New Delhi, October 4, 2019: With the beginning of the festive season, consumer-driven sectors such as consumer durables/FMCG (5%) and retail (12%) reported growth in talent demand in September 2019, says TimesJobs RecruiteX. Healthcare/Pharmaceuticals industry recorded the highest growth in talent demand (21%) in September. TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
In Y-o-Y analysis, both the industries posted double-digit growth in talent demand. In Sep’18 Vs Sep’19 comparison, consumer durables/FMCG and retail posted 28% and 29% growth, respectively.
The report revealed that tier-II cities such as Lucknow and Chandigarh recorded the highest growth in talent demand in September 2019 edition. A similar trend was observed on September 2018.
According to the RecruiteX report, the overall hiring activity remained flat across high-volume industries such as IT/Telecom, BFSI, Automobiles and BPO for September 2019.
Commenting on the report, Sanjay Goyal, Business Head, TimesJobs & TechGig said, “Hiring activity has been flat to negative in major sectors such as IT/Telecom, BFSI, BPO/ITeS, Automobiles due to the economic slowdown. Retail and Consumer durables/FMCG has pushed the talent demand owing to festive hiring and registered double-digit growth in Y-o-Y analysis, too. We can hope to see revival in hiring in high-volume sectors in the coming months.”
Here are more key findings from RecruiteX September 2019 edition:
Healthcare records highest in talent demand
With high volume sectors like IT/ITeS witnessing flat to negative hiring activity, service-intensive sectors like Healthcare, Retail, Consumer Durables/FMCG and Travel & Hospitality continues to hire in September 2019. Top three sectors to witness M-o-M growth in talent demand were:
Healthcare/ Biotechnology/ Pharmaceuticals – 21%
Retail – 12%
Travel & Hospitality – 7%
Service sector profiles most sought after
Among functional areas, legal/law professionals recorded maximum growth in talent demand for September 2019. The demand for Doctors/medical professionals saw an uptick as the overall hiring trend in Healthcare sector was up.
Doctors/Nurses/Medical Professional – 29%
BioTechnology/ Pharmaceutical/ R&D – 28%
Tier-II cities take the lead in talent demand
Chandigarh, which was among top hiring cities in August 2019, found a spot on September 2019’s tally too. Except for Delhi-NCR, only Bengaluru saw some spurt in hiring activity, rest all other metro cities were stagnant on hiring terms.
Lucknow – 20%
Delhi – 12%
Chandigarh – 13%
Junior level profiles most wanted
September 2019 saw most demand for people in the experience range of 2-5 years. Whereas hiring for Senior Management roles (10-15 years) and leadership roles (20+ Years.) reported decline, 4% and 3%, respectively Other work experience in demand were:
<2 years – 1%
2-5 years – 2%
5-10 years – 1%
RecruiteX is the recruitment index for India. It is an analysis identifying the hiring activity and trends in India Inc. Based on tactful extraction and examination of jobs posted and applied for in a month at TimesJobs, it details ‘recruitment’ as a process backed by hiring sentiments of a recruiter and aspirations of the job seekers alike.