January 27, 2015: Hiring activity grew by 2 per cent year-on-year through 2014, with Retail and BFSI leading the charge according to TimesJobs’ latest RecruiteX report. The TimesJobs RecruiteX has shown a steady growth in demand, suggesting a sustained momentum in hiring activity. The growth is expected to continue through this year believe experts.
“As TimesJobs’ data shows – 2015 seems to be a good time to be active in the job market. With a stable government and strong economic cues, the inevitable growth of Indian Industry will fuel considerable job growth in the country as well. Companies in core sectors of IT, engineering, manufacturing, BFSI, hospitality, logistics, ecommerce and retail will emerge as leading employers.” remarked Vivek Madhukar, COO, TimesJobs.com.
Key Highlights from TimesJobs’ RecruiteX
- Retail and BFSI sector reported 4-6% rise
- Jobs in the HR function posted double digit growth month-on-month (12%).
- Fresher hiring picked up by 8%.
- Metros lead demand including Delhi NCR, Mumbai, Bengaluru and Chennai registering an average growth of 8 per cent Small city Jaipur posts a substantial 12% rise in demand
Retail, BFSI Lead the Charge
The Retail sector emerged as the top employment generator in December 2014 with a 6 per cent rise in demand and the BFSI sector reported a 4 per cent rise. BFSI was also the top hiring sector during the same month last year.
- IT/Telecom sector reported a 3 per cent increase in hiring
- Hiring up by 5 per cent in the Automobile sector
- BPO/ITeS industry registered a 4 per cent increase in hiring
HR is the Top function in Demand
The demand for HR professionals registered a rise after two months of slowdown. The profile reported a 12 per cent rise in demand during December 2014. It was the only profession to witness a double-digit rise during the month. The rise in demand for front office/administration professionals reported an 8 per cent growth.
- IT/telecom professionals witnessed 6 per cent increase in demand
- Customer service/tele calling and entertainment/media/journalism professionals reported 7 per cent increase
- Marketing & advertising profiles witnessed an increase of 5 per cent
Entry Level Jobs for Freshers pick up
Experienced workforce is in demand as corporate India plans expansion in 2015. The demand for the category registered steady growth during Sep-Nov 2014. However, in December it registered an average 3 per cent drop. Jobs for entry-level candidates made a comeback during the month. This category has been witnessing sluggish hiring trends during the last three months. Demand for the 2-5 years of experience professionals increased by 7 per cent in December 2014 while it was stable during the previous month.
- Candidates with less than 2 years of experience witnessed 8 per cent rise
- Demand for candidates with 10-20 years of experience reported 1 per cent rise in hiring
- Candidates with 5-10 years of experience witnessed stable (0%) hiring
Metros race ahead
Metros including Delhi NCR, Mumbai, Bengaluru and Chennai registered an average growth of 8 per cent in December 2014, according to the TimesJobs RecruiteX. Bengaluru and Chennai emerged as the top job hubs with a 12 per cent rise in demand. Metros have witnessed sluggish hiring in the last quarter of 2014 but the market revived in December with positive hopes for 2015.
- Delhi NCR witnessed 3 per cent rise in demand for talent
- Among tier II cities, Jaipur registered 12 per cent increase in hiring
- Among states, Maharashtra (except Mumbai and Pune) witnessed maximum increase (10%) in demand
TimesJobs’ RecruiteX provides detailed insights into the recruitment trends in India to employers, recruiters and jobseekers alike. RecruiteX tracks both the demand and supply aspects of the recruitment market. Demand for talent is computed by factoring activities of recruiters on TimesJobs.com. The supply of talent is representative of activities conducted by job seekers on TimesJobs.com. This demand and supply data is integrated with numbers collected by offline teams and is further refined according to top industry verticals, functional areas and locations.