NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » Business » Hiring activities improve in October

Hiring activities improve in October

November 07, 2012 16:42 IST

Job adsIn signs of improved labour market conditions, hiring activities picked up marginally in October, boosted by banking and BPO sectors, says a survey.

The uptick in hiring in October came after three consecutive months of decline, according to job portal

"Hiring activity for October 12 is three per cent higher than what it was last month.

However, this does not mean revival in India Inc's employment scenario, but does indicate slight improvements in the sectoral hiring activity," it said in a statement on Wednesday.

Naukri Job Speak Index -- an indicator of monthly online hiring activities -- rose to 1,162 last month from 1,131

in September.

Info Edge India CEO Hitesh Oberoi said that most employers are cautiously optimistic about their hiring plans.

"Most recruiters will continue with selective hiring for the next few months," he added. is part of Info Edge.

According to the statement, banking and business process outsourcing sectors have seen maximum movement in their hiring activity with the job speak index moving up by 15 per cent and 11 per cent, respectively, in October compared to September.

"Both, auto and telecom sector saw hiring activity pick up by six per cent, respectively, during the same time period," it said.

© Copyright 2018 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.