×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Indian companies hiring activity drops 6% in Dec

Indian companies hiring activity drops 6% in Dec
PTI
Comment E-mail Print Share
First Published: Wed, Jan 20 2010. 05 01 PM IST
Updated: Wed, Jan 20 2010. 05 01 PM IST
New Delhi: Indian companies’ hiring activity witnessed a slowdown in December, a fall of 6% compared to the previous month, mainly due to year-end holiday season impacting employers’ recruitment plans, says a survey by job portal naukri.com.
The naukri.com’s monthly job index -- JobSpeak -- fell to 713 points in December 2009, from 760 in November.
However, the three-month average index reflected a more “steady hiring scenario”, the survey said.
On a three-month moving average basis, the job index (including jobs added and jobs refreshed) moved up by 0.5%, it added.
“The decline in hiring activity in December is due to the end-of-the-year holiday season and we have witnessed this in the past years as well. As employers continue to express confidence and business sentiment grows one expects to see more opportunities in 2010,” InfoEdge (owner of naukri.com) National Head-Marketing and Communications Sumeet Singh said.
Moreover, a sectoral analysis clearly shows that hiring activity in the pharma and healthcare sector bounced back by 11.5% in December, compared to November, after a successive dip in the sector index for the past four months.
In contrast, the demand for IT and ITeS professionals saw a drop by 5% and 20% in December 2009 over November owing to the end of year holiday season overseas.
Comment E-mail Print Share
First Published: Wed, Jan 20 2010. 05 01 PM IST
More Topics: Hiring | India | Companies | InfoEdge | Sumeet Singh |