Hiring activity up 1% in Bangalore, says Naukri

Prominent industries in Bangalore include IT and ITeS. IT industry saw a decline in hiring activity, with the index declining by 3 per cent in IT-Software, 6 peer cent in IT-Hardware & Networking and 7 per cent in ITeS and BPO. Banking & Financial Services and Insurance saw an increase in the index by 11 per cent and 23 per cent respectively.

Hiring activity is steadily picking up across sectors including Insurance, Banking and IT among others. However, the market seems to be testing waters before consolidating its stance on hiring, said Info Edge National Head  Marketing and Communications Sumeet Singh. August saw varied trends across cities. Hiring activity moved up in 4 of the 13 cities tracked. Barring Banking and Insurance, there was a secular downward trend in hiring activity across industries and experience levels.

Bangalore and Mumbai saw stability in hiring activity. Out of the top 13 cities, 4 cities including Bangalore and Ahmedabad saw a slight improvement in the index in August as compared to July. Delhi-NCR saw hiring activity slackening, the index declined by 4 per cent in August as compared to July. Hiring activity in Mumbai and Kolkata remained stable, with the index declining by less than a percent. Chennai and Pune saw a drop in hiring, the index declined by 6 per cent and 5 per cent respectively.  As per the three month moving average, among the top 7 cities, Delhi NCR seems to have recovered the most with its three month moving average picking up since May.

Industry Analysis

Insurance, Banking and Financial Services saw a substantial increase in hiring. Hiring activity witnessed a downtrend across industries in August as compared to July. Banking & Financial Services and Insurance saw an increase in the index by 11 per cent and 23 per cent respectively. Hiring in Education industry increased, index went up by 9 per cent.
IT industry saw a step-down in hiring, with index declining by 3 per cent in IT-Software, 6 per cent in IT-Hardware & Networking and 7 per cent in ITeS and BPO. Construction and Engineering saw a drop in hiring activity, the index declined by 7 per cent. Hiring activity in