Indian companies hiring activity soars 21% in June

Indian companies hiring activity soars 21% in June

New Delhi: India Inc’s hiring activity grew by 21% in June this year compared to the year-ago period, led by the improving business sentiment, job portal said in a report.’s monthly job index -- JobSpeak -- moved up to 947 in June this year compared to 784 in the same month of 2009.

Hiring activity in June also showed an improvement over the previous month as well, with the job index increasing by 4% in June from 913 in May, the study revealed.

“Companies are actively hiring now and have shed their ‘wait-and watch’ policy. The hiring growth in June is secular in nature, with a balanced rise seen across all sectors and cities," Info Edge (owner of COO and director Hitesh Oberoi said.

Hiring has been bullish in the first six months of this year, with 22% more recruitment seen in the January-June period of 2010 compared to the same period last year.

“The first half of 2010 has been very encouraging, as most of the key industry sectors have been able to move out of the slowdown phase and are heading towards recovery," Oberoi added.

The IT-enabled service (ITES) sector has been bullish on hiring, with the sector registering a notable growth of 25% in the job index for June compared to May.

Other key industry sectors such as telecom and oil and gas exhibited strong hiring growth, with the sectoral job indices moving up by 14% and 11% respectively, in June compared to May.

On his outlook for the months ahead, Oberoi said, “Second half of 2010 is expected to create increased opportunities, as indicated by the increased GDP figures of the country."

Among cities, Delhi, Mumbai and Bangalore witnessed an upsurge in jobs in June, with their job indices moving up by 10%, 6% and 4%, respectively, compared to May.

Similarly, demand for professionals in production and marketing moved up by 4% in June from the previous month, he said.