Gone are days of pink slips, layoffs and termination as there is a good news for Indian Labour market. Most of the recruiting firms are claiming that there would be increased hiring in the coming months especially in sectors like IT, insruance, communications, healthcare etc. Even the naukri.com JobSpeak Index climbed up by 8.38 % in November 2009 as compared to October 2009. Naukri.com’s JobSpeak is the monthly job index that shows the hiring trends across various business sectors based on real job listings.
These are some highlights of Naukri.com’s JobSpeak report :
- Overall 8.38% increase in hiring activity.
- Hiring up in India metros and big cities like Delhi, Mumbai, Hyderabad and Bangalore. These cities have witnessed a growth in hiring activity by 4.82%, 9.93%, 11.21% and 8.46% in November ‘09 as compared to October ‘09
- Boom in Insurance Sector also.
- Good news for IT & HR professionals: The demand for professionals in the HR/Admin and IT software sector bounced back by 15.3% and 7.84% in November ‘09 as compared to October ‘09
Improvement in economies of developed nations like the United States, UK and Japan is also one of the main reasons for increased hiring in India. However there is concern in market that economic revival is due to stimulus packages. Once government removes these packages, millions of jobs will vanish. Anyways, service sector people are happy as they are busy in updating their resumes on job portals and getting better offers.
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After recession it is good time to us..