CorporateHiring activity up 4.1% in September: Naukri JobSpeak
Hiring activity is finally gathering steam among the Indian corporates. The job index increased by 4.1 per cent in Septmeber 2009 as compared to August 09, said the findings of Naukri JobSpeak. On the three month moving average, the index inched up from 715 in August ’09 to 719 in September’09.
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Hiring activity went up across all experience levels. The highest growth was registered in the hiring for freshers and trainees which has gone up by 39 per cent.
September’09 saw a positive trend across sectors and cities. The report covering 41 industries shows a double digit increase in hiring activities across 14 industries in September. A single digit increase was reflected in 13 sectors whereas 11 functional areas reflected a dip.
ITES, BPO saw a significant push in hiring for September’09 by 18.3 per cent as compared to August’09. Real Estate and Retail bounced back in September’09 with an increase by 36.8 and 12.2 per cent respectively but are still considerably away from August’08 levels.
Out of the top 13 cities, Mumbai, Chennai and Delhi/NCR saw an upward trend in hiring at 9, 8.4 and 3.5 per cent respectively. Smaller cities like Ahmedabad and Vadodara witnessed double digit growth at 11.8 and 12.5 per cent respectively.
“The secular trend is positive across sectors. Had it not been for an early festival season we may have seen further improvement in the index. The good news is that the IT and BPO sectors which are big employers especially at entry and junior levels seem to be in positive territory after a long time,” said Hitesh Oberoi, COO and Director, Info Edge.
However, Banking & Finance and Oil & Gas saw a drop in hiring activity by 6.5 per cent and 4.6 per cent respectively in September’09 as compared to August’09.