New Delhi, October 10, 2019: With the beginning of the festive season, consumer-driven sectors such as consumer durables/FMCG (5%) and retail (12%) reported growth in talent demand in September 2019, says TimesJobs RecruiteX. Healthcare/Pharmaceuticals industry recorded the highest growth in talent demand (21%) in September. TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
In Y-o-Y analysis, both the industries posted double-digit growth in talent demand. In Sep’18 Vs Sep’19 comparison, consumer durables/FMCG and retail posted 28% and 29% growth, respectively.
The report revealed that tier-II cities such as Lucknow and Chandigarh recorded the highest growth in talent demand in September 2019 edition. A similar trend was observed in September 2018.
According to the RecruiteX report, the overall hiring activity remained flat across high-volume industries such as IT/Telecom, BFSI, Automobiles and BPO for September 2019.
Commenting on the report,Sanjay Goyal, Business Head, TimesJobs & TechGigsaid, “Hiring activity has been flat to negative in major sectors such as IT/Telecom, BFSI, BPO/ITeS, Automobiles due to the economic slowdown. Retail and Consumer durables/FMCG has pushed the talent demand owing to festive hiring and registered double-digit growth in Y-o-Y analysis, too. We can hope to see revival in hiring in high-volume sectors in the coming months.”
Here are more key findings from RecruiteX September 2019 edition:
Healthcare records highest in talent demand
With high volume sectors like IT/ITeS witnessing flat to negative hiring activity, service-intensive sectors like Healthcare, Retail, Consumer Durables/FMCG and Travel & Hospitality continues to hire in September 2019. Top three sectors to witness M-o-M growth in talent demand were:
- Healthcare/ Biotechnology/ Pharmaceuticals – 21%
- Retail – 12%
- Travel & Hospitality – 7%
Service sector profiles most sought after
Among functional areas, legal/law professionals recorded maximum growth in talent demand for September 2019. The demand for Doctors/medical professionals saw an uptick as the overall hiring trend in Healthcare sector was up.
- Doctors/Nurses/Medical Professional – 29%
- Biotechnology/ Pharmaceutical/ R&D – 28%
Tier-II cities take the lead in talent demand
Chandigarh, which was among top hiring cities in August 2019, found a spot on September 2019’s tally too. Except for Delhi-NCR, only Bengaluru saw some spurt in hiring activity, rest all other metro cities were stagnant on hiring terms.
- Lucknow – 20%
- Delhi – 12%
- Chandigarh – 13%
Junior level profiles most wanted
September 2019 saw the most demand for people in the experience range of 2-5 years. Whereas hiring for Senior Management roles (10-15 years) and leadership roles (20+ Years.) reported decline, 4% and 3%, respectively Other work experiences in demand were:
- <2 years – 1%
- 2-5 years – 2%
- 5-10 years – 1%