Healthcare was the top employment generator of the month, as other key sectors of the economy also contributed significantly to the surge in talent demand.
September 20, 2016: Just as the festive season begins, its time for job-seekers to celebrate more jobs as hiring finally picks up pace with a 8% surge in August 2016, after witnessing a numb phase for the last two months.
Talent demand grew by 8 per cent during August 2016, as hiring activity revived across key sectors, reveals latest RecruiteX, the recruitment index by TimesJobs.com. were the top hiring sectors during August 2016.
“The RecruiteX trend for job growth from last year shows a 4% drop during August 2015. A surge of 8% during the same period this year is a clear indication of a flourishing economy lead by job growth in the key sectors of healthcare, construction, BPO/ITeS, BFSI and manufacturing. Government employment generation and entrepreneurial initiatives in the private sector have started showing results and we anticipate a similar recruitment trend in times ahead,” says Nilanjan Roy, Head of Strategy, Times Business Solutions.
Key takeaways
Healthcare sector reported over 30% rise in talent demand
Doctors/medical professional posted 30% rise in demand
Demand up by 21% for professionals with 10-20 years of experience
Among metros, Bengaluru leads demand with 18% rise in demand
Healthcare top hiring sector
Healthcare sector emerged as the top employment generator with over 30% rise in talent demand. The media and entertainment sector registered a growth of 16% during August 2016. Among other key sectors, the BFSI sector witnessed 9% rise and IT/telecom sector posted 8% rise in talent demand during the month.
BPO/ITeS sector reported 13% increase in demand
Manufacturing industry registered 12% rise in demand
Hiring up by 6% in the automobile sector
Medical professionals in demand
Demand for doctors and medical professionals grew significantly during August 2016. The profile posted a 30% rise in demand during the month. Entertainment/media/journalism professionals saw 27% rise in demand. Business management, consultants and freelancers reported a 22% increase in demand during August.
Biotechnology and pharmaceutical profile saw 21% rise in demand
Engineers reported 11% increase in demand
Hospitality professionals witnessed 19% rise in demand
Experienced professionals in demand
The demand for professionals with more than 5 years of experience reported a significant 17% rise during August 2016. Candidates with 10-20 years of experience witnessed the maximum rise (21%) in demand during the month. This category has registered a consistent average 11% rise in the last three months. Demand for candidates with less than 2 years of experience also reported a rise of 9%.
Demand for candidates with over 20 years of experience increased by 19%
Candidates with 5-10 years of experience posted 11% rise in demand
Candidates with 2-5 years of experience posted 7% rise in demand
Bengaluru best performing metro
Among metros, talent demand was highest in Bengaluru. The city posted a rise of 18% in talent demand during August 2016. It was followed by Chennai with a 13% rise and Delhi-NCR with 12% rise in talent demand. Among top ten, Lucknow was the top hiring location with a rise of 22% in talent demand.
Hyderabad posted 15% rise in demand
Ahmedabad registered 14% increase in demand
Among states, Gujarat (except Ahmedabad and Vadodara) witnessed 7% rise in demand
Click the link below to download the complete RecruiteX Report:
http://content.timesjobs.com/docs/RecruiteXAug2016.pdf
About TimesJobs.com:
TimesJobs.com, the 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 the needs of competent working professionals looking to maximize their career growth. Its major platforms include:
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JobBuzz: A well-known portal that provides information & insights about different companies, job profiles and interview processes.
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In addition, 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 identify and engage with the right talent.