After witnessing a numb phase for the last two months (June & July), the hiring activity is up 8% in August, according to the latest RecruiteX, the recruitment index by TimesJobs.com.
Talent demand grew by 8 per cent during August 2016, as hiring activity revived across key sectors, were the top hiring sectors during August 2016. The Healthcare sector reported over 30% rise in talent demand with demand for professionals with 10-20 years of experience was up by 21%. The media and entertainment sector registered a growth of 16% during August 2016. Among other key sectors, the BFSI sector witnessed 9% rise and IT/telecom sector posted 8% rise in talent demand during the month. BPO/ITeS sector reported 13% increase in demand. Manufacturing industry also registered a 12% rise in demand, while hiring is up 6% in the automobile sector.
“The RecruiteX trend for job growth from last year shows a 4% drop during August 2015. A surge of 8% 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.
The demand for professionals with more than 5 years of experience reported a significant 17% rise during August 2016. Candidates with 10-20 years of experience witnessed the maximum rise (21%) in demand during the month. This category has registered a consistent average 11% rise in the last three months. Demand for candidates with less than 2 years of experience also reported a rise of 9%.
Among metros, talent demand was highest in Bengaluru. The city posted a rise of 18% in talent demand during August 2016. It was followed by Chennai with a 13% rise and Delhi-NCR with 12% rise in talent demand. Among top ten, Lucknow was the top hiring location with a rise of 22% in talent demand.