IT & BPO hiring weak in December

Perhaps it is a sign that Indian industry is starting to get out of the cautious mood, perhaps it is just a blip, but the Naukri hiring index is showing a 7% rise in activity in December 2012.

The rise is in contrast to the traditional dip that accompanies the October-December festival season in India. The hiring activity was higher by 3% compared to November as well.

“December has always been a month where recruitment slows down across sectors, however this year barring minor dips in IT, ITES and Oil & Gas sector hiring activity has picked up across all the other major sectors,” Naukri said.

“Job creation in this quarter will take place in the new emerging growth sectors rather than the traditional ones,” Hitesh Oberoi, CEO of InfoEdge, which owns, said.

Telecom, Pharma, Construction and Insurance sectors moved up 11%, 8%, 7% and 6% respectively in Dec-12 over Nov-12.

Auto and Banking sectors were particularly strong.

IT and ITES sector saw a marginal 2% and 1% dips in their hiring levels in Dec-12.

“This is primarily because these sectors are impacted by the holiday season in the western countries , their main markets. On a month on month comparison, hiring activity for the Oil and Gas sector also dipped by 3% in Dec-12 over Nov-12,” Naukri said.

Barring Software services and ITES, all top functional areas witnessed positive growth figures in Dec-12. “The demand for Professionals in Engineering, Supply Chain and Banking moved by 10% , 13% and 18% respectively in Dec-12 over Nov-12. Both project management and marketing professionals saw 10% positive movement in their indices in Dec-12 when compared to Nov-12,” Naukri said.

Activity levels for both Mumbai and Pune moved up by 8% respectively in Dec-12 over Nov-12. Delhi and Chennai saw 6% and 3% movement in their hiring activity, while Bengaluru, Kolkata and Hyderabad saw 4%, 5% and 8% dips in their hiring levels.