News: BFSI, Retail top employment generators in last quarter of 2018: Report

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BFSI, Retail top employment generators in last quarter of 2018: Report

Both the sectors emerged as the top employers in the last quarter (October-December 2018) of 2018 and saw the highest talent demand of 14% each in December 2018.
BFSI, Retail top employment generators in last quarter of 2018: Report

Job seekers can expect a silver lining in 2019 as recruitment activities posted a 26% rise in activities in Y-o-Y comparison in December 2018, shows RecruiteX-Times Jobs monthly hiring index. Retail, BFSI, Infrastructure, IT/Telecom, and FMCG sectors emerged as top job creators in the said review period.

BFSI and Retail sectors emerged as the top employers in the last quarter (October-December 2018) of 2018 and saw the highest talent demand of 14% each in December 2018. With a 12% growth in demand, Healthcare/Pharmaceuticals and Petrochemicals/ Oil and Gas/ Power industries significantly contributed to creating a positive employment outlook.

Increase in monthly hiring

The RecruiteX M-o-M analysis revealed a 9% rise in the talent demand in December 2018. In December 2018, demand for Banking/Insurance/Financial Services and Sales/Business Development professionals increased. Engineering, Front Office/ Administration and Logistics/ Supply Chain Management/ Procurement were among the top five functional areas in demand.

Tier II cities such as Vadodara, Ahmedabad, and Chandigarh witnessed a significant surge in talent demand of more than 30% each. These were the top three locations for talent demand in the M-o-M analysis. Among metro cities, Chennai hired most professionals in December 2018. For the period December 2017-2018, Bengaluru, Ahmedabad, Vadodara, Pune and Chennai were the top hiring cities.

Talent demand for senior employees (with 20+ years of work experience) witnessed an 18% growth during December 2018. This trend was followed by the rise in demand for candidates with an experience range of 2-5 years. Demand for freshers declined during the month.

According to the report, a rise of 26% in talent demand from December 2017 to December 2018 gives us an optimistic outlook for the rest of 2019. “The data results ignite hope that the hiring activity could remain strong in 2019”, said Ramathreya Krishnamurthi, Business Head, TimesJobs and TechGig.

 

Topics: #Jobs, Staffing Recruitment

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