Hiring in Bangalore up 13% from last year

A year-on-year comparison of the sectors shows a growth of 12% in September 2013

The Naukri Job Speak Index of Bangalore has witnessed an increase of 13 per cent in hiring in September 2013 from the last year, even as it showed a 3 per cent decline from August.

Hiring in the most important sector -IT Software - is stable compared with August 2013. A year-on-year comparison of the sectors shows a growth of 12 per cent in September 2013.

Recruitment in the banking sector also increased 6 per cent from the previous month. Ambarish Raghuvanshi, group president - finance and CFO Info Edge (India) Ltd said, "Amid the period of slowdown and the downward movement of the Indian Rupee, the job market has improved marginally. In the Sept'13 job index, the effect of the current situation of uncertainty and speculation is evident."

"No current trend is currently seen as a month of downward bias (August) is followed by a marginal increase. A three-month movement is likely to show clearer direction," he added.

A detailed analysis of the industry sector reveals that IT software sector is at 1,461in September '13 (using July '08 as base with 1,000) is 12 per cent higher from a year ago.

The sector shows stability in hiring in September over the last month. ITES, Construction and Banking are other sectors showing growth in the range of 5-7 per cent in September '13 compared to August '13.

On a year-on-year analysis, hiring in ITES sector has gone up by 42 per cent as compared to September 2012.

Automobile and telecom sector has seen the highest month-on-month growth with hiring activity going up by 10 per cent and 14 per cent in September 2013 respectively when compared to the previous month.

Hiring in a few important sectors like insurance, pharma and oil & gas has gone down in September '13 when compared to August '13. These sectors have witnessed a dip in hiring by 12 per cent, 6 per cent and 3 per cent respectively.

But on a year-on-year comparison in recruitment in the pharma sector has shown an increase of 7 per cent in September '13 over September '12.Demands for professionals working in most of the sectors have recovered in September '13 over August '13.

ITeS sees maximum hiring of professionals with 37 per cent new induction in September '13 over September '12. Professionals in project management, production and engineering have seen the highest monthly increase in hiring with the index going up by 12 per cent, 11 per cent and 9 per cent respectively in September '13 compared to the previous month.