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Hiring improves in June; auto, pharma lead
Hiring improved in June with increased job opportunities in auto and pharma businesses, although key sectors such as IT were slow on recruitments, says a survey.
Leading job portal Naukri.com said on Tuesday that hiring was happening in selective sectors.
The latest labour market readings come at a time when the overall economy is witnessing slowdown because of domestic and global factors.
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Hiring improves in June; auto, pharma lead
"Selective hiring is happening across most sectors now. However, the next few months will be challenging for the overall recruitment market in India," Info Edge India managing director and CEO Hitesh Oberoi said.
Naukri.com is part of Info Edge group.
Last month, auto and pharma segments continued to take fresh talent while construction, insurance, oil & gas and ITES sectors went slow on hiring activities.
Naukri Job Speak Index -- an indicator of online job demand -- climbed to 1,210 in June from 1,194 in May.
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Hiring improves in June; auto, pharma lead
Compared to June 2011 -- when the index stood at 1,129 -- hiring trends were better.
"IT sector which is the largest employer of skilled workforce has also slowed down hiring plans and lateral hiring across companies has almost been brought to a halt," the statement noted.
According to Naukri.com, most industries have started feeling the brunt of a slowdown with sectors like construction, ITES, oil & gas and insurance witnessing a decline in recruitment trends on a year-on-year basis.
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Hiring improves in June; auto, pharma lead
"Software services, banking and pharma sector, however, have seen their hiring levels pick up by 9 per cent, 16 per cent and 19 per cent respectively in June-12 over June-11," it added.
Except Hyderabad, where hiring activities slumped five per cent in June this year, compared to year-ago period, all other cities have seen some increase.
"Both Mumbai and Chennai saw about 9 per cent increases in their job speak index, while Delhi, Pune and Kolkata witnessed their hiring activity increase within the range of 3 per cent and 6 per cent, respectively during the same time period," the statement said.