India Inc continued to hire at a brisk pace last month with Naukri’s Job Speak index for June rising 19 per cent year-on-year and 4 per cent compared with May 2011.
The sustained hiring momentum is despite fears of an economic slowdown – India’s GDP grew 7.8 per cent in the March quarter, marking the fourth consecutive quarter of decline.
Job portal Naukri.com said its latest ‘Job Speak index’ did not detect any slowdown on the recruitment front and almost all sectors were hiring at a steady pace.
Both Banking and Capital Goods sectors have seen positive hiring momentum, the indices moved up 9 per cent and 7 per cent respectively in June 2011 (compared to the previous month). Hiring in pharmaceutical sector was also upbeat, as the index moved up 9 per cent in June (over the previous month).
“Construction, auto and oil and gas sectors maintained steady hiring levels during the month while telecom saw a dip of 17 per cent in hiring activity compared to May. Both IT and ITeS sectors’ moved up 12 per cent respectively in June 2011 compared to May,” it said.
How cities fared
Hiring activity for Hyderabad, Bangalore and Chennai moved up 15 per cent, 10 per cent and 9 per cent respectively during the period.
Hiring activity for Mumbai moved up 3 per cent, a statement by Naukri.com said, adding that Pune also witnessed steady hiring. However, the job index for Kolkata and Delhi dipped 6 per cent and 4 per cent respectively, the statement said but did not give reasons.