Hyderabad The 3rd Best In Hiring Across All Sectors, As Per ASSOCHAM

Hyderabad is picking up pace in hiring in recent months according to a survey done by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) for Jan-June 2014 period.  Hyderabad especially picked up in IT, Healthcare, Banking & Pharma  industries. In terms of growth in hiring, compared to same period last year, Hyderabad, which reported a 32% increase, is 3rd best city, just behind Delhi-NCR region with an impressive 54% and Bangalore which clocked 38%.

Interestingly, Chennai and Mumbai recorded a drop of 15% and 28%, respectively, driving home the point that it is not just the upward moments in financial markets around the world that is making a turnaround in the business mood. With political uncertainty behind, with formation of Telangana, Hyderabad is revving up it’s growth engine.

The inputs on hiring were tracked on a daily basis for vacancies posted by about 2,500 companies via job portals together with advertisements offering job opportunities published in national and regional newspapers across about 32 prominent cities and 20 sectors.
 
Across all sectors, the top locations, Delhi-NCR, Bangalore, Hyderabad and Pune reported the most activity during the January–June 2014. Some of the Tier-II and Tier-III locations like Surat, Vadodra, Nashik, Allahabad, Udaipur, Agra, Ajmer, Kota and Meerut, which have emerged as high growth markets, retained their position.

In the BPO/ ITeS industry, Bangalore recorded a maximum growth (43%), ahead of Hyderabad, in hiring BPO/ ITeS professionals. Chennai reported highest drop (26%) in demand during the period as compared to similar months last year.

In the healthcare/ biotechnology / pharmaceutical industry, there was a growth in demand for talent during March, April and June. Bangalore witnessed a major growth (45%) in demand during January 2014, followed by Delhi-NCR (33%) and Hyderabad (28%). Mumbai registered maximum dip in demand (22%) during this period followed by Chennai (10%). 

The Banking, Financial services and Insurance (BFSI) industry reported the highest growth in demand in the month of January 2014.  Among the key locations, Delhi –NCR, Hyderabad witnessed maximum growth in demand (over 30%) as compared to December 2013.