– It rains jobs for entry-level candidates during monsoons, shows TimesJobs.com data
– Talent demand in e-commerce also set to peak this July, Aug and Sept
June 15, 2015: Demand for entry-level talent has seen an incremental spike during the monsoon months of July, August and September, shows TimesJobs.com RecruiteX year-on-year data since 2011. Experts predict this trend is likely to continue in this year’s monsoon season as well.
Since 2011, the demand for candidates with zero to two years of experience registered a significant rise of 6 per cent on average between July and September. In the last two years 2013-14, demand during this monsoon period rose further – to an average of 7 per cent.
Actually, demand for entry-level candidates during July-September has never been negative in the past five years, unlike demand for more experienced candidates.
The IT, telecom, healthcare and hospitality sectors have led the demand growth for entry-level candidates during these three months, registering a rise of 3 per cent on average since 2011.
Metros have reported highest average increase in fresh talent demand between July and September. Demand for entry-level candidates in Delhi-NCR, Bangalore and Mumbai together grew by an average of 4 per cent during July, August and September between March 2011 and March 2015.
In fact, the demand for entry-level candidates peaked in 2014, shows data from RecruiteX, TimesJobs.com recruitment index. Other experience categories however have had a fair share of ups and downs since 2011. From 2011-2012, people with over 20 years of experience saw a massive dip in demand between July and September. It was only after 2013 that the demand has improved across all experience categories.
“The primary reason for this spike is that Indian companies, in general, follow the April to March financial year cycle for the variable, bonus component payouts and disbursements, and these usually gets completed by the first quarter (April-June) of the following financial year. Not only the bonus payout, even salary increments usually come into effect from April. The first quarter helps jobseekers build the requisite documents, such as two to three months pay-slips, increment letters, etc. for applying for a new job.” explains Vivek Madhukar, COO, TimesJobs.com
“Campus placements, which usually take place around July to September, also push new talent demand during this monsoon period.” adds Madhukar.
eCommerce talent demand set to peak
Many big corporate players plan to hire big during the July-September period to take advantage of this trend. The hiring is also set to peak in this period for e-commerce giants according to industry experts.
An online furniture retailer told TimesJobs.com that it plans to increase its workforce volume by four times by the end of this year. The volume is expected to peak in July-August period.
An e-commerce portal and an IT giant are also in the process of closing their hiring plans for the coming quarters and expect the volume to shoot up in July, August and September.
Senior Professionals demand heats up during the winters
It is interesting to note that demand for senior talent has always seen an incremental spike during the winter months of January and February according to analysis of TimesJobs.com RecruiteX year-on-year data since 2011.
- Senior professionals with over 20 years of experience posted a significant 3 per cent rise in demand every year during 2011-2015 in January-February
- IT, telecom, manufacturing and healthcare sectors are the biggest recruiters of senior professionals during the winter season.
- Among cities, Mumbai reported the highest demand for senior professionals during January – February in the last five years (2011-2015)
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TimesJobs.com, India’s leading career and recruitment portal, is one of the best-selling online ventures of the Times of India Group. Conceived and launched in 2004, TimesJobs.com currently has a candidate database of more than 20 million registered job-seekers across levels and functions who clock-in over 40 million page views a month.
TimesJobs.com is positioning itself as an engagement platform and knowledge resource for insights, information, analysis and opinions on the recruitment market. Well-known for its product innovations and unmatched deliverables, TimesJobs.com has pioneered the platforms of:
– JobBuzz.in for candidate engagement with company reviews and ratings
– TechGig.com as India’s leading IT network for careers, coding and competitions
– StepAhead for career assessment and enhancement services
– RecruiteX as the definitive demand and supply recruitment index
– The TJinsite knowledge series and a lot more.
TimesJobs.com serves a corporate customer base of more than 25,000 clients from across the globe. It has been serving clients like HCL, IBM, Yamaha, Godrej, HSBC, Mahindra, Bajaj Allianz, TCS and Thomson Reuters to name a few.