Mumbai: Just as the festive season begins, job-seekers have something to cheer as more jobs as hiring finally picks up pace with a 8% surge in August 2016, after recording a numb phase for the last two months. Talent demand grew by 8 per cent during August 2016, as hiring activity revived across key sectors, reveals latest RecruiteX, the recruitment index by TimesJobs.com.
In August 2016, the healthcare sector reported over 30% rise in talent demand, which was the top performing sector. Demand for doctors/medical professional posted 30% rise. Demand up by 21% for professionals with 10-20 years of experience. Among metros, Bengaluru was the hub of hiring activities with 18% rise in demand.
“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.
Healthcare sector emerged as the top employment generator with over 30% rise in talent demand. 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. Entertainment/media/journalism professionals saw 27% rise in demand. Business management, consultants and freelancers reported a 22% increase in demand during August.
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. Among states, Gujarat (except Ahmedabad and Vadodara) witnessed 7% rise in demand.