Hiring Surge in Banking and Telecom: What May 2011 Trends Mean for Job Seekers

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Both the banking and telecom sectors experienced a significant upsurge in hiring activity, with job indices increasing by 24% and 13% respectively in May 2011 compared to April 2011. IT-software, ITES, and Pharma sectors maintained steady hiring levels in May 2011. A year-on-year comparison reveals that hiring activity in all key metros saw double-digit percentage growth in May 2011. The most in-demand skill sets for the month were professionals in banking and marketing, with their index rising by 18% and 11% in May 2011 compared to April 2011. Overall, the Naukri Job Speak index for April 2011 stood at 1089, which is 2% higher than the levels in April 2011.
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