Mumbai: Talent demand in mass communication and journalism bucked the overall sluggish trend in the job market as content professionals, editors and journalists saw a 13% rise in demand in October 2016. The overall hiring momentum slowed down by 2% in October 2016 according to the latest TimesJobs RecruiteX Report. This mirrors global employment trends, which show a dip in hiring activity during this time of year with festivals, celebrations and year-end vacations slowing down recruitment cycles.
As a result of increased hiring activity in the accounting industry, demand for accounting and finance professionals grew by 8% in the month. Logistics and supply chain managing professionals posted 6% rise in talent demand and engineers saw a 2% rise in demand during the month.
“The RecruiteX data trend shows a regular dip in hiring around this festive season. Most people take their annual vacations during this period and it reflects in the manpower planning strategies of companies – which defer recruitments during this period. Post festivities, talent demand is seen to pick up pace,” says Nilanjan Roy, Head of Strategy, Times Business Solutions.
“The rise in demand for professionals in financial accounts and tax consultancies is also a sign of companies preparing for the year ending. With new channels being launched across domains, content and media professionals are also seeing good opportunities for growth,” adds Roy.
Finance & Accounting sector reported 19% rise in talent demand while content, editors and journalists posted 13% rise in demand. Among metros, Bengaluru led the demand with 14% rise while demand was up by 3% for professionals with 10-20 years of experience.
Financial Accounting was the top hiring sector of the month, followed by logistics & warehousing. The financial accounting and tax consulting industry posted 19% rise in talent demand in October 2016. The logistics and warehousing sector saw a 3% rise in talent demand during the month. BPO, ITeS and the EXIM sectors reported a 1% rise in talent demand during the month.
Among metros, talent demand was highest in Bengaluru. The city posted a rise of 14% in talent demand during October 2016. Pune followed with a 5% rise in talent demand. Among states, Kerala saw maximum rise (5%) in talent demand during the month.