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Rediff.com  » Business » BPO, ITes: Hiring down 22% in Apr

BPO, ITes: Hiring down 22% in Apr

May 21, 2009 19:28 IST

Corporate India's hiring activity saw a decline in April, with the business process outsourcing and IT enabled services industry registering the sharpest drop of 22 per cent, a report by job portal said.

Naukri.com's JobSpeak index fell 4.7 per cent to 677 in April compared to 711 in March, but the drop was not that sharp as in the previous month, the report said.

"In the past we have always seen a slight slowdown in hiring in the months of April/May when companies get busy with planning for the year," Info Edge (India) Hitesh Oberoi COO and director said.

BPO and ITeS were was most severely affected industries, which saw a sharp drop of 22 per cent in hiring activity in April, even as most of the other industries saw a marginal drop when compared to March, the report revealed.

The insurance sector saw a decline for the second consecutive month, with hiring witnessing a dip of 11 per cent, compared to March 2009.

Meanwhile, Banking and Financial Services saw an improvement in hiring activity by 4 per cent.

Hiring in IT, construction and engineering, auto and auto ancillaries sectors moved down marginally by 2 per cent, the report added.

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