The Naukri JobSpeak index for February 2009, which clocked 774, was up 5 percent from January 2009, implying an improved hiring scenario in India from a low in December 2008. The gain in the index, published by classifieds jobs portal Naukri.com, owned by Noida, Uttar Pradesh-based Info Edge (India) Ltd, is reflected in an improved job situation in cities such as Delhi – National Capital Region, Ahmedabad and Chandigarh.

“Selective hiring is happening across most sectors now,” Sumeet Singh, national head, marketing and corporate communications, Info Edge, said about the report. “However, the next few months will be challenging for the industry.”

Hiring activity went up in industries such as oil and gas, auto, construction, insurance, pharmaceuticals and telecommunications. There was a greater demand for sales and business development professionals, as well as production personnel.

Out of the top 13 cities tracked by Naukri.com, seven cities saw an increase in hiring activity in February 2009 as compared to January 2009. The index for Delhi, Chennai, Pune, Ahmedabad, Chandigarh, Baroda and Jaipur moved up. The index for Chandigarh and Ahmedabad moved up by 26 per cent and 39 percent respectively as compared to January 2009.

Mumbai witnessed a decline in hiring activity by 5 percent from January. Hiring slowdown continued in the city.

The classifieds jobs market in India is strongly diversified and spread across newspapers, consultants and online. Singh, although there are no definitive studies done on the classifieds jobs market in the country, it is estimated that the total market size is about Rs 20 billion ($416.67 million U.S.) and about Rs 3-3.5 billion of that is accounted for by online job portals.

 

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