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Hiring activities grow by 4% in October: report

Sector-wise,oil & gas witnessed monthly growth of 30 per cent in hiring.

Written by PTI | New Delhi |
November 11, 2013 3:05:56 pm

Encouraged by signs of economic recovery,hiring activities grew across most of the sectors including oil & gas and insurance in October,says a report.

According to job portal Naukri.com’ Job Speak Index – which tracks monthly hiring activities online – recruitment in the country were up by 4 per cent in October compared to September.

Sector-wise,oil & gas witnessed monthly growth of 30 per cent in hiring while insurance sector registered an increase of 25 per cent compared to September.

These were followed by telecom,BPO and pharmaceutical sectors which showed increase of 20 per cent,11 per cent and 7 per cent respectively,the report said.

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However,hiring activities in sectors such as media & entertainment and construction & engineering have shown a decline of 7 per cent and 6 per cent last month.

“The current economic situation has started showing signs of recovery and this sentiment is getting echoed in the hiring pattern of the companies,” Info Edge (India) Group President Finance and CFO Ambarish Raghuvanshi said.

Region-wise,Bangalore witnessed the maximum improvement in hiring trends with 7 per cent increase in October over September followed by Hyderabad with a growth of 6 per cent.

Besides,National Capital region (Delhi-NCR) and Mumbai saw an increase of 3 per cent each in October while hiring in Chennai rose by 2 per cent.

“Monthly comparison shows Pune witnessing no growth while Kolkata was down by 7 per cent in October 2013 as compared to September 2013 due to the festive season,” the report said.

The Naukri Job Speak index includes both online jobs as wells as those acquired from the existing clients by the job portal’s tele-calling team. Naukri.com is the flagship brand of internet company Info Edge.

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