Hiring activity picks up by 1.3%

Tuesday, August 18, 2009

Indian market is slowly picking up its pace though it not much affected by recession, the market recruitements or growth activities had been slowed down earlier. We have seen inflation rate going to negative values. Companies stopped hiring the employees rather they fired some many employees out of the companies. Layoffs was the only word heard in the corporate world earlier.

Now the good news is companies started recruiting the employees. Specially Indian market is seeing the increase the percentage of recruitements by the companies. India inc's hiring activity picker up by 1.3 % in the month of july with the improvement in recruitement in IT, real estates and retail sectors.

As per the survey of Naukri the largest job portal of india says that monthly 'JobSpeak index' continued to move upwards and edged up by 1.3 percent to727 in July compared to 718 in June.

On a three monthly moving average, the index inched up from 686 in June to 703 in July with industries including real estate, semiconductors, banking, auto and IT, witnessing an improvement, the survey said.

"The uptrend over consecutive months is encouraging. Improvement in hiring activity in lagging industries, such as IT, real estate, retail and auto, echoes optimism. However, continued increases in hiring activity over the next few months will indicate a turnaround in economic activity and in hiring," Info Edge, owner of naukri.com, National Head Marketing and Communications Sumeet Singh said.

In June, the hiring activity had increased 8.1 percent over the previous month.

Recruitment activity in the IT industry remained in the green with hiring up by four per cent in IT-software, seven per cent up in IT-hardware and networking and three per cent up in ITeS and BPO.

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