Dip in hiring levels in IT, ITeS sectors

The IT and ITeS sectors, the largest job creators in Hyderabad have seen a marginal dip in the hiring levels despite the overall hiring activity moving at a stable rate, according to the Naukri Job Speak index for May 2012.

The index reflects that monthly growth has been negligible owing to a mixed hiring sentiment across sectors though it is 23 per cent higher than what it was a year ago.

Hiring activity has been positive for Auto, Oil & Gas and Banking sectors with the job speak index moving up by 8 per cent, 6 per cent and 3 per cent respectively in May 2012 the previous month, a press release by Naukri.com said.

The software services and pharma sector has seen stable hiring levels over the last one month.

On the contrary, construction, BPO and telecom sectors have been staggering with low hiring figures for the last few months and have seen dips within the range of 4 per cent and 9 per cent in May this year compared to April.

Caution sign

“Concerns of a global economic crunch and rising inflationary pressures are acting as a caution sign for India Inc. Therefore recruiters of some sectors are on a wait and watch mode. This does not mean that companies have frozen hiring, but they are certainly not going overboard,” according to Hitesh Oberoi, Managing Director and Chief Executive Officer, Info Edge India.

The index further reveals that an in-depth analysis of key functional areas found that the demand for professionals in production and project management moved up by 4 per cent respectively. Professionals in software services also did not witness much activity and hiring maintained steady levels. Professionals in BPO and HR domain witnessed low demand with hiring activity 4 per cent and 3 per cent respectively.