Auto sector hires most in October: Study

Auto sector hires most in October: Study

New Delhi: The auto sector, which is riding the wave of increased demand and robust economic growth, generated the most number of job opportunities in October, says a study.

“An in-depth analysis shows that the index for the Auto sector stands at 917 in October’10, which is the highest index for the sector since October’08," shows the study named ‘Naukri Job Speak´ prepared by the leading job portal under its industry sector analysis.

The Oil and Gas sector also clocked impressive growth figures of 12% in October’10 as compared to the previous month.

“A look at the index for the past two years shows that there is usually a seasonal dip in hiring during the festive season. However, this year the sentiment is encouraging as sectors like Auto, Oil and Gas, ITES and Manufacturing continue to hire aggressively," Info Edge India CEO and MD Hitesh Oberoi said.

Most of the other industry sectors like IT/ITeS, IT- Hardware, Manufacturing and Construction continue to maintain steady hiring levels.

“For the coming months, macro and micro economic changes will impact the hiring plans in the country. For example if the rupee continues to strengthen export oriented sectors like IT, small and medium size industries will be impacted," Oberoi added.

However, telecom, IT-Software and Banking saw marginal declines of 6%, 4% and 2% in October’10 as compared to September’10.

“This dip is seasonal in nature and can be attributed to the ongoing festive season," the study says.

As per the functional area analysis, the hottest skill sets for the month of October’10 were banking, production and accounts where the index moved up by 11%, 8% and 5%, respectively in October’10, as compared to September’10.

All other key functional areas like HR, marketing, project management and advertising clocked good growth figures.

“Overall, the index seems to be moving at a steady pace indicating a positive hiring sentiment across most markets and industry sectors for the coming months," the study added.

As per the city wise, Pune was at its highest ever in October’10 and saw growth of 83% on year-on-year comparison.

While, Bangalore, Chennai and Delhi witnessed dip in the index when compared to the previous month.