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Naukri.com: Job Index indicates 22% growth in new hiring in September 2010

According to a study by Info Edge India’s job portal Naukri.com, the job market witnessed a marginal 1.2 per cent drop in new hiring in September 2010, as compared to a month ago and a growth of 22 per cent as compared to a year ago. JobSpeak, an index that showcases the current job scenario, states that the overall job index in September 2010 was 943, as compared to 956 in August 2010 and 773 in September 2009.

According to a study by Info Edge India’s job portal Naukri.com, the job market witnessed a marginal 1.2 per cent drop in new hiring in September 2010, as compared to a month ago and a growth of 22 per cent as compared to a year ago. JobSpeak, an index that showcases the current job scenario, states that the overall job index in September 2010 was 943, as compared to 956 in August 2010 and 773 in September 2009.

An in-depth analysis of the index shows that the IT sector has significantly ramped up recruitment activities with the job index steadily moving in a positive direction for the past three months. In September 2010 the index moved up by 45 per cent from 718 in September 2009 to 1047 in September 2010. However, the hiring activity in the Insurance sector, during the same period, dipped by 58 per cent.

“Hiring activity in the IT sector is back to the pre-recession levels. Key IT players in the country are acquiring multiple projects from India as well as overseas which has led to this boom,” Hitesh Oberoi, CEO and MD, Info Edge India, has said. “The dip in the insurance sector was anticipated as insurance firms have been groping for ways to reduce headcount, post IRDA regulations.”

The job index has been calculated based on new jobs added to Naukri.com by clients and jobs acquired from Naukri.com’s existing clients by its tele-calling team month on month. According to Info Edge India, more than 35,500 national and international clients used Naukri.com in 2009-2010, leading to high reliability of data.

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