Survey shows jobs up by 18 per cent, but it will be a long time before the market can touch pre-recession levels
Survey shows jobs up by 18 per cent, but it will be a long time before the market can touch pre-recession levels
The job marketu00a0 in Bangalore is up by 18 per cent since December last year, according to a survey by a job portal.
Naukri.com's survey says Bangalore saw an increase in new jobs by 18 per centu00a0 in January 2009 as compared to December 2008. Things seem to have got better in Kolkata, Delhi, Hyderabad and Pune too.
Small improvement
The overall job index for the country now stands at 738 reflecting a marginally improved hiring scenario in January, which was five per cent more than December.
But there're miles to go if one looks at figures before the recession set in. Since July 2008, there has been a 26.2 per cent decline in new jobs.
Most industries saw a positive hiring scenario in January 2009. The job index for information technology-enabled services (ITES)u00a0 and the business process outsourcing (BPO) industry was especially better with it moving up by 28 per cent. IT, sales, project management, accounting and banking professionals also saw an upward movement.
The teaching and hospitality sectors inched up above the July-2008 levels, indicating a robust job scenario in these sectors. Niche industries including legal, government and defence continued to see an increase in jobs, with the index above the July-2008 levels.
Will take time
Commenting on the report, Hitesh Oberoi, COO and director, Info Edge (India) Ltd, said, "The downtrend in jobs was arrested to an extent in January. However, it may be a while before we see a recovery."
The index has been calculated based on new jobs added to the site month on month. July 2008 has been taken as the base month with a score of 1000 and the August 2008 January 2009 index is compared with data for July.
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