Naukri's job index for Bengaluru shows 20% growth in June quarter

Sectors like IT-software, telecom and IT-hardware saw an increase of 23%, 21% and 19% respectively

The Naukri Job Speak Index for Bengaluru rose 20% year-on-year for June quarter, at 2,278 in June 2015 indicating a 20% increase in the hiring activity in comparison to June, 2014.

Industry-wise too, hiring sentiments was upbeat with sectors like IT-software, telecom and IT-hardware seeing an increase of 23%, 21% and 19% respectively in their hiring levels in the same time period. Consulting services saw a strong increase of 28% in their hiring activity in June 15' over June 14', followed by IT-software with 26% increase.

An analysis of the index reveals that among the key sectors of the city, as mentioned above, accounting / finance saw a robust of 79% in hiring over the year. Telecom also saw hiring going up 21% during the same period. However, core sectors of the city, construction & engineering remained stagnant and real estate saw a dip of 19% over the year.

The job index has spelt good news for IT software professionals with the sector continuing to hire experienced talent. Meanwhile, the demand for IT-hardware professionals remained stable in June 2015 over June 2014.

Sectors like accounts, HR and banking / insurance also continued to hire and showed 22%, 19% and 18% rise respectively over the year. However, hiring of ITeS and packaging saw a downward movement with the index moving down by 4% and 8% respectively in the same period.

The Naukri Job Speak Index for June 2015 stood at 1749, recording an 11% increase in hiring activity over June 2014. While the maximum increase in hiring was recorded in the accounting/finance industry, banking, IT-software, IT-hardware and telecom industries too showed an upsurge in hiring.

Hiring in sectors like oil and gas, auto and real estate witnessed a Y-o-Y decline in the June'15 index over June'14. While, the hiring sentiment in metros like Mumbai, Bengaluru and Kolkata recorded an upward movement, Delhi-NCR was stagnant in hiring activity in the June '15 index.

V Suresh, Executive Vice-President and Chief Sales Officer, Naukri.com, said, "Job market continues to sustain the momentum gained in April and May with an 11% growth in June. Sectors like IT, banking and pharma lead the show right now and we can expect the other sectors to start looking up in the next few months or so."