Hiring grew by 2% in May 2016 with automobile sector witnessing the highest rise of 14% in talent demand, according to the latest TimesJobs.com RecruiteX report.
June 2016: After a two month slump, hiring momentum picked up pace again in May 2016 with 2% rise in talent demand across key sectors and locations. Automobile sector was the top employment generator, followed by consumer durables and FMCG sector.
While most key industries reported rise in talent demand, IT, telecom, travel and hospitality sectors saw 4% and 3% drop respectively, during May 2016, reports the latest RecruiteX, the recruitment index by TimesJobs.com.
“As predicted, the slowdown in talent demand was momentary. Now that firms have completed their financial year closings, consolidations, and stocktaking, they are back in hiring mode. Currently the change is more visible in non-metros and high-volume sectors but it will eventually be seen all across all employment hubs in months to come,” says Nilanjan Roy, Head of Strategy, TimesJobs.com.
- Automobile sector posted 14% rise in talent demand
- Doctors, nurses, medical professionals reported 10% growth in demand
- Vadodara witnessed 16% increase in demand during the month
- Entry level professionals posted 12% hike in demand
Hiring up in automobile sector
Automobile sector witnessed 14% rise in talent demand during May 2016. This sector has posted an average rise of 2% since March 2016, reported RecruiteX. Consumer durables and FMCG sector saw 7% rise in demand during the month. IT, telecom sector posted the maximum drop (4%) in talent demand during May 2016. Posted February 2016, IT, telecom sector has registered an average 5% drop in demand.
- BFSI, retail and logistics sectors posted 5% rise in talent demand
- Manufacturing and engineering sector posted 4% rise in demand
- Healthcare industry saw 3% rise in talent demand
Demand for medical professionals
Doctors, nurses and other medical professionals reported 10% rise in demand in May 2016. The demand for medical professionals has posted an average rise of nearly 4% since January 2016. Human resource (HR) professionals also witnessed 10% rise in demand during the month. Demand for engineers, media, entertainment and journalism professionals was stable.
- Logistics, supply chain profile saw 7% rise in demand
- Sales/business development professionals posted 6% rise in demand
- Customer service, tele-calling professionals reported 5% rise in demand
Hiring up in small towns
Talent demand grew by 16% in Vadodara, while Chandigarh posted 9% rise in talent demand. As opposed to the trend in April 2016, none of the metros posted rise in talent demand barring Chennai, which saw stable hiring. Gujarat (except Ahmedabad and Vadodara) was the best performing state with an average 22% rise in demand during May 2016. The state has registered an average 2% rise since January 2016.
- Ahmedabad posted 8% rise in hiring activity
- Jaipur saw 3% rise in talent demand
- Pune witnessed 2% rise in talent demand
Demand up for entry level professionals
Professionals with less than 2 years of experience was the only category to post a rise in demand in May 2016. The category reported a 12% rise in demand during the month. Since March 2016 entry level professionals has seen a 1% rise in demand.
- Candidates with over 20 years of experience witnessed highest drop in demand (11%)
- Candidates with 2-5 years of experience saw 5% drop in demand
- Candidates with 5-10 years and 10-20 years of experience saw stable demand
The Latest RecruiteX report is available at: http://content.timesjobs.com/docs/RecruiteXMay2016.pdf