Happy times ahead for job-seekers

Updated on: Wednesday, January 19, 2011

Reflecting the positive sentiment among recruiters, an eight per cent rise has been seen in hiring in the city in December 2010 compared to November 10, according to Naukri.com, a recruitment platform.

Traditionally, December witnesses a dip in hiring owing to the end of year holiday season but this year the scenario has been stable though some sectors saw a downtrend. Thus, in contrast to last year when a subdued mood pervaded in the employment scenario, this year has been one with increased confidence. Companies have been buoyant creating job opportunities and hiring the right talent, says Hitesh Oberoi, CEO and MD, Info Edge India.

He says job seekers can look forward to happy times ahead as Job Street will start gaining momentum in the first quarter and accelerate by mid year. An in-depth analysis of the indices shows that auto, oil and gas and construction sectors registered positive monthly growths of 8 per cent, 5 per cent and 4 per cent respectively in December 10 over November 10.

Interestingly, hiring activity in the telecom sector dipped to an all time low with the job index moving down by 16 per cent in the same period. Hiring activity in the IT- software sector maintained steady hiring levels this month while hiring in the BPO and banking sectors dipped marginally by 4 per cent and 3 per cent respectively. Nevertheless, on a year-on-year basis the IT sector is up by 28 per cent, ITES is up by 29 per cent and banking is up 11 per cent during the same period.

The hottest skill sets for the month of December 2010 were production and maintenance where the index moved up by 8 per cent. The hiring activity for professionals in sales and project management moved also up by 5 per cent and 4 per cent respectively. In contrast, demand for professionals in software development dipped marginally by 2 per cent and demand for ITES professionals dipped by 6 per cent. This dip can be attributed to the end of year holiday season, the website report says.

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