Hiring activity in B'lore up by 8.46 per cent in November '09

Prominent industries in Bangalore include IT and ITeS. IT industry saw an increase in hiring activity in November ’09 by 5.35 per cent .

Hiring for IT-professionals is back in action after the dip in October ’09 with an increase of 7.8 per cent  and 21.8 per cent  in the index of IT-Software and IT- Hardware professionals in November ’09 as compared to October ’09.
“As this year heads towards an optimistic finish, new horizons seem to ensure a promising year ahead. These are reflected in an improved and encouraging business sentiment thus clearly indicating there has been a steady revival at the job scenario.

The next step is to look for a contained momentum towards recovery” said Info Edge National Head - Marketing and Communications Sumeet Singh.
Hiring activity saw a significant push across all sectors with auto, insurance and telecom sectors seeing a double-digit percentage growth.
 All the metros have seen a surge in the hiring and Pune has finally picked up on hiring activity after four successive months of decline in the job index.  
City wise analysis: Out of the top seven cities, six cities saw an uptrend in hiring
The city wise analysis indicates a positive hiring sentiment   across India with 9 out of top 13 cities showing an increase in the job index.

Hiring activity in Pune picked up by 18.04 per cent in Nov’09 as compared to Oct ’09 after dipping four months in succession. Delhi, Mumbai, Hyderabad and Bangalore witnessed a growth in hiring activity by 4.82 per cent, 9.93 per cent, 11.21 per cent and 8.46 per cent in November ’09 while in the tier-II segment, Coimbatore and Chandigarh witnessed a decline in hiring activity by 14.26 per cent and 10.07 per cent in November ‘09 as compared to October ‘09.

However on a three month moving average index there has been a marginal decline in decline of 3.5 per cent in Coimbatore and 2.9 per cent in Chandigarh. The figures for the smaller cities tend to be volatile due to relatively small database

Industry Analysis:  Auto, insurance and telecom sectors saw double-digit percentage growth
A surge in hiring activity pushed up the indices for most industries. Hiring activity in auto/auto ancillary, insurance and telecom sectors whose indexes had dipped in October’09 was up by 17.38 per cent, 22.98 per cent and 19.29 per cent respectively in November ’09. IT and oil and gas sectors saw an increase in hiring by 5 per cent and 8.8 per cent respectively indicating comeback in hiring activity. With the index at 1033, hiring activity for insurance surpassed July’08 levels. (July’ 08 represents the start of the index).Pharma and Biotech has seen a continued dip in hiring activity since Aug’ 09.

Functional Area / Department: Hiring for IT-Professionals is back in  action
Analysis of the functional areas for November ’09 brought in cheer, with indices going up across most of them. Hiring for IT-Professionals is back in action after the dip in October ’09 with an increase of 7.8 per cent and 21.8 per cent in the index of IT-Software and IT- Hardware professionals in November’09 as compared to October ’09.

Index of total jobs
On total jobs (this includes refreshed jobs), the index has moved up by 10 per cent from 745 in Oct ’09 to 819 in Nov ’09. The movement was sharper as compared to New Jobs. In the last six months the index has peaked to 819 for the first time and thus proves that markets have opened up and the demand for jobs are on a steady increase