'India Inc maintains positive hiring outlook in '09' | business | Hindustan Times
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'India Inc maintains positive hiring outlook in '09'

business Updated: Jan 29, 2009 22:03 IST

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The gloomy job scenario worldwide notwithstanding, India Inc maintains a positive hiring outlook for 2009, with nearly 40 per cent predicting addition of new jobs this year, a survey by job portal Naukri.Com says.

The survey of over 1,500 recruiters reveals a positive hiring scenario with 38 per cent predicting addition of new jobs, 37.8 per cent expect replacement hiring, 14.3 per cent expect a freeze and just 9.5 per cent anticipate layoffs, a company statement said.

The statement further stated that over 40 per cent recruiters in pharma, IT, ITeS, retail, telecom and banking feel that there would be creation of new jobs in 2009.

However, jobs in the real estate industry seem to be the most affected, with 16 per cent of the recruiters in the industry feeling that there would be layoffs in the sector in the coming months.

Meanwhile, the jobs market witnessed its worst-ever month in December, 2008, with 10 per cent drop in new jobs as against November last year.

The Naukri.Com Job Index 'JobSpeak' for December 2008 dropped to 697 from 776 in November, indicating a 10 per cent drop in new jobs.

On the report, Hitesh Oberoi, COO and Director, Info Edge India said, "December was worse than expected. In the coming months, no significant recovery is expected, however, it is possible that the index will bottom-out at current levels. In this uncertain environment, visibility remains poor."

On basis of city-wise analysis, Delhi, Bengaluru, Chennai and Kolkata witnessed a decline in new jobs notably Delhi NCR, registered a drop from 841 in November to 697 in December.