– Talent demand in FMCG, Healthcare, Retail and IT sectors up by about 1-2% in March 2020 v/s April 2020 comparison
– All other sectors posted a drop in talent demand as the workforce stared at a month-long lockdown
New Delhi, May 11, 2020: The 40-day long nation-wide lockdown has brought the economy to a standstill, with most sectors recording a dip in talent demand posted in April 2020. The FMCG, Healthcare and Retail sectors noted a marginal jump in talent demand, revealed the findings of TimesJobs RecruiteX April 2020 edition.
TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
Explaining the findings of RecruiteX April 2020, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “April 2020 will be best remembered as ‘the most usual month’ in the FY20-21 calendar because all the industrial sectors noted a flat graph owing to the COVID-19 lockdown. Most companies are working remotely presently. Hence those who are digitally enabled and operated are the only ones surviving at this critical time. The RecruiteX April 2020 noted a mere 1-2% growth in the FMCG, Healthcare, Retail, IT sectors. All other sectors noted a dip in talent demand, hence this uptick in these sectors – though insignificant – is like a ‘life-line’ for the present economy.”
Here are the major takeaways from the RecruiteX April 2020 edition:
Industry-wise: The Healthcare and FMCG, Retail sectors saw about 2% growth in talent demand and IT sector recorded only 1% growth in talent demand in the study month. This can be co-related with the fact that most FMCG and Healthcare companies are running their operations remotely and the demand for IT and IT-enabled roles are still prevalent.
Functional areas: Almost all functional areas recorded no growth in talent demand. TimesJobs research revealed that recruiters were presently seeking talent for these profiles mostly – Content Writers, Digital Marketing Professionals, R&D Professionals and Logistics Managers.
Location-wise: Among the metro cities – Delhi-NCR, Kolkata, Bengaluru and Mumbai – noted a dip in talent demand. Only Chennai recorded a mere 1% growth in talent demand in April 2020.
Among other cities, Pune and Jaipur, each recorded only 2% growth in talent demand. All other cities saw no improvement in talent demand.
Experience-wise: The talent demand for Freshers and professionals with less than 2 years of work experience, saw 1% growth in April 2020. All other experience categories noted a dip in talent demand.
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.
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