February 10, 2015: Online hiring activity grew by 11 per cent in January 2015, with IT/Telecom leading the demand, reports the latest RecruiteX by TimesJobs. This is the first time since 2012 that online hiring has increased for three months in a row.
“A new energized government, quick policy decisions and reforms are pushing up hiring across key sectors. E-commerce and startups continue to contribute significantly, to the growth of the job market in 2015. Innovation and technology interventions are creating opportunities that are set to boost employment by creating new and unique roles and jobs, in times ahead. In order to sustain double-digit job growth, investments in IT and manufacturing sectors will be needed to be stepped up.” explains Vivek Madhukar, COO, TimesJobs.com.
Key takeaways from RecruiteX
· IT/Telecom sector reports a 19% rise
· IT professionals demand posts 17% growth month-on-month
· Demand is up for senior professionals by 14%
· Bengaluru leads demand. Small city Chandigarh posts 17% rise in demand
IT/Telecom lead
The IT/Telecom sector emerged as the top employment generator in January 2015 with a 19 per cent rise in demand. The sector witnessed an average 9 per cent increase in demand in the last three months (Nov-Jan 2015).
· Logistics & Warehousing sector reported 14% increase in hiring
· Healthcare industry registered 12% increase in hiring
· Hiring was up by 11% in the Automobile and Consumer Durables/FMCG sector
Tech professionals in demand
The demand for IT professionals registered a 17 per cent rise in demand in January 2015. The profile has been witnessing a steady increase in demand since June 2014, resulting in an average increase of 5 per cent in the last eight months (Jun 2014-Jan 2015). Logistics/supply chain management was the biggest gainer in January 2015. The profile reported a 24 per cent rise in demand; it witnessed an average 2 per cent rise on year-on-year basis.
· Business management/consultants/freelancers witnessed a 17% increase
· Doctors/nurses/medical professional reported 26% increase in demand
· Accounting & finance and customer service/tele-calling witnessed 9% increase in demand
Experience sought
The demand for experienced professionals reported an average 12 per cent growth in January 2015. Candidates with over 20 years of experience witnessed 14 per cent rise in demand. The category registered an average year-on-year growth of 3 per cent.
· Demand for 10-20 years of experience candidates increased by 11%
· Candidates with 5-10 years of experience witnessed 12% rise in demand
· Demand for candidates with less than 2 and 2-5 years of experience reported 8 per cent rise in demand
Bengaluru top employment hub
Bengaluru registered an average growth of 19 per cent in January 2015, according to TimesJobs RecruiteX. It reports an average 2 per cent rise year-on-year. Other metros, too report growth in hiring in January 2015. Among tier II locations Chandigarh tops the chart with 17 per cent rise in demand.
· Delhi NCR witnessed 16% rise in demand for talent, followed by Chennai (13%)
· Hyderabad registered 14% increase in demand
· Among states, Andhra Pradesh (except Hyderabad) witnessed maximum increase (26%) in demand