With the beginning of the festive season, consumer-driven sectors such as consumer durables/FMCG (5%) and retail (12%) reported growth in talent demand in September 2019. In Y-o-Y analysis, both the industries posted double-digit growth in talent demand. In Sep’18 Vs Sep’19 comparison, consumer durables/FMCG and retail posted 28% and 29% growth, respectively.
Commenting on the report, Sanjay Goyal, Business Head, TimesJobs & TechGig said, “Hiring activity has been flat to negative in major sectors such as IT/Telecom, BFSI, BPO/ITeS, Automobiles due to the economic slowdown. Retail and Consumer durables/FMCG has pushed the talent demand owing to festive hiring and registered double-digit growth in Y-o-Y analysis, too. We can hope to see revival in hiring in high-volume sectors in the coming months.”
The report also noted that Healthcare/Pharmaceuticals industry recorded the highest growth in talent demand (21%) in September. The report revealed that tier-II cities such as Lucknow and Chandigarh recorded the highest growth in talent demand in September 2019 edition.
Here are more key findings from RecruiteX September 2019 edition:
Healthcare records highest in talent demand
With high volume sectors like IT/ITeS witnessing flat to negative hiring activity, service-intensive sectors like Healthcare, Retail, Consumer Durables/FMCG and Travel & Hospitality continues to hire in September 2019. Top three sectors to witness M-o-M growth in talent demand were:
- Healthcare/ Biotechnology/ Pharmaceuticals – 21%
- Retail – 12%
- Travel & Hospitality - 7%
Among functional areas, legal/law professionals recorded maximum growth in talent demand for September 2019. The demand for Doctors/medical professionals saw an uptick as the overall hiring trend in Healthcare sector was up.
- Doctors/Nurses/Medical Professional – 29%
- BioTechnology/ Pharmaceutical/ R&D – 28%