All izz well in Chennai, Naukri says

Feel as if you have sitting on top of the plateau for quite some time now? Fret not. Naukri says its time you revisited your CVs and resumes and kept them updated ” the job market's opening its doors once again. Naukri Job Speak, the employment monitoring index of placement services firm, has found that the hiring activity in the Indian job circuit has withstood the test of the global recession, and is growing at 9% in March '10.

After witnessing a 2% plunge in hiring activity Chennai is optimistic that the recruitment scene will improve further following the three month moving average index registering a 9% rise in hiring trend from Feb '10 to March '10 on a three month average index.

On the national level, as compared to Feb'10 the job index moved up by 1.5% in Mar'10 which points at a steadily improving hiring scenario.

Looking at stability in job market IT, ITeS, pharma and telecom, some key sectors in Chennai seems to be on a positive trajectory in terms of hiring activity. "The consecutively upward moving job index in the first quarter of 2010 reflects that the "cautious optimism' among employers has given way to "definite optimism'," said the National Head, Marketing and Communication, Info Edge, Sumeet Singh.

An analysis of both national and state level sectors showed an improving hiring environment in majority of industry sectors as reflected by the upward moving of three month indices. The ITeS and pharma sectors have seen a positive movement in the recruitment front in March 2010, with the index moving up by 13% and 7% respectively in March over February 2010. Naukri.com Hiring Outlook survey in January 2010 also reflected a similar scene with 85% IT sector recruiters and 72% construction and engineering sector recruiters predicted creation of new jobs in 2010.

The demand for professionals in ITeS, production, banking and HR saw registered increase in recruitment processes individually clocking 13%, 12%, 8% and 7% respectively in March, than it did in February 2010.

Since it inception in 1997 and with more than 1,400 people operating through 54 offices in 37 cities in India and overseas, Naukri.com, the flagship brand of Info Edge, has almost revolutionised the hiring concept not only in India, but across the continent.