Talent demand jumped by 3% in automobile sector even as other sectors held back hiring in March 2016, reports RecruiteX
April 11, 2016: During March 2016, while most sectors were engaged in financial year closing and performance appraisals. The focus was more on retaining talent rather than new hiring, which kept the overall fresh hiring volumes low. However, the automobile sector defied the trend with a significant (3%) rise in talent demand reports RecruiteX, the recruitment index by TimesJobs.com.
While FY 2016-17 began on a low note for most sectors with an overall average 1% drop in talent demand, sectors such as IT, telecom, BFSI and automobile witnessed positive momentum between March 2015 and March 2016.
“During the start of the new financial year, organizations set new policies and frameworks and take stock of available and required resources. Hence hiring volumes are usually low. Whatever hiring takes place during this period is largely replacement hires or for niche profiles and roles. This trend is evident in the figures reported in the RecruiteX,” says Vivek Madhukar, COO, TimesJobs.com.
Key takeaways
- Automobile sector reported 3% increase in talent demand in March 2016
- Entertainment/ media/ journalism profiles saw 2% rise in demand
- Vadodara reported 8% rise in talent demand during the month
- No increase in talent demand in any experience category
Hiring up in auto sector
Automobile was the only key sector to witness a rise in talent demand during March 2016. Accounting, tax and consulting firms also posted an average rise of 2% during the month, reported RecruiteX. Travel & hospitality and healthcare sectors, which were the top employment generators in February 2016, witnessed 15% and 10% drop in demand in March 2016, respectively.
- IT/telecom and logistics sectors posted 5% drop in talent demand
- BFSI and real estate sectors reported 7% drop in hiring
- Retail industry saw 9% drop in talent demand
Demand up for media professionals
Media, entertainment and journalism professionals continue to post increased demand. After a 20% rise in February 2016, the sector reported another rise of 2% in March 2016.
Lawyers and legal professionals also reported a 4% rise in demand during the month. The demand for medical professionals, which has been steadily growing for the past three months with an average rise of 13% since December 2015, dropped by over 20% in March 2016.
- Hospitality professionals reported 15% drop in demand
- Administration professionals witnessed 12% drop in demand
- Sales, business development professionals saw 6% drop in demand
Small cities top talent demand
Talent demand grew in small cities and towns with Vadodara posting the highest rise of 8% during March 2016, reported RecruiteX. In the north-east, Sikkim, Manipur, Tripura and Assam also reported an average rise of 10% in hiring during the month. Kerala was the best-performing southern state with an average 8% rise in talent demand in March 2016. The state has registered an average 1% rise in hiring since January 2016.
- Delhi NCR posted 7% dropped in hiring activity
- Pune saw 11% dropped in talent demand
- Hyderabad witnessed stable hiring
Click here to download the complete report –
http://content.timesjobs.com/docs/RecruiteXMarch2016.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.