India Inc Hiring Activity Dips for All Sectors in August-2013: Naukri Job Speak Index

New Delhi: The Naukri Job Speak index at 1206, was 9 percent lower in August’ 13 when compared to July’ 13, the maximum dip witnessed for the year, however, at the same time, the index shows an increase of 5 percent when compared to August’ 12. All the top metros witnessed a dip in hiring levels indicating caution in the business and recruiting environment, with the highest dip in Kolkata. For most of the sectors also, the hiring activity has taken a dive on a month on month basis. Pharma has suffered the highest dip with the job index going down by 14 percent in Aug’ 13 over July’ 13. However on a y-o-y basis, maximum jobs were created in the ITES sector with the jobspeak index showing growth of 28 percent over August, last year.
Mr. Hitesh Oberoi, MD and CEO Info Edge (India) Ltd said “Hiring is bound to come under pressure in an unstable macroeconomic environment. In such a situation most companies focus only on replacement hiring. Hopefully the worst will be behind us soon and the market will start looking up in the 2nd half of this year.”
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