Hyderabad sees bullish hiring activity in Feb 2010

Posted By: Staff
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New Delhi, Mar 17: Leading job portal Naukri.com has found that the hiring activity of India Inc surged by 17 per cent in Feb 2010, signaling a renewed optimism among recruiters.

In a monthly survey, the portal found that the new job index moved up to 947 in Feb 2010 as against 808 in Jan 2010. Compared to the situation in Feb 2009, there was growth 14 per cent in the job index in the month under study.

"Recruitment activity accelerated in February, reflecting underlying strength and positive momentum in the job market. The 'cautious optimism' that pervaded throughout the last year and a half has evaporated as most industry sectors are now looking to hire," Info Edge COO Hitesh Oberoi is quoted as saying in a news agency report.

The hiring activity was the highest in telecom and auto sectors. All of the country's top ten industry sectors have shown positive trends.

Telecom registered an annual growth of a 27 per cent while IT-software and auto sectors moved up by 24 per cent and banking and insurance grew 14 per cent in Feb 2010.

Hiring in the field of sales and accounts also saw a rise of 18-19 per cent in Feb 2010 in comparison to Jan 2010.

Hyderabad topped the list of cities with 25 per cent growth in job index. After two months of negative trends, hiring activity in Kolkata went up by 21 per cent.

During the month under study, Chennai recorded a growth of 21 per cent, Delhi saw 12 per cent growth and Bangalore 11 per cent increment in hiring activity.

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