 826

Real Estate 1000 873 931 600

Employment Firms 1000 1011 953 742

Consumer Durables 1000 957 1005 852

Accounting & Taxation 1000 765 864 770

Advertising 1000 742 947 683

Textiles 1000 969 897 861

Semiconductors & Electronics 1000 890 910 792

Courier & Transportation 1000 772 663 606

Architecture & Interior Designing 1000 916 938 695

Export & Import 1000 940 846 705

Printing & Packaging 1000 906 990 741

Marine 1000 791 1075 976

Agriculture 1000 696 728 636

Office Equipment/Automation 1000 944 964 721

Fresher & Trainee 1000 818 776 790

Social Services 1000 971 1109 732

Gems & Jewellery 1000 961 1169 1000

Paper 1000 1480 1760 880

Legal 1000 1172 1609 1656

Tyres 1000 935 1161 806

Fertilizers & Pesticides 1000 982 1860 1316

Security & Law Enforcement 1000 1673 1418 1327

Defence & Government 1000 733 2133 1444

12


Graphs and Tables comparing Functional Area/ Deptt


IT-Software 1000 844 890 761

ITES and BPO 1000 838 849 941


IT- Hardware & Telecom 1000 967 935 786







Sales and Business

Development 1000 930 961 730

13






Top Management 1000 875 1060 708


14



IT-Software 1000 844 890 761

Sales and Business Development 1000 930 961 730

ITES and BPO 1000 838 849 941








Supply Chain 1000 905 899 671

Front Office and Data Entry 1000 875 1025 755

IT- Hardware & Telecom 1000 967 935 786

Teaching & Education 1000 645 662 498

Pharma and Biotech 1000 1069 1077 975

Hotels and Restaurants 1000 995 1013 1002

Top Management 1000 875 1060 708

Architecture & Interior Design 1000 862 897 651

Merchandising 1000 820 965 763

Consulting 1000 738 791 561

Legal 1000 967 1033 795

Web Designing 1000 889 1094 834

Journalism 1000 967 992 628

Travel & Airlines 1000 872 888 1156

Fashion and Garments 1000 1082 1137 885

Security Services 1000 860 870 840

Media 1000 811 1000 774

Packaging 1000 688 1063 708

Self Employed 1000 1029 1000 824


Index Value of Jobs by Functional Area/ Deptt

15


About Naukri.com

Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment

in India. Since its inception in 1997, Naukri.com has seen exponential growth year after year. Info Edge

completed a successful IPO in November 2006 and became the first internet company to be listed in India.

Naukri.com is a recruitment platform and provides services to the corporate world, placement agencies and job

seekers in India and overseas. It offers a bouquet of products like Resume Database Access, and Response

Management tools and its services include Job Postings, and branding solutions on the site. With 2,00,000 jobs

live at any point, Naukri.com serviced over 32500 corporate clients in the 2007-2008.

The company has over 1700 people operating through 67 offices in 41 cities in India and overseas offices in

Dubai, Riyadh and Bahrain.

Documents

An Index of New Job Opportunities Location – Industry ... · PDF fileAn Index of New Job Opportunities Location – Industry – Functional Area ... attractiveness and industries