Chennai: City corporates are finally getting out of their recessionary trend and resuming recruitment. Hiring in Chennai is reported to have gone up by 22 per cent in August, thus indicating revival of sentiments and job opportunities. As per the latest statistics, telecom and BPO companies which had frozen recruitments for some time have recommenced hiring. Both sectors have shown an increase of 36 per cent and 26 per cent growth respectively in August over last year, revealed Naukri Job Index for August.
“The job market in Chennai has picked up considerable momentum over the past few quarters given the slow and steady revival of the auto sector and positive trends in the IT/ITeS sectors,” said Mr V. Suresh, chief sales officer at Naukri.com. The auto sector too has seen a growth of 13 per cent in August 2014 over the year ago period. The demand for professionals working in BPO saw the maximum growth with the index moving up by 29 per cent in August, over the same month last year, followed by those employed in the IT and HR sector. Apart from the telecom and BPO sectors, Information Technology (IT), banking, auto and pharma sectors experienced significant year-on-year growth during August. Other areas like supply chain, engineering design, banking and insurance and production maintenance also saw a spike in hiring during the period under review.
“With the festive season round the corner, we can expect hiring to pick up pace in the coming months,” Mr Suresh said. Among metros, the Delhi-NCR region saw maximum growth at 24 per cent hiring in August. It was followed by Bengaluru and Kolkata which have seen a jump of 22 per cent in the same period. Mumbai has seen the least increase in hiring in the previous month with the index moving up by 11 per cent in August, over the corresponding period last year.