Happy times are back for job seekers and recruiters. Hiring activity in the top industrial sectors is forging ahead strongly, said a study by job portal naukri. com. Hiring activity in India grew by four per cent in January this year compared to December, 2009, reflecting a continued momentum in recovery, it said.
"With the beginning of the new year, the employment marketplace seems to be moving in a more positive direction. The hiring momentum is expected to move up in most of the key industry sectors as compared to last year," Sumeet Singh, national head- marketing and communications, Info Edge, said.
Naukri. com said its job index at 743 at the start of 2010 indicates "renewed optimism in the environment". The index has been calculated based on job listings added to the site month on month.
According to the study, recruitment in the information technology (IT) and information technology enabled services (ITeS) sectors grew by 10 per cent and 17 per cent, respectively, in January, 2010 after the dip seen in December, 2009. However, hiring fell by five per cent in the banking sector after three successive months of upward movement.
The hiring activity in the auto and oil & gas sectors has risen by four per cent and three per cent, respectively, in January, 2010 compared to December, 2009.
All the metros saw a surge in hiring in January, 2010 compared to December, 2009. According to a year-on-year comparison of the city index, hiring activity in Delhi and Mumbai picked up even as other cities witnessed a continuous path of recovery. Similarly, year-on-year comparison of the top five industry sectoral indices show that hiring activity has started picking up in the auto and banking sectors while other sectors are also moving towards stability.
Six out of the top seven cities show a positive hiring index in January, 2010 compared to December, 2009. In fact, almost all cities saw an increase in the job index in January except Kolkata which witnessed a dip of 6.5 per cent. Hiring activity in Chennai picked up by nine per cent in January, 2010 compared to December, 2009, after dipping for two months in succession.
Delhi, Bangalore and Hyderabad witnessed growth in hiring activity by four per cent, eight per cent and seven per cent, respectively, in January, 2010.
The company said that overall, the index seems to be moving in a positive direction. A similar sentiment was echoed in its recently released Naukri Hiring Outlook Survey where 72 per cent of recruiters had said that new jobs will be created in 2010.
The positive direction in which India Inc's hiring activity has been progressing was shown in another recent study by international recruitment firm Antal International. According to this study, hiring activity has increased considerably since September last year and the current recruitment level is among of the highest globally.
Source : BT
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