ITeS hiring on an uptrend in Chennai

News Posted - 2010-07-08

The improving business sentiment among recruiters coupled with growing market optimism has moved up Naukri Job Speak index for Chennai to 866 in June 2010 from 853 in May. On a year-on-year comparison, the job index for Chennai moved up by 19 per cent in June 2010 compared to June 2009.

“This evidently reflects that hiring is on a growth mode on a month on month basis as indicated by the upward moving indices of majority of industry sectors and functional areas,” according to Naukri Job Speak.

One of the key industry sectors in Chennai, ITeS has been bullish on hiring as the sector registered a growth rate of 25 per cent in June 2010 over the May 2010.

“The second half of 2010 is also expected to create increased opportunities as indicated by the increased GDP growth figures in the country,” commented Hitesh Oberoi, director and chief operating officer of Info Edge.

He added that the first half of 2010 has been very encouraging as most of the key industry sectors have been able to move out of the slowdown phase and are heading towards recovery.

A month-on-month comparison of the index shows all industries and functional areas moving in a positive direction indicating a buoyant hiring scenario.

Key industry sectors like ITeS, telecom and banking witnessed an uptrend in hiring with the index moving up by 25 per cent, 13 per cent and 11 per cent in June 2010 over May. The IT-hardware sector witnessed a nine per cent increase in hiring activity, while the IT-software and auto sectors witnessed a stable hiring scenario. Thus, key sectors in Chennai -- IT, ITeS, banking and financial services -- all seem to be on a positive path.

A month-on-month growth analysis of the functional areas shows that professionals in ITeS and BPO sectors were much in demand as the index moved up by 22 per cent.

The demand for professionals in production and marketing moved up by four per cent respectively in June 2010 over May 2010. Similarly professionals in IT-software, sales and project management witnessed stable hiring scenario as the index moved up marginally by one per cent as compared to May 2010.

BS 8/7/10