A 5-30% y-o-y growth rate in talent demand is seen in Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Tripura, Nagaland and Sikkim shows the RecruiteX data from Feb 2014-Feb 2015
March 17, 2015: The latest TimesJobs data reflects an upsurge in hiring trends in Northeast India. The Automobile, IT-software, consumer durables/FMCG and BFSI sectors are driving job growth. Data indicates residents of the North-East are likely to earn more in their hometowns than in metros in similar job profiles.
“The Prime Minister’s focus on the region coupled with improving interstate infrastructure and telecommunications are providing a strong impetus to economic development and job growth in the Northeast. With a young and a ambitious, well-educated population it is quite possible that the Northeast is going to be the new ITeS & BPO hub of India.” says Vivek Madhukar, COO, TimesJobs.com
These new findings refute the perception that the North-East does not offer good employment opportunities. In fact, the percentage growth in demand for talent in the eight states is higher than that in the metro cities according to the TimesJobs report.
An analysis of TimesJobs.com RecruiteX data from Feb 2014-Feb 2015 shows that the North-Eastern states are emerging as new job hotspots.
In the average year-on-year (y-o-y) analysis, Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Tripura, Nagaland and Sikkim have reported growth rates in the range of 5-30 per cent for talent demand. In comparison, the top five metros reported an average growth of just 2 per cent in the same period.
Manipur is leading the demand for talent with 21 per cent growth in demand for talent as compared to last year. According to TimesJobs.com data for the state, there are more jobs available in the salary bracket of Rs 15-25 lakh as compared to the Rs 4 lakh plus salary bracket. The demand is almost four to five times higher and is driven by automobile, IT-software, consumer durables/FMCG and BFSI industries.
Arunachal Pradesh is another major gainer with an average y-o-y growth of 19 per cent in talent demand among the eight states. Interestingly, here the highest numbers of jobs are available in the Rs 4-10-lakh salary bracket. Also, there are more jobs in the Rs 25-50 lakh bracket compared to the Rs 10-25 lakh bracket.
This clearly indicates that residents of the North-East are likely to earn more in their hometowns than in metros in similar job profiles. Sectors such as education, travel and tourism, FMCG and BFSI are strong across the region.
In a state-wise analysis, Nagaland and Tripura recorded an average y-o-y growth of 17 and 12 per cent, respectively. In both states, telecom, IT-software and insurance sectors are driving the demand. Professionals with 2-5 years experience are the most sought after.
Assam, Meghalaya and Mizoram have also reported higher average y-o-y growth in talent demand than the metros. The average growth in these three states ranged between 5-6 per cent.
In Sikkim, the demand for talent is up by 6 per cent in Hotel/Travel, IT-software and Biotech/Pharma. However, demand is mostly for entry-level roles with salaries going up to just Rs 2 lakh per annum.
Experts say improving job market in the region are due to improved infrastructure, consumer sentiments and investments in IT and core manufacturing sectors such as automobile, consumer durables and FMCG, reports TimesJobs.com
Click Here to Download the RecruiteX Report – http://content.timesjobs.com/talent-demand-rises-ittelecom-leads-recruitex-february-2015/
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
– Step Ahead 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.