Demand for CXOs and senior professionals surges in March 2017

New Delhi: Demand for senior professionals grew by over 30%, even as overall hiring posted a stable 1% rise in March 2017. The recruitment index has been steadily growing since February 2017. Healthcare sector reports an 8% rise in talent demand while demand grew by 17% for doctors, nurses and medical professionals.

The demand for senior professionals with over 20 years of experience reported a rise of over 30% during March 2017. Professionals with 10-20 years of experience also saw a 3% rise in demand, during the month. Those with 0-5 years of experience witnessed a rise of 3% in demand. Only demand for professionals with 5-10 years of experience registered a 4% drop in demand, during the month.

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Healthcare was the top hiring sector of the month, followed by consulting services and the real estate sector. The healthcare industry posted an 8% rise in talent demand in March 2017. The consulting services and real estate sectors, both, saw a 5% rise in talent demand during the month. Petrochemicals posted a 4% rise in demand while the IT & Telecom industries reported a 3% rise in talent demand during the month. The manufacturing sector also saw a 2% rise in talent demand. Among other key highlights, the retail and BFSI sectors saw a drop in demand of 5% and 4%, respectively.

Doctors, nurses and medical professionals saw a 17% rise in demand in March 2017. These professionals have witnessed an average rise of 2% in demand since January 2017. Hospitality professionals also posted a rise of 6% in demand, during the month. Engineers saw a demand of 5% in March 2017. IT & Telecom professionals witnessed a 3% rise in demand and business management, consultants and freelancers saw a rise of 2% in demand.

Hyderabad was the best performing location with 21% rise in talent demand. Ahmedabad also posted a 21% rise (21%) in talent demand, in March 2017. Indore also saw a rise of 16% in demand. Among metros, Chennai was the only city to report growth at 8% in talent demand, during the month. No other metro saw growth in hiring activity during the month with Delhi NCR posting the highest drop (-8%) in talent demand.

India’s leading recruitment portal TimesJobs.com presents the ‘RecruiteX’ to give a consistent, realistic and reliable snapshot of the genuine state of hiring activity in India with a complete analysis of demand in relation to experience, sectors, functional areas and locations.

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