Hiring activity in Bangalore up 10 pc in June : Naukri JobSpeak

 The index moved up from 562 in May’09 to 619 in Jun’09.  Most of the industries saw a push in hiring activity in Jun’09 as compared to May’09. Prominent industries in Bangalore include IT and ITeS. On a national level Hiring in these industries went up during Jun’09. While BPO & ITeS inched up from 763 to 770, the push came in from IT - Software, where hiring activity went up by 10% in Jun’09 as compared to May’09.

On a national level, the Naukri JobSpeak index at 718 indicates an uptrend in hiring activity by 8.1%, as compared to 664 in May’09. It is the highest upward movement since Jul’08, indicating a strong hiring sentiment coming back to the market. The three-monthly moving average went up marginally to 686, from 684 in May’09. Hiring activity saw a significant push in Banking & Finance and IT.

Mumbai picked up hiring activity after several months of stagnancy. Of the top 13 cities, 12 cities recorded an uptrend in hiring activity. Hiring activity in Mumbai picked up by 13% in Jun’09 as compared to May’09 after falling for several months in succession. Chennai and Pune saw a pick up in hiring activity by 19% and 15% respectively, in Jun’09 as compared to May’09.

Industry Analysis:

Banking and  Financial services saw an increase by 22%. A surge in hiring activity pushed up the indices for most of the industries. Hiring activity in Banking and  Financial services saw an increase by 22% in Jun’09 as compared to May’ 09.

Real estate and Retail saw an increase in hiring by almost 25%, with both  the industries pulling out of the low hiring mode.

Telecom saw a comeback with hiring activity picking up by 17%, in Jun’09 as compared to May’09.

After several months of a downtrend, hiring activity in IT-Software improved by 10%, while IT- Hardware and BPO& ITeS remained stable in Jun’09 as compared to May’09. With the index at 967, hiring activity for Education inched close to July’08 levels. (July’08 represents the start of the index). FMCG and Consumer Durables saw a drop in hiring activity by 8% and 14% respectively.

Hiring for IT-Professionals is back in action

Analysis of the functional areas most populated with jobs, Jun’09 brought in cheer, with indices going up across most of them. Hiring for IT-Professionals is back in action with an increase of 12% in the index of IT-Software and IT- Hardware professionals in Jun’09 as compared to May’09.

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