Signs of recovery? IT/Telecom back as top sector for talent demand in Nov 2020, Bengaluru was top job hub

● Top sector for talent demand: IT/Telecom
● Top city for talent demand: Bengaluru
● Top work experience category: Senior professionals with 20+ years of work experience

New Delhi: December 14, 2020: The talent demand trends for Nov 2020 paint a tech-led story for recruitment activities. Indian economy’s poster boy and high volume sector – IT/Telecom – made a comeback as the top sector with maximum talent demand in Nov 2020. The talent demand in all of 2020 was dominated by the Healthcare sector but IT/Telecom pushed all sectors behind in Nov 2020 to take back its position as the top sector with most talent demand, noted RecruiteX. TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.

Highlighting the trends from TimesJobs RecruiteX Nov 2020 edition, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “Both IT/Telecom and Retail are high volume sectors. Their emergence as sectors with maximum talent demand in Nov 2020 indicates that hiring activities are resuming. The impending festive season and the increase in consumer activities led to the growth in both IT/Telecom and Retail sectors. Also, I feel that the E-commerce sector which resides in the cross-section between the IT/Telecom and Retail sectors has been propelling talent demand in both these sectors. Ecommerce workforce has been as busy as ever in the COVID-19 impact period and hence the continued demand there.”

The key insights from the TimesJobs RecruiteX Nov 2020 edition are –

Industry-wise:
The talent demand in the IT/Telecom sector picked up pace from 1% in Oct 2020 to 4% in Nov 2020, becoming the sector posting maximum demand in the review month. The Healthcare and Construction sectors – which were the top sectors for talent demand in Oct 2020 – saw subdued demand in Nov 2020. Top sectors for talent demand in Nov 2020 were:
IT/Telecom: 4%
Retail: 3%
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Functional-area wise:
The IT/Telecom work profile registered the highest growth for talent demand in Nov 2020. It bounced from (-2%) talent demand in Oct 2020 to 5% in Nov 2020. Top functional areas for talent demand in Nov 2020 were:
– IT/Telecom: 5%
– Accounting & Finance: 4%
– Front Office/ Administration: 2%
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Location-wise:
IT city Bengaluru claimed most talent demand in Nov 2020, recovering from its (-1%) talent demand in the previous month. Other than Bengaluru, all other metro cities recorded a dip in M-o-M talent demand. Top cities for talent demand in Nov 2020 were:
Bengaluru: 12%
Chandigarh: 5%

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Work-experience wise:

Professionals with over 20 years of work experience recorded the maximum growth in talent demand of over 30% growth in Nov 2020. Earlier in June 2020, senior professionals had seen a similar trend in talent demand. Top work categories for talent demand in Nov 2020 were:
Senior professionals with over 20 years of work experience: over 30%
People with 10-20 years of work experience: 14%
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About RecruiteX:
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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.