Job level rise by 22% in September: Naukri Job Index
As per Naukri Job Speak Index, hiring by India Inc surged by 22% in September 2010 driven by improved confidence in the economy. Hiring level rose to 943 in September this year from 773 in the corresponding period last year. However, compared to the job index in August 2010, which stood at 956, hiring levels dipped in September by 1.2%. As per data available with Naukri.com, the maximum hiring activity has been witnessed in IT sector, which has significantly ramped up recruitment activities with the job index steadily moving in a positive direction and touched its highest ever point at 1,047. The sector moved up by 45% from 718 in September 2009. Apart from IT, telecom and pharma sectors also maintained steady hiring levels. The insurance sector, however, witnessed the highest-ever decline in September as hiring activity fell by 58% in the period under review when compared to the same time a year ago.
As against August this year, the ITES and insurance sectors saw the steepest monthly decline with the index dipping by 14% and 29%, respectively in September over previous month. Almost, all the other key industry sectors such as auto, construction, oil & gas and banking- registered a dip in their indices ranging from 2-5%. Among cities, Mumbai, Bangalore, Kolkata and Chennai saw an upsurge in jobs in September. On the contrary, Delhi and Pune witnessed a dip in the recruitment levels over the same time period.