TimesJobs presents the RecruiteX report reflecting hiring activity in India with a complete analysis of demand in relation to experience, sectors, functional areas and locations.
Key takeaways from the latest edition of RecruiteX 1. Demand up by over 30% for senior professionals
2. Healthcare sector reports an 8% rise in talent demand
3. Demand grew by 17% for doctors, nurses and medical professionals
4. Hyderabad and Ahmedabad posted a 21% rise in talent demand
Senior professionals in demand The demand for senior professionals with over 20 years of experience reported a rise of over 30 percent during March 2017. Professionals with 10-20 years of experience also saw a 3 percent rise in demand, during the month. Those with 0-5 years of experience witnessed a rise of 3 percent in demand. Only demand for professionals with 5-10 years of experience registered a 4 percent drop in demand, during the month.
"Led by a business-friendly government and Corporate India's expectation of policy stability over the next 10 years, organizations are gearing up for growth, which is reflected in the increased demand for senior managerial talent as reported by TimesJobs RecruiteX. Whenever organizations get ready for growth we have seen a marked increase in demand for senior managerial talent. We do not see such demand for senior profiles in the case of ordinary replacement hiring," says Nilanjan Roy, head of strategy at Times Business Solutions.
Healthcare top employment sector
Healthcare was the top hiring sector of the month, followed by consulting services and the real estate sector. The healthcare industry posted an 8 percent rise in talent demand in March 2017. The consulting services and real estate sectors, both, saw a 5 percent rise in talent demand during the month. Petrochemicals posted a 4% rise in demand while the IT & Telecom industries reported a 3 percent rise in talent demand during the month. The manufacturing sector also saw a 2 percent rise in talent demand. Among other key highlights, the retail and BFSI sectors saw a drop in demand of 5 percent and 4 percent, respectively.
Doctors and medical professionals in demand Doctors, nurses and medical professionals saw a 17 percent rise in demand in March 2017. These professionals have witnessed an average rise of 2 percent in demand since January 2017. Hospitality professionals also posted a rise of 6 percent in demand, during the month. Engineers saw a demand of 5 percent in March 2017. IT and Telecom professionals witnessed a 3 percent rise in demand and business management, consultants and freelancers saw a rise of 2 percent in demand.
Hyderabad and Ahmedabad were the best performing locations Hyderabad was the best performing location with 21 percent rise in talent demand. Ahmedabad also posted a 21 percent rise in talent demand, in March 2017. Indore also saw a rise of 16 percent in demand. Among metros, Chennai was the only city to report growth at 8 percent in talent demand, during the month. No other metro saw growth in hiring activity during the month with Delhi NCR posting the highest drop (-8 percent) in talent demand.
