New Delhi, April 14, 2021: The IT/Telecom sector recorded the highest growth of 42% while the overall talent demand at India Inc. improved by 25% in Mar’20 v/s Mar’21 comparison, found TimesJobs RecruiteX. RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
An in-depth study of the talent demand trends of the review period indicated that all the top 10 industries – except Retail and FMCG sector – improved their talent intake. The top five sectors to gain talent demand in Mar’20 v/s Mar’21 analysis were: IT/Telecom (42%), Petrochemicals (32%), Infrastructure (31%), Construction (31%) and BFSI (23%). Retail and FMCG saw steepest dip in talent demand with (-24%) and (-14%) drop respectively, owing to the widespread shutdowns.
In the Feb’21 v/s Mar’21 comparison of talent demand, the Construction, Petrochemicals, Infrastructure sectors noted a double-digit uptick. Tier II cities dominated RecruiteX’s location-wise list as Indore and Vadodara occupied the top two slots with double digit growth in talent demand. Mumbai, though coping with the rising COVID-19 cases, emerged as the top job hub beating all other metro cities in M-o-M talent demand analysis. It noted 6% M-o-M growth and was the only metropolitan in the list of top five locations.
Functional area-wise, HR/PM/Training, Doctors/Nurses and BFSI witnessed most growth in talent demand in Feb’21 v/s Mar’21 comparison. Work experience-wise, professionals with 10-20 years of experience were most in demand in Mar’21, followed by professionals with 5-10 years of experience.
Elaborating on the findings of RecruiteX Mar’21 edition, Sanjay Goyal, Business Head TimesJobs and TechGig said, “Construction, Petrochemicals and Infrastructure – are orkforce intensive sectors. Mar’21 typically saw all sectors reconvening their work in full swing and hence the stupendous jump in talent demand in the M-o-M analysis. The Budget announcements have also been a big impetus to these sectors”.
Sector-wise M-o-M talent demand analysis:
– Construction/Cement/Metal/Steel/Iron: 16%
– Petrochemicals/Oil and Gas/ Power: 12%
– Infrastructure/Projects/Power/Energy: 11%
– BFSI: 6%
– Manufacturing & Engineering: 5%
City-wise M-o-M talent demand analysis:
– Indore: 19%
– Vadodara: 18%
– Pune: 12%
– Ahmedabad: 10%
– Mumbai: 6%
Functional area-wise M-o-M talent demand analysis:
– HR/PM/IR/Training/ T&D: 16%
– Doctors/Nurses/Medical Professional: 7%
– Banks/Insurance/Financial Services: 7%
– Front Office/ Administration: 5%
– Marketing & Advertising: 5%
Work experience-wise M-o-M talent demand analysis:
– 10-20 years of work experience: 6%
– 5-10 years of work experience: 5%
– 2-5 years of work experience: 4%
– More than 20 years of work experience:3%
– Less than 2 years of work experience: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.