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IT Companies Hiring 'Big', No Slowdown: Naukri.com

Overall hiring activity across sectors too is picking up compared to last year, Naukri.com said.
Representational image
Representational image

The IT sector has been doing 'extremely well' in terms of job creation and has been hiring in "big numbers", according to Info Edge (India) - the company that owns job portal Naukri.com.

"So far we have not seen a slowdown in the IT sector in the last nine months. In fact IT companies have been hiring in big numbers. It's possible that every now and then one company puts a freeze on hiring but the sector overall is looking good," Hitesh Oberoi, managing director and CEO, InfoEdge India, told NDTV. (Watch video)

Overall hiring activity across sectors too is picking up compared to last year, Naukri.com said.

"Compared to the same time last year when hiring activity had slowed down considerably we are seeing an uptake this year. Certain sectors especially IT is doing extremely well. We are yet to see an upturn in sectors like construction and infrastructure and manufacturing, but barring that most other sectors seem to be picking up compared to last year," Mr Oberoi said.

Of late, hiring in sectors like banking, financial services, telecom, and insurance has also picked up "a bit", he added.

"The other sectors which are big job creators- sectors like infrastructure, power, energy, roads, railways, highways, these sectors are yet to pick up. So, we are hoping that in 2015, some of these sectors will start picking up," Mr Oberoi said.

One-third of Naukri.com's revenue comes from the IT sector, the company said. The company's revenue model is fee-based - employers pay fees for posting jobs and accessing the company's database of candidates' resumes.

"Directly we get about 25 per cent of our revenues from IT companies and indirectly through recruitment firms who also hire for IT companies we get another 10-12 per cent," Mr Oberoi said.

The company also offers people looking for jobs services like resume development or personalised help in fast-tracking their job search.

"10 per cent of our revenue comes from candidates... of course people can apply for jobs for free but if they want to get their resume developed or if they want to fast forward their job search, we have some tools which help them with that," Mr Oberoi said.

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