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Surge in recruitment across sectors in Nov: report

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:22 AM IST

In a reversal of the sluggish trend witnessed in the previous month, hiring activities surged across all sectors in November due to a "seasonal spike" in recruitment, according to a report.

Job portal Naukri.Com today said most industries ramped up their recruitment activities last month following the festive season lull.

However, the portal cautioned that it remains to be seen whether this trend is sustained or is just a temporary surge.

The monthly Naukri Job Speak index -- an indicator of online job demand -- showed that hiring activities moved up across all sectors last month in comparison to October, signalling a "seasonal spike".

Meanwhile, the three-month moving average index indicates a more stable scenario.

"The index bounced back sharply in November after hitting a 12-month seasonal low in October due to the festival season. It remains to be seen whether this bounce back sustains or is just a temporary surge as companies make up for the lack of hiring in October," Info Edge CEO and MD Hitesh Oberoi said in a statement.

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Naukri.Com is a part of the Info Edge Group.

Hiring activity in the construction, auto and banking sectors was similar to September, 2011, but was 20%, 34% and 21% higher than in October, 2011.

"The IT-software, BPO and telecom sectors, on the other hand, exhibited strong hiring trends, with the job speak indices moving up by 29%, 18% and 14% in November over October," the statement said.

On a monthly basis, demand for professionals in production and software services climbed by 30%.

"The demand for professionals in sales, accounts and HR moved up by 35%, 31% and 22%, respectively, over the same time period," it added.

In terms of cities, Delhi, Mumbai and Bangalore witnessed hiring activities jump by 39%, 37% and 31%, respectively, in November in comparison to the previous month.

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First Published: Dec 13 2011 | 12:33 PM IST

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