'India Inc's hiring up 1.5 pc in Mar 2010'

Posted By: Staff
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New Delhi, Apr 16: India Inc's hiring activity increased to 1.5 percent in Mar 2010, mainly on account of IT-enabled services (ITeS), insurance and auto sectors.

According to job portal's monthly Job Speak survey, the new job index is moving up to 962 in March compared to 947 in Feb due to optimism among recruiters.

"It seems 'cautious optimism' among employers has given way to definite optimism," said Singh.

Among cities, Delhi has emerged as the most bullish on hiring, with the city- wise job index moving up 13 per cent over the last month.

Hiring in ITeS and insurance sectors have seen maximum movement with the index moving up by 13 per cent and 15 per cent, respectively, in Mar over the last month.

Recruitment in the auto sector moved up by 8 per cent and in the pharma sector by 7 per cent in Mar 2010, the report said.

Professionals in production, banking and HR also witnessed increase in hiring by 8-12 per cent in Mar over Feb, the report added.

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