Hiring Heats up for CXOs: TimesJobs RecruiteX

July 11, 2016: Talent demand was upbeat across all the experienced categories of professionals, witnessing growth rates ranging from 7-15%, with the biggest demand growth seen for highly experienced professionals, reports the latest RecruiteX – the recruitment index by TimesJobs.com.

“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.

Professionals with over 20 years of experience posted a rise of 15% in demand in June 2016. The category had reported a moderate 1% rise in demand in the last 6 months. In addition,

• Candidates with over 10-20 years of experience witnessed 11% rise in demand
• Candidates with 5-10 years saw a 14% rise in demand, and
• Candidates with 2-5 years of experience saw 7% rise in demand
• However, the less than 2 years experience level was the only category to post a drop (4%) in demand during June 2016.

Having access to TimesJobs data, generated from the largest collection of jobs in India – RecruiteX is able to provide realistic and reliable snapshots of the state of demand for talent in India Inc. RecruiteX decodes this data into hiring trends by evaluating the demand for talent across industries, experience, functions and locations in the country. Here are the other key takeaways from the latest report –

Hiring up across major employment hubs
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.

• Jaipur saw 13% rise in talent demand
• Ahmedabad and Indore both witnessed 8% rise in demand
• Chandigarh also posted 2% rise in talent demand

Demand for business management and consultants
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 witnessed a 12% rise in demand during the month. Demand for Engineers and IT/Telecom professionals rose by 5% and 10% respectively.

• Logistics, supply chain and quality control profiles saw 11% rise in demand
• Banking, insurance, financial services professionals also posted 11% rise in demand
• Demand for media and journalism professionals also reported a 1% rise

Hiring up in key sectors
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 2 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. In addition –

• Logistics sector posted 4% rise in demand
• Infrastructure and petrochemicals sectors posted 3% rise in talent demand
• Retail industry also witnessed a 1% rise in talent demand

Read the RecruiteX report for June 2016:
http://content.timesjobs.com/docs/RecruiteXJune2016.pdf

About RecruiteX: Having access to the largest collection of jobs on TimesJobs.com – RecruiteX is able to decode the hiring trends in the country after evaluating the demand of talent across industries. The study scans key industries, assessing current hiring trends on the basis of location, functional areas and experience in each sector providing a consistent, realistic and reliable snapshot of the genuine state of Demand for Talent in India Inc.

About TimesJobs.com:

TimesJobs.com, a flagship business of Times Business Solutions (TBS), is a platform to help competent professionals make smarter career decisions. With over 25 million registered jobseekers across the board and more than 60 million page views every month, it is fast becoming the most preferred career portal among the candidates.

TimesJobs is leading in the recruitment and employment space with its pioneering and dynamic divisions because it successfully meets all the needs of the jobseekers. Its major platforms include:

• TechGig: India’s biggest dais for tech professionals to help them Learn, Showcase & Compete in the IT industry.
• JobBuzz: A well-known portal that provides information & insights about different companies, job profiles and interview processes.
• StepAhead: StepAhead offers Professional Resume writing and distribution services, career astrology, resume improvement to help jobseekers accelerate their career.

Also, TimesJobs has the largest collection of jobs in the market, which ensures that whenever and wherever there is a great opportunity, jobseekers will discover it on the platform.

In the recruitment market as well, being the biggest platform for competent professionals who think of their careers first, TimesJobs has become the destination of choice for recruiters who seek to engage with the right talent.