Talent demand rises in IT, telecom and healthcare sectors by 1% in January 2016 while BFSI and BPO, ITeS rose 2% during Jul-Dec 2015
February 16, 2016: Demand for IT, telecom, healthcare, travel & hospitality professionals has gone up in the economy, with all these sectors reporting increased hiring activity in January 2016, shows latest TimesJobs RecruiteX data.
Among top recruiting industries, healthcare posted a 2% rise and IT, telecom saw a 1% rise in talent demand. Hiring in travel & hospitality also grew by a significant 3%.
Among key functional areas, doctors, nurses and medical professionals saw the highest (16%) rise in demand.
CXO level and senior professionals with over 20 years of experience reported a substantial 28% jump in demand during January 2016.
Among top hiring locations, Chennai performed the best with a 16% rise in talent demanded in January 2016.
"The government’s clear focus on driving developmental initiatives such as Digital India, Make In India, enabling Startup India and creating Smart Cities is driving growth across all high-skill sectors in the Indian economy. These initiatives are driving youth into entrepreneurship, and capital into new ventures. The resultant effect on employment is plain to see in our latest RecruiteX reports," says Vivek Madhukar, COO, TimesJobs.com
"Senior-level professionals continue to dominate hiring trends across industries, along with middle level candidates, as bold new startups run by young and passionate entrepreneurs seek out experienced professionals to guide their ventures," adds Madhukar.
Hiring trends from July-Dec 2015
Recruitment data from the second half of 2015 shows that BPO, ITeS and BFSI sectors were the biggest employment generators (a 2% increase in hiring activity) indicating that the government’s job creation initiatives such as Make in India, Digital India, Smart Cities and Skill India have started showing results. Overall talent demand index during H2 2015 was stable.
As the e-commerce business expanded in Jul-Dec 2015, more jobs were created along the way. Technology, engineering, sales, business development, quality control and marketing professionals remained in high demand.
Hiring also increased for core functions, especially engineering and technology professionals.
The emerging profiles in the second half of 2015 were product engineers, design & development engineers, quality engineers, content writers and digital marketers.
Among metros, Bengaluru topped the demand chart followed by Mumbai and Delhi NCR during Jul-Dec 2015. Metros also took the maximum job share and saw increased hiring, especially for middle and senior-level positions.
Punjab, Madhya Pradesh, Uttar Pradesh, West Bengal, Kerala and some North-Eastern states also witnessed rise in talent demand during Jul-Dec 2015, though job share in these states was small.
Key findings
· Hiring rose in IT, telecom and healthcare 1% in January 2016. BPO, ITeS & BFSI industries 2% led the talent demand during Jul-Dec 2015
· Doctors, nurses, medical professionals were most sought-after in January 2016. Demand for engineering and tech profiles grew in the second half of 2015
· Chennai saw increased hiring in January 2016. Metros saw greater talent demand as Bengaluru emerged as the top job hub in Jul-Dec 2015
· Professionals with over 20 years of experience were in demand during January 2016. Middle and senior-level professionals continued to dominate hiring in Jul-Dec 2015
About RecruiteX
The recruitment report by TimesJobs.com analyses talent demand in the Indian job market. In the report, we have deciphered data by level — junior, middle and senior — for top industries. With this detailed analysis of present and future talent requirements, we aim to empower the industry make strategic business decisions.
RECRUITEX: Both the Half Yearly and The Monthly reports can be downloaded here –
Jan 2016 RecruiteX report: http://content.timesjobs.com/docs/RecruiteXJan2016.pdf
H2 2015 RecruiteX report: http://content.timesjobs.com/docs/RecruiteXHYI2016.pdf
About TimesJobs.com:
TimesJobs.com, India’s leading career and recruitment portal, is one of the best-selling online ventures of the Times of India Group. Conceived and launched in 2004, TimesJobs.com currently has a candidate database of more than 25 million registered job-seekers across levels and functions who clock-in over 60 million page views a month.
TimesJobs.com is positioning itself as an engagement platform and knowledge resource for insights, information, analysis and opinions on the recruitment market. Well-known for its product innovations and unmatched deliverables, TimesJobs.com has pioneered the platforms of:
– JobBuzz.in for candidate engagement with company reviews and ratings
– TechGig.com as India’s leading IT network for careers, coding and competitions
– StepAhead for career assessment and enhancement services
– RecruiteX as the definitive demand and supply recruitment index
– The TJinsite knowledge series and a lot more.
TimesJobs.com serves a corporate customer base of more than 25,000 clients from across the globe. It has been serving clients like HCL, IBM, Yamaha, Godrej, HSBC, Mahindra, Bajaj Allianz, TCS and Thomson Reuters to name a few.