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| 'India Inc's hiring activity drops 6% in Dec' |
| Press Trust of India / New Delhi Jan 20, 2010, 17:00 IST |
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India Inc's hiring activity witnessed a slowdown in December, a fall of 6 per cent compared to the previous month, mainly due to year-end holiday season impacting employers' recruitment plans, says a survey by job portal naukri.com.
The naukri.com's monthly job index -- JobSpeak -- fell to 713 points in December 2009, from 760 in November.
However, the three-month average index reflected a more "steady hiring scenario", the survey said.
On a three-month moving average basis, the job index (including jobs added and jobs refreshed) moved up by 0.5 per cent, it added.
"The decline in hiring activity in December is due to the end-of-the-year holiday season and we have witnessed this in the past years as well. As employers continue to express confidence and business sentiment grows one expects to see more opportunities in 2010," InfoEdge (owner of naukri.com) National Head-Marketing and Communications Sumeet Singh said.
Moreover, a sectoral analysis clearly shows that hiring activity in the pharma and healthcare sector bounced back by 11.5 per cent in December, compared to November, after a successive dip in the sector index for the past four months.
In contrast, the demand for IT and ITeS professionals saw a drop by 5 per cent and 20 per cent in December 2009 over November owing to the end of year holiday season overseas.
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