Hiring activities see upward trend in May

Jobs market improved in May 2011 over the previous month with sectors like Telecom, Insurance and Banking leading the job index in hiring, according to Naukri.com's monthly job index. 

IT- Software, ITES and Pharma sectors also maintained steady hiring levels. Capital goods and construction sectors, however, saw a 4% dip in their hiring activity respectively in May 2011 compared to April 2011, Info Edge said in a statement. 

The overall hiring sentiment continues to be positive and the gains have touched almost every sector of the economy, reveals the Naukri Job Speak index. 

Hitesh Oberoi, CEO and MD, Info Edge India said: "The first half of 2011 has been very encouraging as the job scenario has been upbeat across sectors. However with the improving job market and healthy appraisals, the key challenge now is to retain proven employees." 

The hottest skill sets for the month of May 2011 are professionals in Banking and Marketing as their index moved up by 18% and 11% over April 2011. The demand for professionals in IT Software, Accounts and ITES also moved up. 

In terms of levels, hiring activity picked up across all experience brackets within the range of 2% and 3%. This indicates that hiring across all experience levels has been steady over the last month. 

The Job Speak index is derived from job listings added to the site every month. The index includes both online jobs as wells as jobs acquired from existing clients. To calculate the index, job listings added to the site in July 2008 have been taken as the base. The subsequent months have been indexed with data of July 2008.