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Hiring activity in India drops in Sept

Source : IBNS
Last Updated: Tue, Oct 09, 2012 12:01 hrs

September witnessed a bleak hiring sentiment across Kolkata. Key sectors of the city sectors like IT, BPO have seen a drop in hiring levels in Sep-12 when compared to Aug-12, according to Naukri Job Speak Index.

Among top sectors, Construction is only sector to witness double digit growth (11%) in hiring activity in Sep-12.

On an overall level, hiring activity for India Inc 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.

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.

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.

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