CorporateHiring activity may see upward trend in Q3
Hiring activity is likely to see an upward trend in the third quarter of the current fiscal year, especially in sectors like infrastructure, manufacturing and services other than IT.
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However, sectors like IT, real estate, retail, media and advertising would lag behind in hiring activity in this fiscal year and would take time, said Sanjeev Bikhchandani, managing director of Infoedge (India) Ltd that runs Naukri.com.
He was in the city to participate in eRevolution 2009, which is being jointly hosted by the Punjab government along with Software Technology Parks of India (STPI), in association with Nasscom, TiE and India Angel Networks.
Speaking to Business Standard, he said, “Our Job Index for July 2009 moved up by 1.3 per cent compared with June 2009. Further, there has been a 1.3 per cent rise in overall hiring activity. The overall Job Index edged up 1.3 per cent from 718 in June ‘09 to 727 in July ‘09. We expect that hiring activity in the third quarter of the current fiscal year will pick up especially in manufacturing, infrastructure and services sector other than IT.”
It is worth noting that Naukri JobSpeak is the monthly job index that provides an insight into hiring trends across sectors based on real job listings.
He added that further in the past three months, hiring activity picked up the most for professionals with over 8 years of work experience with Delhi/NCR, Mumbai and Hyderabad witnessing an improvement while Bangalore, Chennai, and Pune witnessing a dip in hiring activity in July 2009.
He said overall hiring activity had increased by 8-10 per cent in the last three months.
He added, “Sectors like IT, real estate, retail, advertising and media would continue to lag compared with other sectors.”