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Hiring in Indian firms up 17% in February

Hiring in Indian firms up 17% in February
PTI
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First Published: Wed, Mar 17 2010. 02 53 PM IST
Updated: Wed, Mar 17 2010. 02 53 PM IST
New Delhi: India Inc’s hiring activity was up 17% in February with telecom and auto sectors leading the rebound, a report by leading job portal Naukri.com said.
The naukri.com’s monthly Job Speak survey reflected renewed optimism among recruiters, with the new job index moving up to 947 in February compared to 808 in January.
This time the portal has introduced its new and expanded job index, which takes into account not only the jobs posted online by its clients but also those made by them with the help of the website’s tele-calling team.
A year-on-year comparison of the job index shows a 14% growth in February this year compared to the same month last year.
“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 said.
Hiring activity for the top 10 industry sectors saw positive growth last month with telecom registering a 27% growth in the reviewed month compared to same month last year.
The recruitment in IT-software and auto sectors moved up by 24% and banking and insurance rose 14% in February, it said.
The IT sector has been witnessing a rapid growth in hiring and this trend is also reflected in the demand for IT software professionals, where the functional area job index moved up 24% in February.
Professionals in sales and accounts also witnessed an increase in hiring by 18-19% in February over January, the Naukri.com report said.
Overall, the index seems to be moving in a robust manner with hiring moving up across all industry verticals, functional areas and cities.
Among cities, Hyderabad emerged most bullish on hiring, with the city-wise job index moving up 25% in the last month. Chennai witnessed a growth of 21%, Delhi 12% and Bangalore 11% in February.
While, hiring activity for Kolkata picked up 21% last month, after two successive months of dip in the index.
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First Published: Wed, Mar 17 2010. 02 53 PM IST