Hiring activity in Bangalore dips 4% in July '09: Naukri JobSpeak

Prominent industries in Bangalore include IT and ITeS. Although there has been an uptrend in hiring in these industries, companies in Bangalore seem to be cautious about hiring. IT industry remained in the green with hiring activity up by 4 per cent in IT-Software, 7 per cent  up in IT-Hardware & Networking and 3 per cent  up in ITeS and BPO. Banking and Financial Services was down by 7 per cent , while insurance was down by 3 per cent.

On the national level, the index edged up by 1.3 per cent  backed by a slight improvement in hiring activity in IT-Software and BPO industries. The index scaled to 727 in July ’09 as compared to 718 in June ’09.  “On the national level, the uptrend over consecutive months is encouraging. Improvement in hiring activity in lagging industries, such as IT, real estate, retail and auto, echoes optimism. However, continued increases in hiring activity over the next few months will indicate a turnaround in economic activity and in hiring,” said Info Edge, National Head - Marketing and Communications, Sumeet Singh.  Among other cities, Delhi, Mumbai and Hyderabad saw an improvement, while Chennai and Pune saw a dip, in hiring activity. Hiring was up in pharma, auto and IT industry. July ’09 witnessed an increase in demand for people with over eight  years of work experience.

Industry analysis
Hiring activity in the IT industry remained in the green as well as retail, real estate and auto picked up.

Hiring activity remained stable across most industries in July ’09 as compared to June ’09.

IT industry remained in the green with hiring activity up by 4 per cent  in IT-Software, 7 per cent up in IT-Hardware and networking and 3 per cent up in ITeS and BPO. Hiring activity continued to soar in the pharma and biotech industry, with the index up by 10 per cent. Indicating some revival, hiring activity in auto and auto ancillary, real estate and retail, went up by 11 per cent, 16 per cent and 10 per cent respectively.

Hiring activity in telecom saw a dip of 10 per centin July ’09 as compared to June ’09.
Functional area
Hiring activity was marginally affected across departments in July ’09 as compared to June ’09. Sales and business development professionals and accountancy professionals saw hiring activity inch up by 4 per cent and 5 per cent respectively. Hiring went up marginally in IT - Software by 4 per cent. There seemed some emphasis in hiring in engineering design: research and development where hiring went up by 16 per cent. On a continued uptrend, demand went up by 2 per cent for hospitality professionals with the index at an all-time high at 1083.

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