Positive hiring trends for 2019 across sectors – Survey
Online job portal Shine.com has projected growth areas in the hiring sectors for 2019 while charting hiring trends in 2018. The tech-driven job search platform collated data over the past year to map the Indian hiring landscape, focusing on key growth regions and functional areas across industries.
Somewhat unsurprisingly, top metro cities such as Bangalore, Mumbai, Delhi, and Chennai have retained their dominant positions as the regions with the highest talent demand. However, emerging cities such as Hyderabad, Pune, Kolkata, and Ahmedabad also staked their claim as regional job hubs, having performed exceptionally well in terms of hiring in 2018.
In fact, on the back of its burgeoning IT sector, Hyderabad broke through into the top 5 cities for hiring in the past year. According to Shine.com’s estimates, the growth trend witnessed across tier-2 cities can be attributed to the sprawling FMCG/consumer durables, pharmaceuticals and healthcare, and energy and renewables sectors in these geographies.
An industry-wide demand analysis highlighted that IT-Software, BFSI, Manufacturing and BPO/KPO, which were the most active recruitment sectors in 2017, continued to hold top positions in 2018 as well. Within the IT/ Software sector, job requirements have increased across technologies such as Data science, Artificial Intelligence, Cybersecurity and Progressive Apps. While job positions are on the rise, major upskilling is required for professionals to take up these roles. Widespread technological uptake in the BPO/KPO sector has made for increased job creation and this trend is bound to continue in 2019 as well.
Furthermore, As more manufacturing plants are set up in India, new jobs will be created in Tier 2 and 3 cities where these manufacturing plants are typically located. Finally, the rise of Fintech firms, mobile wallets, and numerous payment apps has ensured the steady growth of the BFSI sector, which will also retain its spot in the highest job creating industries in 2019. Emerging industries that are displaying an increase in hiring in 2019 also include education and healthcare. Numerous tech startups in these two sectors were launched in 2018, propelling growth and job creation in 2019 as well.
In an interesting development, significant acceleration in hiring was witnessed across previously sluggish industries such as engineering and construction, which entered the top 10 list in 2018. According to the report, increased hiring across the engineering and construction domain in tier-2 areas can be ascribed to infrastructural advances.
In terms of functional areas IT/Software, Customer Service, Banking and Finance, and Production emerged as the top functions in 2018. As an increasing number of organizations embrace technology to boost growth, IT/Software has become the most sought after job role across industries. Furthermore, an increase in startups in the Fintech sector has led to unprecedented growth in the BFSI industry.
Speaking on the trends, Zairus Master, CEO – Shine.com, said, “A greater focus on technology, across industries, has caused significant growth in the hiring domain in the past year. We have witnessed accelerated growth in sectors such as healthcare and BFSI, with players in the domain quickly embracing innovation and evolving their processes.”
As industries continued to gain scale on the back of increased technological deployment, a steady increase was seen in hiring across Sales and Business Development functions as well in 2018. Additionally, with more and more professionals focusing on upskilling themselves for new-age job roles, the education, training, and language sector registered a significant uptick in 2018 as well. Industry experts are anticipating accelerated hiring across all current high-growth domains in 2019. These future trends, without a doubt, will be majorly influenced by large-scale technological uptake and the changing nature of jobs across all industries.