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Industry's hiring activities pick up 21% in June
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SME Times News Bureau | 07 Jul, 2010
The number of staff appointments by the Indian industry grew by 21 percent in June this year compared to the year-ago period, led by the improving business sentiment, according to a new report by an online job portal.
Naukri.com's monthly job index —JobSpeak —moved up to 947 in June this year compared to 784 in the same month of 2009.
The report stated that hiring activity in June also showed an improvement over the previous month as well, with the job index increasing by four percent in June from 913 in May.
"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 naukri.com) COO and Director Hitesh Oberoi told a news agency.
Hiring has been bullish in the first six months of this year, with 22 percent more recruitment seen in the January-June period of 2010 compared to the same period last year.
The IT-enabled service (ITES) sector has been bullish on hiring, with the sector registering a notable growth of 25 percent 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 percent and 11 percent, respectively, in June compared to May.
Demand for professionals in production and marketing moved up by 4 percent in June from the previous month.
Among cities, Delhi, Mumbai and Bangalore witnessed an upsurge in jobs in June, with their job indices moving up by 10 percent, six percent and four percent, respectively, compared to May.
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