Hiring in Hyderabad up 7%
Hyderabad: A year on year analysis for Hyderabad revealed that hiring picked up by 7% in August 2016 over August 2015. Among the key sectors of the city, IT- Software and Pharma registered a year on year growth of 11% and 5%, respectively, in the hiring activity.
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 sectors of IT Services, BPO and BFSI.” He added, “While bigger metropolitan cities continue to drive this growth, good to see the emerging markets showing signs of revival & we can expect this trend to continue in the coming quarters.”
A detailed Industry sector analysis revealed that among the key sectors of the city, IT-Software and ITES saw hiring going upwards by 11% and 16% respectively during the same period last year. However, Real Estate saw a dip of 33% over the year followed by Telecom, which witnessed a decline of about 14%.