Talent demand in India grew by 8% in March 2018, as per RecruiteX, a monthly hiring trend report by recruitment portal TimesJobs. This is the highest growth registered by the recruitment index in the last four months. Compared to last year, this year has registered a 9% increase in overall talent demand.
The report noted that key industries and functional areas posted a significant rise in talent demand, thus contributing to the 8% rise in hiring activities in March 2018.
Here are the key findings from the report.
Construction industry sees maximum talent growth
As per the report, the construction sector in India registered 13% rise in hiring in March 2018, posting the highest growth in talent demand. This was followed by 12% rise in talent demand in the petrochemicals sector and a 12% rise in the infrastructure sector.
Ramathreya Krishnamurthi, Business Head, TimesJobs & TechGig stated, “In March 2018, the hiring activities recorded a sharp rise of 8% in the Indian market. This is the highest mark in the last four months and definitely a reason to cheer. Fresh policies, new projects resulted in this increased talent demand. A bulk of talent demand came from construction, infrastructure and petrochemicals sectors. In construction, specifically, most companies started hiring in March. Going by the trends from RecruiteX editions from previous years, we expect hiring activity to sustain its momentum in the coming months too.”
Biotech, pharma profiles in demand
Meanwhile coming to the functional areas, Biotechnology and pharma profiles witnessed 21% rise in demand in March 2018. This was followed by IT/Telecom professionals which posted a 10% rise in talent demand. This was followed by Engineers which also witnessed 10% rise in demand.
Jaipur records the highest talent demand
Among key locations, Jaipur recorded the highest rise in talent demand of 26%. This was followed by Chennai which saw a rise of 15% in the talent demand, while Ahmedabad witnessed a 13% rise in demand. Mumbai, on the other hand, witnessed a 9% increase in demand while Delhi/NCR posted a 7% increase in demand. Among states, RecruiteX recorded over 30% growth of talent demand in Kerala followed by Punjab.
Professionals with 10-20 years of experience in demand
Hiring for professionals with 10-20 years of experience witnessed the highest rise in demand during the month of March 2018. This experience category witnessed 11% rise in demand, followed by professionals with over 20 years of experience, who saw a 6% rise in demand.