IT-Software, Insurance, Oil & Gas and Auto - See Maximum Dip in Hiring In March
Industry Sector Analysis:
A detailed analysis of hiring activity shows that almost all key industry sectors have seen dipping indices in Mar-13 when compared to the previous month barring the Pharma, Construction and BPO sectors with a growth of 14 percent, 8 percent and 6 percent respectively. Media & Real Estate has also seen increase in index with 5 percent and 7 percent respectively. The Oil & Gas sector has witnessed maximum dip in hiring by 13 percent, while Software Services and Auto sectors saw hiring activity correcting by 5 percent and 4 percent respectively when compared to Feb-13.
Functional Area Analysis:
The hiring activity for professionals in functional areas like Banking and Insurance has shown a record dip of 13 percent in Mar-13 over Feb-13. Other key sectors like IT, Accounts, Marketing and HR have also witnessed lower hiring numbers in the range of 3 percent to 7 percent. On the other hand ITES sector has increased by 8 percent in Mar-13 over Feb-13.
City Wise Analysis:
Among the metros, Bengaluru and Pune maintained steady hiring levels, while Hyderabad witnessed 5 percent upward movement in the index in Mar-13 over Feb-13. Delhi & Mumbai saw a 5 percent dip in hiring, whereas Chennai saw the maximum dip of 11 percent among the top seven cities, after two months of consecutive upward movement.