New Delhi: In signs of improved labour market conditions, hiring activities witnessed positive momentum in August as compared to the same period last year, according to two reports released on Wednesday.
Job portals Monster.com and Naukri.com saw their job indices record 14 per cent annual growth in August, reflecting better hiring prospects.
Monster Employment Index, a monthly gauge of online job demand, for August showed that media and entertainment led all the sectors in annual growth.
Meanwhile, Naukri Job Speak Index for August indicated that banking, telecom and pharma sectors maintained steady hiring levels.
"The Monster Employment Index India continues to exhibit a positive momentum in annual growth driven by sustained hiring activity in all major industry sectors like IT-Hardware, Software; and Oil/Gas/Petroleum, Power," Monster.com's Managing Director (India/ Middle East/ South East Asia) Sanjay Modi said in a statement.
Naukri.com said that sectors, including auto and construction saw a decline in hiring activities in August.
"While it is possible that the slowdown in economic activity may lead to some firms lowering down their hiring pace, the reflection of the same on the overall hiring sentiment may be visible around mid-October," Info Edge India's Managing Director and CEO Hitesh Oberoi said in a separate statement.
Monster.com said that Kochi was ahead among all cities in terms of monthly as well as annual growth in online job opportunities.
On the other hand, Naukri.com noted that among metros, "Kolkata and Bangalore recorded yearly growths of 29 per cent and 21 per cent, respectively in August 2011 over August 2010".
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