Job mkt improving; see jump in hiring ahead: Info Edge

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Job mkt improving; see jump in hiring ahead: Info Edge

In an interview with CNBC-TV18, Hitesh Oberoi, COO, InfoEdge spoke about the job scene in India in 2010, their marketing alliance with The Wall Street Journal, and gave an outlook on the company's business.

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With India recovering at a faster than expected pace from the global meltdown, hiring plans and the pace of recruitment is expected to return to pre-recession levels in FY11.

Job seekers across various sectors are already seeing a favourable environment in the first quarter of calendar year 2010. With jobs raining at IIMs, the trends emerging from the placement season seem to indicate that 2010 hiring expectations across industry sectors are very positive.

A recent survey conducted by Hewitt Associates pegs salary increases for 2010 in India at 10.6% and Indian-owned companies are expected to outperform multinational companies.

In an interview with CNBC-TV18, Hitesh Oberoi, COO, Info Edge spoke about the job scene in India in 2010, their marketing alliance with The Wall Street Journal, and gave an outlook on the company's business.

Here is a verbatim transcript of the interview. Also watch the accompanying video.

Q: What is the scene out there at Info Edge. You have an index of measuring increases in jobs. How much has it shot up in this quarter vis-à-vis the last quarter and could you take us through your tie up with WSJ as well?

A: The job market is improving for sure. Our index which we track on a monthly basis has been improving month after month and while the numbers of February are not out as yet, February looks stronger than January for sure.

The market definitely across sectors is now improving. Earlier, we saw recovery in just a few sectors. But in this quarter we have seen a recovery in the IT market as well. So the outlook is very positive and people are generally very bullish about what is going to happen going forward.

As far as our tie up with WSJ is concerned, it is a pure marketing and content alliance. So we are going to power the job section on the WSJ India site and we will be sourcing content from WSJ for our users.