Daily NewsView All News
Recruitment activity in India is poised to improve this year, driven primarily by sectors such as IT and ITeS (IT-enabled Service), after hiring remained largely unchanged in December compared with the previous month, reports zeenews.india.com.
Ambarish Raghuvanshi, Group President of Finance for Indo Edge (India) Group, commented: “The hiring landscape, which is currently holding steady with a slightly positive bias in India, is set to improve since bellwether sectors; such as IT ITeS have shown signs of growth, with the Naukri Job Speak Index for IT growing at an average of +5% in the past three months.”
As 2014 is an election year, Naukri.com expects companies to go into expansion mode, either ahead of the results or after the polls and as a result there will be an uptick in hiring activities of companies here, Mr Raghuvannshi added.
The Naukri Job Speak Index, which tracks monthly hiring activities online, stood at 1,296 in December, a +13% increase compared with the same month last year. However, it was unchanged from the level in November 2013.
Business Process Outsourcing (BPO) hiring grew by +33% year-on-year. Other top-performing sectors include pharmaceuticals and telecommunications, with the index moving up by +16% and +7%, respectively.
There was increased demand for professionals in the IT and BPO sectors, as well as in finance. In contrast, there was a drop in demand for employees in banking, insurance, and supply chain management.
Of the metropolitan areas, Delhi and Hyderabad witnessed the biggest improvement in hiring trends in December compared with last year. Chennai was the only metropolitan region that reported a fall in the job index last month, registering a -4% year-on-year drop.