Hyderabad: In a recent survey taken up by India’s top job portal Naukri.com 23% people said that they would love to work in Hyderabad as opposed to other
cities and the February job index saw Hyderabad being most bullish on hiring, with both old and the new job index.
The job index of Hyderabad moving up by 29% as and 25% in Feb’10 over Jan’10.
The hiring activity for Kolkata picked up by 21% in Feb’10 after two successive months of dip in the index. Chennai, Delhi and Bangalore witnessed a growth in index by 21%, 12% and 11% in Feb’10 over Jan’10.
On the overall, the new Naukri Job Speak index at 947 for Feb-10 as compared to 808 in Jan-10 indicates a positive hiring sentiment among recruiters and jobseekers. A similar sentiment is echoed in the old job index (includes only jobs posted online by clients) as well, where the job index moved up by 14% in Feb’10 overJan’10. This clearly shows that the tidings in the job market has seen stability over the past few months and major industry sectors like IT, ITES, Auto and Banking have started hiring again.
A detailed analysis of the Job index shows that hiring activity across functional areas have moved up with IT software, Sales and Production witnessing the highest growth. All cities show a positive hiring index with Hyderabad being most bullish on hiring in Feb-10 over Jan’10. Although majority of industry sectors show an upsurge in hiring activity but job index for the Telecom sector at 850 is the highest index for the sector in the last six months. The job index for all experience brackets moved up with growth ranging between 17-19% in Feb’10 over Jan’10.
Both new as well as the old job indices show that most industries are on the track to bounce back to the pre slowdown levels. Telecom sector has witnessed a 27% growth in hiring in Feb’10 over Jan’10. This is primarily because of the introduction of six to seven major operators in the country. The Hiring activity for IT-software and Auto sectors moved up by 24% and Banking and Insurance sectors moved up by 14% in Feb’10 over Jan’10.
The IT sector has been witnessing a rapid growth in hiring and this trend is also reflected in the demand for IT software professionals where the new job index moved up by 24% in Feb’10 over Jan’10.Professionals in Sales and Accounts also witnessed an increase in the new job index by 18% and 19% in Feb’10 over Jan’10. Both the new and the old job index indicates that the top 15 functional areas have seen an upsurge in hiring activity
Overall, the index seems to be moving in a robust manner with hiring moving up across all industry verticals, functional areas and cities.
Source: Press Release