Education/Training sector noted 27% M-o-M growth in talent demand, overshadowing the demand posted by all other major sectors like IT/Telecom, Retail, FMCG and BFSI
· Teaching/Education profiles witnessed a growth of over 30% in talent demand
· Mumbai reclaimed its throne as top job hub with 14% M-o-M growth in talent demand, followed by Pune
New Delhi, Oct 27, 2020: A combined push of the online classes and the phenomenal rise of Edu-Tech domain proved to be a blessing for the employment scenario in the Education/Training sector. Historically, education-related jobs and work profiles see seasonal upticks around the time when new sessions start. However, COVID-19’s lockdown has pushed the talent demand for these profiles into a continuous upward rally ever since March 2020.
TimesJobs RecruiteX Sept 2020 edition noted that the Education/Training sector posted the maximum talent demand growth of 27% M-o-M and 7% Y-o-Y in the study period. Functional area wise too, Teaching/Education profiles saw a growth of over 30% in the monthly analysis.
TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
Summarising the findings of RecruiteX Sept 2020 edition, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “The Education/Training sector’s talent demand performance is like a comeback story of an unconventional sector. Typically, education-related work profiles are all-weather jobs with seasonal spikes. However, the COVID-19 lockdown forced all classes to go online, and education continuity became a stronger resolve. Add to that the stupendous rise of the Edu-Tech domain in the past months. In Sept 2020, the Education/Training sector posted more talent demand than the other high volume sectors as IT/Telecom, BFSI, FMCG and Retail combined together. Now that the educational institutes have started re-opening – partially though – I feel this growth in talent demand will continue for some more time”.
The Education/Training sector saw the maximum (27%) growth in monthly talent demand study, followed by the recently reopened Hospitality sector which noted 23% M-o-M uptick. Together both these sectors shadowed the combined talent demand of all high volume sectors as IT/Telecom, BFSI and Retail. In fact, IT/Telecom and Retail shed talent demand by 2% and 1% respectively, in the monthly analysis.
These sectors had the most talent demand:
– Education/Training: 27%
– Hospitality: 23%
– BFSI: 12%
Functional area-wise analysis:
Ever since the COVID-19 induced lockdown came into effect earlier this year, two work profiles saw a continuous rise – teachers and the gig workers. In Sept 2020, both these profiles saw maximum talent demand, followed by the BFSI-related profiles. For the first time since June 2020, IT/Telecom noted a 1% dip in M-o-M talent demand analysis. HR/Training profiles too noted a dip in the monthly demand study.
These profiles had the most talent demand:
– Teaching/Education: Over 30%
– Business Mgmt./Consultants/Freelancers: 24%
– Banks/Insurance/Financial Services: 18%
Mumbai and Pune witnessed the maximum rise of 14% and 11% in talent demand in Sept 2020 respectively. Chennai – which topped the talent demand list in Aug 2020 – saw a 3% uptick in Sept 2020. Delhi-NCR location saw a dip of 3% in M-o-M talent demand, similar to its Aug 2020 trend.
Location-wise top three cities with most demand were:
– Mumbai: 14%
– Pune: 11%
– Lucknow: 3%
Work experience wise:
The Sept 2020 data shows that the mostly middle-level professionals were most sought after in the study month. At the same time, people with over 20 years of experience noted a 10% dip in demand, followed by freshers (less than two years of work experience) where demand tanked by 5%.
Work experience wise, top three most sought after categories were:
– 10-20 years: 14%
– 5-10 years: 9%
– 2-5 years: 3%
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.