Hiring surges by 8% in August: TimesJobs RecruiteX
Hiring has picked up pace with a 8 per cent surge in August 2016, after witnessing a numb phase for the last two months. Talent demand grew by 8 per cent during August 2016, as hiring activity revived across key sectors, reveals latest RecruiteX, the recruitment index by TimesJobs.com.
“The RecruiteX trend for job growth from last year shows a 4 per cent drop during August 2015. A surge of 8 per cent during the same period this year is a clear indication of a flourishing economy lead by job growth in the key sectors of healthcare, construction, BPO/ITeS, BFSI and manufacturing. Government employment generation and entrepreneurial initiatives in the private sector have started showing results and we anticipate a similar recruitment trend in times ahead,” says Nilanjan Roy, head of strategy, Times Business Solutions.
♦ Healthcare sector reported over 30 per cent rise in talent demand
♦ Doctors/medical professional posted 30 per cent rise in demand
♦ Demand up by 21 per cent for professionals with 10-20 years of experience
♦ Among metros, Bengaluru leads demand with 18 per cent rise in demand
Healthcare top hiring sector
Healthcare sector emerged as the top employment generator with over 30 per cent rise in talent demand. The media and entertainment sector registered a growth of 16 per cent during August 2016. Among other key sectors, the BFSI sector witnessed 9 per cent rise and IT/telecom sector posted 8 per cent rise in talent demand during the month.
BPO/ITeS sector reported 13 per cent increase in demand, manufacturing industry registered 12 per cent rise in demand. Hiring was up by 6 per cent in the automobile sector
Medical professionals in demand
Demand for doctors and medical professionals grew significantly during August 2016. The profile posted a 30 per cent rise in demand during the month. Entertainment/media/journalism professionals saw 27 per cent rise in demand. Biotechnology and pharmaceutical profile saw 21 per cent rise in demand.
Business management, consultants and freelancers reported a 22 per cent increase in demand during August. Engineers reported 11 per cent increase in demand. Hospitality professionals witnessed 19 per cent rise in demand.
Experienced professionals in demand
The demand for professionals with more than 5 years of experience reported a significant 17 per cent rise during August 2016. Candidates with 10-20 years of experience witnessed the maximum rise (21 per cent) in demand during the month. This category has registered a consistent average 11 per cent rise in the last three months. Demand for candidates with less than 2 years of experience also reported a rise of 9 per cent.
Demand for candidates with over 20 years of experience increased by 19 per cent. Candidates with 5-10 years of experience posted 11 per cent rise in demand. Candidates with 2-5 years of experience posted 7 per cent rise in demand
Bengaluru best performing metro
Among metros, talent demand was highest in Bengaluru. The city posted a rise of 18 per cent in talent demand during August 2016. It was followed by Chennai with a 13 per cent rise and Delhi-NCR with 12 per cent rise in talent demand. Among top ten, Lucknow was the top hiring location with a rise of 22 per cent in talent demand.
Hyderabad posted 15 per cent rise in demand whereas Ahmedabad registered 14 per cent increase in demand. Among states, Gujarat (except Ahmedabad and Vadodara) witnessed 7 per cent rise in demand