Hiring sees 23% growth in September: Report

NEW DELHI: Hiring activity expanded 23 per cent last month and the upward trend is expected to continue in the coming months, says a report.

The Naukri Job Speak Index for September was at 1,518 indicating 23 per cent growth in hiring, compared to the same month last year.

On a month-on-month basis, the index witnessed a growth of 2.70 per cent during September as against August 2014.

“The Naukri Job Speak Index has been growing steadily for the past two months, suggesting a sustained momentum in hiring activity. We expect the upward growth trend to continue in coming months,” Info edge (India) Managing Director and CEO Hitesh Oberoi said.

The hiring sentiment remained positive with sectors such as Banking and IT seeing an increase of 52 per cent and 34 per cent respectively last month, compared a year ago.

Apart from the Banking and IT sectors, the oil & gas and pharma sectors have also seen a growth of 35 per cent and 28 per cent respectively in the index in September.

The demand for professionals working in HR and banking sectors grew the most with the index moving up by 35 per cent and 36 per cent respectively.

Professionals employed in the IT and supply chain functions saw year-on-year growth in hiring of about 32 per cent and 29 per cent respectively in September.

Amongst the metros, Bangalore and Pune saw maximum growth, y-o-y. That was followed by Hyderabad and Chennai which saw 23 per cent and 20 per cent growth respectively.

Cities such as Mumbai and the Delhi NCR region have also seen y-o-y growth of 18 per cent and 17 per cent respectively. Kolkata shared their optimism with its hiring index moving up by 15 per cent last month.

From: http://economictimes.indiatimes.com/

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