Hiring momentum slows down during the festive season by 2% in October 2016 – Finance and Accounting sector bucks the trend
November 8, 2016: The 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.
“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.
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Content and Media professionals in demand
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