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Hyderabad may face a dip in hiring across sectors in the second half of 2012, according a hiring outlook survey by online job site naukri.com.
The job site is the flagship brand of Info Edge
The survey revealed that about only 62 per cent recruiters anticipated new job creations in the second half of the year, compared to 72 per cent in the beginning of the year.
A sectoral analysis of the city showed sectors such as ITES and telecom registering a four per cent and eight per cent growth in hiring respectively in July as compared to the previous month. “The IT sector, which is the largest employer of skilled workforce in the city, has slowed down their hiring plans. The overall job index thus remained stable over the last few months,” the survey revealed.
Domestic growth
The beginning of 2012 had brought hope and optimism for Hyderabad’s overall job market, but the ongoing global uncertainty and shrinking capital inflows affected overall domestic growth.
“The overall recruitment market in the Hyderabad is very challenging and most recruiters are staffing smartly. However, unlike the last downturn, which came like a jolt, this time around companies are more prepared and cautious,” Managing Director and CEO of Info Edge India Hitesh Oberoi said.
Slowdown
The report says that most industries have started feeling the brunt of a slowdown. The banking sector has seen the highest month on month dip with hiring activity going down by 16 per cent in July when compared to the previous month.
Similarly, the oil and gas and auto sector saw recruitment levels dip by 2 per cent and 4 per cent respectively over the same time period.
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