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After subdued demand, hiring heats up for CXOs in June 2016: TimesJobs RecruiteX

By   /  July 12, 2016  /  Comments Off on After subdued demand, hiring heats up for CXOs in June 2016: TimesJobs RecruiteX

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Mumbai: Hiring remained stable during June 2016 while demand for CXOs, highly experienced professionals surged and outperformed all other categories of experienced professionals. Hiring grew by 15% for professionals with over 20 years of experience in June 2016, according to the latest TimesJobs.com RecruiteX report. The CXOs category had reported a moderate 1% rise in demand in the last 6 months.

 “Mid-year is the time when a lot of expansions and acquisitions take place, so experienced professionals are needed to manage processes and take key decisions involved in these businesses. Startups and new businesses are also able to leverage the considerable knowledge and strong business networks that these professionals have developed over the years.” says Nilanjan Roy, Head of Strategy, Times Business Solutions.

TimesJobs RecruiteX decodes this data into hiring trends by evaluating the demand for talent across industries, experience, functions and locations in the country.

Talent demand grew by 14% in both Bengaluru and Pune. Chennai saw 11% rise in hiring, Delhi saw 5% rise and Mumbai posted 3% rise in talent demand in June 2016. Incidentally, Maharashtra, without including Mumbai and Pune, was the best performing state with an average 5% rise in demand during June 2016.

Business management and consultants reported a significant 21% rise in demand this month. This is the first time since January 2016 that this profile has posted a significant rise. Hospitality professionals posted a 12% rise in demand during the month. Demand for Engineers and IT/Telecom professionals increased by 5% and 10%, respectively.

The real estate sector witnessed a 7% rise in talent demand during June 2016. This sector has posted a rise of 4% in the last two months. The construction sector also saw a rise of 6% in demand during June 2016. RecruiteX also reports that the IT, telecom and BFSI sectors posted 2% rises in talent demand in this period.

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