Hiring sees double-digit growth in December 2013

Hiring across industries for the month of December 2013 showed double-digit growth of 18 per cent when compared to a year earlier, according to The Naukri Job Speak Index managed by job portal Naukri.com.

However, the index shows a fall in hiring on a monthly basis compared to November 2013 with decline of 8 per cent in December 2013, according to a Naukri.com release on Wednesday. 

The index noted that demand for professionals working in the IT and BPO sectors continued to grow with the index moving up by 33 per cent and 31 per cent in December 2013 as compared to December 2012. This apart, professionals working in the areas of finance witnessed increase in demand with the index moving up by 7 per cent year-on-year. 

Monthly comparison, however, reflected negative growth with the index moving down by 5 per cent in December 2013 over November 13.

V Suresh, EVP & Head Sales, Naukri.com, said, “The resilience in the job market portends a better 2014 for job seekers as it is symptomatic of the fact that  IT/ITES  companies are slowly but steadily ramping up their headcount proactively as the IT Outsourcing  business is likely to head north in 2014. Since Bangalore is home to IT sector which continues to see robust hiring activity, we expect the garden city to create more jobs in 2014”.

Among industries, the BPO sector witnessed double-digit growth of 33 per cent on a year-on-year basis. Other top performing sectors included telecom and oil and gas which have seen a spike in hiring with the index moving up by 7 per cent year-on-year respectively.

In terms of decline, professionals working in banking and insurance and supply chain witnessed a dip with the index moving down by 17 per cent and 15 per cent year-on-year respectively. Engineering design and R&D also saw decline with the index moving down by 14 per cent year-on-year.