The new Naukri Job Speak index at 947 for Feb-10 as compared to 808 in Jan-10 indicates a positive hiring sentiment among recruiters and jobseekers.
A similar sentiment is echoed in the old job index (includes only jobs posted online by clients) as well, where the job index moved up by 14% in Feb?10 overJan?10. This clearly shows that the tidings in the job market has seen stability over the past few months and major industry sectors like IT, ITES, Auto and Banking have started hiring again.
Hitesh Oberoi, COO, Info Edge said ?The recruitment activity accelerated in Feb?10 reflecting the underlying strength and positive momentum in the job market. The ‘cautious optimism’ that pervaded throughout the last year and a half has evaporated as most industry sectors are now looking to hire?.
A detailed analysis of the Job index shows that hiring activity across functional areas have moved up with IT software, Sales and Production witnessing the highest growth.
All cities show a positive hiring index with Hyderabad being most bullish on hiring in Feb-10 over Jan?10. Although majority of industry sectors show an upsurge in hiring activity but job index for the Telecom sector at 850 is the highest index for the sector in the last six months. The job index for all experience brackets moved up with growth ranging between 17-19% in Feb?10 over Jan?10.