Press Release

Naukri Job speak DEC-Bangalore-2014

January 8 2015

Naukri Job Speak Index depicts a 17% increase in hiring activity in December &rsquo14 over December &rsquo13

  • IT and BPO sectorsrecorda 12% and 9% yoy increase in the December &rsquo14 Job Speak Index
  • Demand for IT Software professionals grew by 18% yoy in December &rsquo14 as depicted by the Job Speak Index while for ITES professionals, it was 7% in the same period

Bangalore, 8th January 2015:
The Naukri Job Speak Index for Bangalorewas at 1684 inthe month of November2014, registering a 17% increase in comparison to December 2013. Key industries of IT and ITES witnessed a 12% and 9% yoy growth in the hiring activity for the same period.
V Suresh, Executive Vice President and Chief Sales Officer, said, &ldquoHiring in the Silicon Valley of India is moving north, thanks to the sustained hiring activity in sectors like IT AND ITES.Looks like the year 2015 will be a good year for jobseekers in the city of Bangalore as we expect the domestic demand to pick up in the next few quarters.

Industry Sector Analysis:
A detailed analysis revealed that the key sectors of the city IT and ITES saw an increase of 12% and 9% respectively in hiring over the year. The BFSI sector also recorded a very healthy 17% yoy growth as depicted by the Job Speak Index. However, two other relevant sectors for the city, Telecom and Construction & Engineering registered a year on year decline in hiring activity of 12% and 1% respectively in December 2014. 
Functional Area Analysis:
The job speak index brings good news for IT-Software and ITES professionals with the demand for such professional increasing year on year by 18% and 7% respectively. Hiring for Accounts & Finance professionals registered a high growth of 21% but the demand for Production & Maintenance professionals and Engineering Design professionals declined year on year by 7% and 3% respectively in December 2014. 
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Srishtee Sharma