Talent demand continues upward trend for BFSI, IT & Telecom: TimesJobs.com RecruiteX

timesjobsThe IT & Telecom sectors posted an increase of 17% in hiring activity, while the BFSI sector posted a 9% rise in talent demand year-on-year (y-o-y)

Dec 15, 2015: Buoyed by the wave of development created by the Government’s initiatives like Digital India and Smart Cities – The demand for skilled professionals in the banking, financial services, insurance, IT & telecom sectors have all seen a consistent upward trends, even as the overall RecruiteX demand index dropped by 8% y-o-y.

The IT & Telecom sectors clocked a whopping 17% rise in demand between November 2014 and 2015 and were the top employment generators even at the start of 2015 with nearly 20% rise in demand in January. Between January and November 2015, the sector continued to consistently register a rise in talent demanded each and every month.

“The TimesJobs.com RecruiteX for the IT & telecom sectors has been rising steadily for the past six months. With digitization, IoT and more policy reforms on the cards, this growth trend is expected to continue into next year. However, the sector is expected to be cautious of mass hiring in fiscal 2016, and would be largely taking stock and focusing hiring needs on niche roles,” says Vivek Madhukar, COO, TimesJobs.com.

The BFSI sector has also registered a 9% growth in hiring between November 2014 and 2015 while consulting services sector posted a 4% rise y-o-y.

  • The travel & hospitality sectors posted 3% rise in demand y-o-y
  • Demand in media and entertainment industries has been stable between November 2014 and 2015.

Subsequently, demand for IT & telecom professionals also grew by 15% between November 2014 and 2015. Business management consultants and freelancers also witnessed a 14% rise in demand.

  • Demand was up by 16% for lawyers & legal professionals y-o-y as well.
  • Content, editorial and journalists’ profiles also saw an 8% rise in demand

The demand index for experienced professionals grew significantly between November 2014 and 2015. Candidates with over 2-5 years and 5-10 years of experience posted 18% and 13% increases respectively in demand y-o-y.

“With both big companies and start-ups in expansion mode and some venturing into new business avenues, demand for experienced professionals, especially at the middle level, will rise to sustain credible growth rates,” Madhukar added.

Senior profiles of candidates with 10-20 years experience have also reported 6% rise y-o-y.

Among metros, flood-hit Chennai’s recruitment index in November 2015 dropped by 1% on y-o-y index. While, in October 2015, talent demand was up by 16% in the city.

Bengaluru topped the charts again with over 30% rise in talent demand between November 2014 and 2015. Among non-metros, Ahmedabad also saw over 30% rise in talent demand, according to TimesJobs.com RecruiteX.

Click Here To Download the Complete Report – http://content.timesjobs.com/docs/RecruiteXNov2015.pdf

About TimesJobs.com:

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 25 million registered job-seekers across levels and functions who clock-in over 60 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.