Indian cos hiring surges 28 percent in August

Bangalore: Corporate India's hiring activity surged 28 percent in August this year, on the back of continued improvement in business confidence and country's robust economic growth, job portal naukri.com.

According to the monthly Naukri Job Speak Index, hiring level rose to 956 in August this year from around 700 levels in same month last year.

"Stability in hiring activity across industries, functional areas and cities echoes continued optimism. Job seekers can, therefore, look forward to a favourable second half of the year, with sectors like Banking, ITES and Construction taking a lead in job creation," owner of naukri.com, InfoEdge CEO and MD Hitesh Oberoi said.

Meanwhile, the job index in August saw a marginal drop as against 963 in July.

"This drop is only marginal and we would not read too much in this as the overall trend is positive. The outlook over the next 5-6 months also looks upbeat for corporate recruitment," Oberoi added.

Among sectors banking, ITes and construction saw impressive hiring figures in August. The sectoral job index of banking sector rose 14 per cent, followed by ITES at six per cent and construction five per cent in August as compared to July this year.

However, the insurance sector saw the steepest monthly decline of 40 per cent in August over the previous month.

Similarly, hiring activity in the Telecom, Oil & Gas and Pharma sectors dipped by 7 per cent, 8 per cent and 14 per cent, respectively over the same time period. However, the three month moving average indices of the above mentioned sectors exhibit steady growth trends.

Among cities, Chennai and Pune saw an upsurge in jobs in August with their job indices moving up by 7 per cent and 5 per cent, respectively over July.

Most of the other cities including Delhi-NCR, Mumbai and Hyderabad saw steady recruitment levels over the same time period.


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Source: PTI