Improving business sentiment among recruiters coupled with growing market optimism indicates a cheerful employment scenario as indicated by the Naukri Job Speak index which moved up to 947 in June 10 as compared to 913 in May 10.
The 4 per cent jump in the index shows that hiring is on a growth mode on a month-on-month basis. The Information Technology Enabled Services (ITES) has been bullish on hiring as the sector registered a notable growth of 25 per cent in June 10 over the May10 index. On a year on year comparison, the job index moved up by 21 per cent in June-10 as compared to June-09.
“The second half of 2010 is also expected to create increased opportunities as indicated by the increased GDP growth figures in the country,” said Hitesh Oberoi, Director and COO, Info Edge. “The first half of 2010 has been very encouraging as most of the key industry sectors have been able to move out of the slowdown phase and are heading towards recovery,” he added.
A deeper analysis of the job index reflects a buoyant hiring scenario as key industry sectors such as ITES, Telecom and Oil and Gas exhibited strong growth in hiring with the index moving up by 25 per cent, 14 per cent and 11 per cent respectively in June 10 as compared to May 10. Moreover key cities like Delhi, Mumbai and Bangalore witnessed an upsurge in jobs in June 10 with the index moving up by 10 per cent, 6 per cent and 4 per cent in June 10 over May 10.