Overall talent demand grew by 10% M-o-M and 21% Y-o-Y basis in Jul’21
Sector-wise: Retail, FMCG, BPO claimed most growth in M-o-M talent demand study; IT, BFSI and FMCG led the Y-o-Y talent demand growth charts
Functional-area wise: Accounting & Finance, BPO and Administration roles had highest M-o-M growth in Jul’21 talent demand
Location-wise: Ahmedabad, Vadodara, Mumbai were top three locations for M-o-M growth in talent demand
Work experience-wise: Freshers (professionals with less than 2 years of work experience) saw most growth in talent demand followed by people with 2-5 years of experience
New Delhi, August 17, 2021: An improving consumer sentiment propelled the consumer-led sectors Retail, FMCG, BPO and BFSI to post a double-digit growth in both M-o-M and Y-o-Y analysis of talent demand in Jul’21. The Retail sector recorded over 30% growth in M-o-M study of talent demand and noted 19% growth in Y-o-Y comparison and topped the sector-wise list at TimesJobs RecruiteX Jul’21 edition. TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
This was followed by consecutive M-o-M growth noted in Consumer Durables/FMCG (29%), BPO (23%), BFSI (16%) respectively. The overall growth in M-o-M talent demand is also fuelled by an increase in Construction (3%), Manufacturing (3%) and IT/Telecom (2%) sectors respectively.
Sanjay Goyal, Business Head, TimesJobs and TechGig elaborated the findings of RecruiteX Jul’21 edition as, “TimesJobs’ talent demand index RecruiteX recorded a healthy growth in talent demand in Jul’21. The IT/Telecom sector has been posting a steady growth in talent demand in 2021, and noted the biggest jump of 35% in its Y-o-Y study in Jul’21.”
“In Jul’21, the consumer-led sectors as Retail, FMCG, BPO and BFSI posted a double-digit growth in both M-o-M and Y-o-Y analysis. This is based on the sequential unlock in different states. The Retail sector saw the highest growth of over 30% in M-o-M study in Jul’21 as shopping malls and retail outlets are resuming full time operations. With the festival season kicking in, talent demand will continue to rise in the consumer-led sectors in the coming months,” he added.
A review of functional-areas revealed that Accounting and Finance, Customer Services/ BPO and Administration were the top three most sought after profiles. Accounting and Finance saw over 30% growth in talent demand, followed closely by Customer Services/ BPO profile that noted 30% growth in the M-o-M study in Jul’21.
Location-wise, tier-II cities Ahmedabad and Vadodara both noted the maximum growth of 14% each in talent demand in Jul’21. Mumbai – despite being under the COVID-19 curbs – saw a growth of 9% in talent demand, and trailed at the third spot in the city-wise analysis. Chennai managed 6% growth and Delhi-NCR saw only 1% growth in the M-o-M study in Jul’21.
Work-experience wise, freshers (with 22% growth) were the most sought after group of professionals for talent demand. This was followed by 15% increase in the M-o-M demand for professionals with 2-5 years of work experience.
Here are the talent demand trends for Jul’21:
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.