The first month of the fiscal quarter has begun on a positive note, with hiring activity in Bangalore rising sharply, by 36 per cent, in April, 2012, over the corresponding period last year. The index rose 5 per cent for April over March, 2012.
Most sectors do not seem to indicate a slackening on the recruitment front with the IT sector hiring surging over the last few months. The index for IT sector in April, 2012, at 1400 is the highest since its inception (July, 2008) and hiring activity is 18 per cent higher than in March, 2012. A month-on-month comparison also indicates optimism with hiring activity in April, 2012, being 2 per cent higher than in March.
“While hiring in certain sectors has slowed down, most companies are still cautiously optimistic as good talent is difficult to find. Therefore, we do not expect hiring to slow down in the coming months,” said Hitesh Oberoi, Managing Director and CEO, Info Edge India, the holding company of Naukri.com.
The survey has indicated that top sectors of Bangalore have seen optimistic hiring levels. ITeS, auto and banking witnessed stable hiring levels during the month. Both telecom and IT sector witnessed positive movements on the employment front with the index moving up 6 per cent respectively in April, 2012, compared to March, 2012, and by 18 per cent and 29 per cent when compared to the same time a year ago. On the contrary, construction sector witnessed a 6 per cent dip in hiring levels in April over March.
The hottest skillsets for April were professionals in accounts, sales and software services as their index for all three moved up 5 per cent respectively in April over March. Professionals in project management saw steady hiring levels while the demand for professionals in BPO and production saw a 2 per cent dip in their hiring activity.
Do not be surprised if by early next year internet users see internet domain names that ends with .bank, .web, .online, .space and many more.