New Delhi: Notwithstanding the economic uncertainty, fresher recruitment and salary levels have seen a upward trend in the IT and ITeS sector during the January-March quarter of 2012 compared to other sectors in the same period, shows a survey.
   
The survey findings reveal that IT and ITeS Sector had recruited 24 percent freshers in the last quarter of FY'12 of their total hiring, a surge of 9 percent from the year-ago period.
   
Besides, salary level in campus placements was up by 8 percent in IT and ITeS.
   
Overall, recruitment index has risen by 11 percent in January-March quarter to 24 percent.
   
Among the nine industries surveyed, infrastructure sector recruited 21 percent freshers, followed by engineering and manufacturing and automobile sector (18 percent), retail (16 percent) and FMCG (14 percent).
   
"The fresher's hiring trend this year looks upbeat with IT majors recruiting more compared to last year. The fresher's recruitment market had seen growth in terms of number of hiring and salary," said Rajesh Kumar, CEO, MyHiringClub, which conducted the survey.
   
However, fresher recruitment in banking and financial services, telecom had taken a beating in fourth quarter of 2012 in comparison to same period last year.
   
Further, hiring in banking and financial services declined by 2 percent to 13 percent and dipped by 4 percent to 9 percent in telecom sector.
     
The survey, which was done among nearly 900 employers and over 1,200 institutes, said the growth of salary level in campus placement was low in banking and financial services as it grew by two percent and rose a dismal one percent in telecom space.
   
In terms of geography, Bangalore, hub of IT and ITeS companies witnessed a maximum fresher recruitment of 24 percent followed by Delhi-NCR (21 percent), Chennai (18 percent), Mumbai (15 percent), Hyderabad (13 percent) and Kolkata (10 percent).
   
Talking about outlook, Kumar said: "global concerns would not have a impact on the fresher recruitment in the current year though it might be an issue later.
   
"Even if various economic issues in the developed countries have an impact on the Indian industry, the fresher recruitment would not be the first to get affected by this."

(Agencies)

 

Latest News from Business News Desk