India Inc hiring activity rises 22% in Sept: Naukri.Com

Hiring by India Inc surged by 22 per cent in September this year, driven by improved confidence in the economy, a report by job portal Naukri.Com said.

According to the monthly Naukri Job Speak Index, hiring level rose to 943 in September this year, from 773 in the same period last year.

"The stability of the Naukri Job Speak index for the past four months clearly indicates a steady hiring scenario and improved business sentiment in the country," the report noted.

However, when compared to the data in August--956, the job index in September has seen a marginal drop of 1.2 per cent.

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 per cent from 718 in September last year.

"Hiring activity in the IT sector is back to the pre- recession levels. Key IT players in the country are acquiring multiple projects from India as well as overseas, which has led to this boom. Software professionals can hence look forward to a favourable hiring environment over the next few months," Info Edge CEO and MD Hitesh Oberoi said.

Apart from IT, telecom and pharma sectors also maintained steady hiring levels.

However, the insurance sector has witnessed the highest- ever decline in September. Hiring activity in the sector fell by 58 per cent 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 per cent and 29 per cent, respectively in September over previous month.

Almost, all the other key industry sectors, auto, construction, oil & gas and banking have registered a dip in their indices ranging from 2-5 per cent.

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.