ADVERTISEMENT
Hiring up marginally in September, but employers still wary
PTI
Last Updated IST

As per Naukri.com and Monster.com employment indices -- a monthly gauge of online job demand -- there was a marginal rise in hiring activities in September.

However, job portal Naukri.com said that some sectors like "ITeS and banking have started witnessing a dip in the index".

On an annual basis, both the Naukri Job Speak Index and Monster Employment Index witnessed double-digit growth last month, compared to September, 2010.

"Corporate India is likely to see a deceleration in hiring activity in the coming months as both employers and employees adopt a 'wait and watch' approach amid a global economic slowdown and volatile markets," Info Edge CEO and MD Hitesh Oberoi said in a statement.

Naukri.com is a part of the Info Edge group.
Monster.com Managing Director (India/Middle East/South East Asia) Sanjay Modi said in a separate statement that its index saw a positive trend last month "as opportunities continue to exhibit double-digit annual growth".

In terms of sectors, Naukri.com pointed out that the telecom, insurance and BPO sectors witnessed a slump in monthly hiring activities.

"The index for telecom and BPO sectors dipped by 9 per cent, respectively, in September when compared to August, while hiring activity in the insurance sector saw a 11 per cent dip during the same period," it added.

On the other hand, Monster.com data showed that the banking/financial services and insurance segments recorded strong annual growth and edged up month-on-month.

Modi noted that sectors like banking, as well as related occupations such as finance and accounts, saw a notable uptick in hiring activity, despite the uncertain global economic environment.

ADVERTISEMENT
(Published 11 October 2011, 13:58 IST)