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India – Recruitment moving into positive direction

12 March 2013

Hiring sentiments in India’s formal sector was +9% higher in February when compared to a year ago, with the pharma, IT and BPO sectors posting increased activities. The latest job index by local job board Naukri.com found that recruitment prospects are looking brighter than in 2012.

“It is interesting to note that the recruitment scenario is moving in a positive direction. However, this year, firms will be more particular about recruiting the right talent and increments will also be rolled to employees with meaningful contributions to the firm,” said Hitesh Oberoi, CEO at Info Edge India, the company behind Naukri.

But sectors like banking, oil and gas, telecom and insurance saw dips in hiring levels, ranging between -9% and -13%. The auto sector posted flat hiring levels while capital goods (+9%), software services (+5%) and the pharma (+2%) sector all posted growth in hiring levels.

In February, the highest demand was seen for professionals in HR, software services and accounts domains. Sales and engineering design professionals were also much sought after while demand for banking professionals unsurprisingly dropped during the month.

Barring Hyderabad which saw stable hiring levels, hiring activity grew across major cities, particularly in Pune and Kolkata, Delhi, Mumbai, Bangalore and Chennai. 


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