India Inc's hiring activity picked up by 1.3 per cent in July with improvement in recruitment in IT, real estate and retail sectors, says a survey by job portal Naukri.Com.
The Naukri's monthly 'JobSpeak index' continued to move upwards and edged up by 1.3 per cent to 727 in July compared to 718 in June.
On a three monthly moving average, the index inched up from 686 in June to 703 in July with industries including real estate, semiconductors, banking, auto and IT, witnessing an improvement, the survey said.
"The uptrend over consecutive months is encouraging. Improvement in hiring activity in lagging industries, such as IT, real estate, retail and auto, echoes optimism. However, continued increases in hiring activity over the next few months will indicate a turnaround in economic activity and in hiring," Info Edge, owner of naukri.Com, National Head Marketing and Communications Sumeet Singh said.
In June, the hiring activity had increased 8.1 per cent over the previous month. Recruitment activity in the IT industry remained in the green with hiring up by four per cent in IT-software, seven per cent up in IT-hardware and networking and three per cent up in ITeS and BPO.
Wednesday, August 19, 2009
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Naukri uses the the number of job postings as an indicator of trends.
ReplyDeleteIt is interesting to probe-if these increased number came from fresh postings/new users? Most corporates and recruiting firms have annual packages-and so the cost of an incremental posting isnt very significant.
In contrast, I would go by the thickness of the 'appointments' supplement in the print media..where every square inch is PAID for!!
As a recruiter, I feel most companies are using job postings to test the quality/price of available talent, essentially to benchmark -and retain their own inhouse talent. One should remember most companies had revised salaries downward-late last year-in a bid to control costs.
I feel most professional companies would first take care of their employees, and reward them before going to buy talent from the market place.
The patient is no longer sick perhaps. It will take a lot more time, endurance, stamina,before he starts running the marathon :-)!