Press Release

City release Job speak May 15 -Bangalore

June 8 2015

Bangalore saw a 5% increase in the hiring activity in May 15&rsquo over May&rsquo14&rsquo: Naukri Job Speak Index

  •  BFSI remained at the top with maximum growth of 53% in May 2015 over May 2014
  • The demand for professionals increased in the sectors like Banking / Insurance, Pharma and IT-Software whereas IT-Hardware / Telecom and ITES have recorded depreciation in May&rsquo15 index

 

Bangalore, June 8, 2015:
The Naukri Job Speak Index for Bangalore was at 2006 in May 2015 indicating a 5% increase in the hiring activity in comparison to May 2014. Industry wise too, hiring sentiments looked upbeat with sectors like IT-Hardware, IT-Software and Telecom seeing an increase of 3%, 2% and 2% respectively in their hiring levels in the same time period. Banking and Financial Services saw a strong increase of 53% in their hiring activity in May 15&rsquo over May 14&rsquo.
Industry Sector Analysis:
A detailed analysis revealed that among the key sectors of the city, as mentioned above, BFSI saw a robust in hiring over the year. Telecom also saw hiring going upwards by 2 in the same time period. However, core sectors of the city, Construction & Engineering and real estate saw a dip of 12% and 21% respectively over the year.
Functional Area Analysis:
The job index spelt good news for IT Software professionals with the sector continuing to hire experienced talent. Whereas, the demand for IT-Hardware professionals went down by 9% in May 2015 over May 2014. Sectors like BFSI, Pharma and Accounts also continued to hire and showed 22%, 7% and 1% rise respectively over the year. However, hiring of ITES and Top Management saw a downward movement with the index moving down by 14% and 7% respectively in the same period.
About Naukri.com
Naukri.com, India&rsquos No. 1 job site and the flagship brand of Info Edge introduced the concept of e-recruitment in India. Since its inception in 1997, Naukri.com has seen continuous decline while outperforming its competitors in every sphere. Info Edge was the first internet Company to be listed in India. The site enjoys a traffic share of 69% as per Comscore. Naukri.com is a recruitment platform that provides hiring-related services to corporates/ recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, listings and Response Management Tools. With more than 1, 25,000 jobs live at any point and over 38 million CV&rsquos, Naukri.com serviced over 48000 corporate clients in 2013-2014. The company employs over 3100 people operating through 56 offices in 42 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.