BENGALURU: There’s been a small rise in hiring activity in August 2016 over the same period last year. A year-on-year analysis for Bengaluru has revealed that hiring picked up by 5 per cent in August 2016.
Among the key sectors, IT-software and pharma registered a year-on-year growth of 11 per cent and 5 per cent, respectively, whereas telecom saw a decline of 13 per cent over the same period last year.
V Suresh, Chief Sales Officer, Naukri.com, said, “As predicted earlier, the job market seems to sustain the momentum gained in the past few quarters. The August index is moving north primarily driven by growth in IT services, BPO and BFSI.”
“While bigger metropolitan cities continue to drive the growth, it is good to see the emerging markets showing signs of revival and we can expect this trend to continue in the coming quarters,” Suresh added.
A detailed analysis revealed that among the key sectors of the city, IT-Software and BPO/ITES saw hiring rise 11 per cent and 16 per cent respectively during the same period last year. However, real estate saw a dip of 33 per cent over the year followed by telecom, which witnessed a decline of about 14 per cent.
The job index spelt good news for IT professionals with the sector continuing to hire experienced talent. The demand for professionals in the sector saw an increase of 14 per cent in August 2016 over August 2015.