Pune Creates Fewer New Jobs in First Quarter

— Sakaal Times
Pune
India

​There were 17 percent fewer new jobs generated in the city in April, May and June this year, as compared to the same period in the last financial year, reveals as Assocham analysis.

While the analysis expects the job market to open up in the months to come, most city-based IT companies, owing to Pune’s growing eco-system are also optimistic about Pune as a growing job market.

IT/ITeS and hardware sector offered most job opportunities with 50 percent jobs coming from these sectors. The reason has been IT companies such as Cybage Software, which continue to hire freshers inspite of a sluggish job market.

“First quarter hiring especially that of freshers in the IT industry has not been as robust as one would have expected. But as far hiring in Cybage is concerned, we focus on 1:2 ratio where more focus is on replacement hiring. However, with the US economy showing signs of recovery, we expect to maintain fresher hiring same as last year,” said COO and Executive Director of Cybage Software, Deepak Nathani.

“The industry is hopeful that the job market will pick up second quarter onwards,” said National Secretary General of Assocham, DS Rawat.

Assocham Survey

  • IT/ITeS and hardware sectors biggest contributors with 50 percent new jobs.
  • Owing to improved global economy, job market to open up in second quarter of FY 13-14.
  • City-based IT companies optimistic on second quarter hirings.