September witnessed a mixed hiring sentiment across India Inc: Naukri Job Speak Index

The job market has considerably slowed down over the last six months and key sectors are adopting a cautious hiring approach.

Oct 09, 2012 03:10 IST India Infoline News Service

September witnessed a mixed hiring sentiment across India Inc. Some sectors like Construction, Insurance and Auto witnessed stable hiring levels, while sectors like IT, BPO and Banking have seen a drop in hiring levels in Sep-12 when compared to Aug-12. On an overall level, the job speak index has been dipping consecutively for the last three months.  Hiring levels for Sep-12 are 6% lower than what it was three months ago

“The job market has considerably slowed down over the last six months and key sectors are adopting a cautious hiring approach. The job market will hopefully start looking up once the GDP growth picks up momentum” said Hitesh Oberoi, Managing Director and CEO, Info Edge India

 
Industry Sector Analysis:
In Sep-12 hiring activity did not see much action for key sectors like Auto, Pharma, Oil & Gas Telecom, and Hospitality, indicating that recruiters are adopting a wait and watch mode. Although Construction sector is one of worst affected sectors and has been consecutively witnessing low hiring numbers for the past one year, the recruitment trends for Sep-12 show hiring activity pick up by 11% when compared to August. IT and BPO companies have also seen lower hiring numbers with the index going down by 3% and 4% respectively in Sep-12 over Aug-12.
 
Functional Area Analysis:
Mirroring hiring trends of IT and BPO sector, the demand for professionals working in these sectors saw hiring levels dip by 4% respectively in Sep-12 over Aug-12. Production and Accounts sector professionals saw a marginal 2% increase in their hiring numbers, while HR and Banking professionals saw no movement in the recruitment front over the last one year.

 City Wise Analysis:
All the top cities have seen lower hiring numbers over the last one month, barring Hyderabad and Pune which saw stable hiring levels. Mumbai, Bengaluru and Chennai saw hiring activity dip by 5% respectively in Sep-12 when compared to Aug-12. Delhi saw a marginal 1% dip in hiring in Sep-12 when compared to Aug-12, while Kolkata saw a 17% dip, after three months of consecutive upward movement in the index.

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