A slow demand in the IT and ITes sector has pushed down the growth of Bangalore according to a survey by Monster Employment Index. The city grew by only 4% in May compared to Coimbatore's which shot up by 31%.
Baroda grew by 25% and Mumbai by 22% according to the index while Chandigarh and Ahmedabad were slow at 11%.
Amongst industries, oil and gas generated maximum amount of interest and grew at 30% in May compared to same period last year. While the IT industry showed a 21% growth, the lowest was recorded by telecom sector at -10%.
"The Index continues to record a positive year-over-year trend, with strong pockets of demand for professionals within the IT, oil/ gas and automotive sectors," said Sanjay Modi, Managing Director (India/Middle East/ South East Asia), Monster.com. "All cities monitored by the Index have registered positive annual growth indicating substantial opportunities for workers in these key markets."
Occupations like marketing and communication showed a decline of 23% whereas purchase and logistics grew by 34%.
Sunil Goel, executive director of recruitment firm Global Hunt said places like Coimbatore and Baroda are preferred because of cost-effectiveness, lower real estate prices. Even companies face lesser competition manpower wise and prefer to be present there than the major cities.Amongst industries, oil and gas generated maximum amount of interest and grew at 30% in May compared to same period last year. While the IT industry showed a 21% growth, the lowest was recorded by telecom sector at -10%. " The scams have had a negative impact on the image of the telecom sector where as government's support towards energy industries be it oil and gas, power are a boost," Goel said.
Baroda grew by 25% and Mumbai by 22% according to the index while Chandigarh and Ahmedabad were slow at 11%.
Amongst industries, oil and gas generated maximum amount of interest and grew at 30% in May compared to same period last year. While the IT industry showed a 21% growth, the lowest was recorded by telecom sector at -10%.
"The Index continues to record a positive year-over-year trend, with strong pockets of demand for professionals within the IT, oil/ gas and automotive sectors," said Sanjay Modi, Managing Director (India/Middle East/ South East Asia), Monster.com. "All cities monitored by the Index have registered positive annual growth indicating substantial opportunities for workers in these key markets."
Occupations like marketing and communication showed a decline of 23% whereas purchase and logistics grew by 34%.
Sunil Goel, executive director of recruitment firm Global Hunt said places like Coimbatore and Baroda are preferred because of cost-effectiveness, lower real estate prices. Even companies face lesser competition manpower wise and prefer to be present there than the major cities.Amongst industries, oil and gas generated maximum amount of interest and grew at 30% in May compared to same period last year. While the IT industry showed a 21% growth, the lowest was recorded by telecom sector at -10%. " The scams have had a negative impact on the image of the telecom sector where as government's support towards energy industries be it oil and gas, power are a boost," Goel said.
"The Index continues to record a positive year-over-year trend, with strong pockets of demand for professionals within the IT, oil/ gas and automotive sectors," said Sanjay Modi, Managing Director (India/Middle East/ South East Asia), Monster.com. "All cities monitored by the Index have registered positive annual growth indicating substantial opportunities for workers in these key markets."
Occupations like marketing and communication showed a decline of 23% whereas purchase and logistics grew by 34%.
Occupations like marketing and communication showed a decline of 23% whereas purchase and logistics grew by 34%.
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