November 15, 2021, New Delhi: The ongoing festive phase and complete reopening of markets, retail centres and workspaces triggered the Retail, FMCG and Construction sectors to post maximum talent demand in Oct’21. These sectors had topped the talent demand indices in the same order in Sept’21 too. This indicates a strong sentiment at India Inc. to resume work and business as it was in the pre-COVID-19 era.
Oct’21 saw 5% M-o-M and 3% Y-o-Y gain in the overall talent demand, noted TimesJobs RecruiteX Oct’21 edition. TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
The Retail sector saw 23% M-o-M growth in talent demand in Oct’21, followed by the FMCG/Consumer Durables sector that noted 19% improvement in demand. With most infra and construction projects now operational, the manpower-intensive Construction/Cement sector saw 6% increase in the monthly talent demand.
A city-wide analysis of talent demand showed that Delhi-NCR claimed the most talent demand growth (12%) in the study period, a stark improvement from its -18% mark in Sept’21. Similarly other metro cities such as Chennai (6%), Mumbai (5%) and Bengaluru (3%) too featured among the top gainers of talent demand in Oct’21. This trend emerged as most corporates reopened their workspaces and are strengthening their talent pool accordingly. Ahmedabad with 9% growth was the only Tier-II city to find a place in the top city-wide list.
Work experience-wise, senior professionals with more than 20 years of experience were most in demand in the review period with 11% growth in talent demand. This was followed by talent demand for freshers (professionals with less than 2 years of experience) with 7% increment.
Top gainers at TimesJobs RecruiteX Oct’21 edition
– Industry-wise: Retail (23%)
– Location-wise: Delhi-NCR:(12%)
– Functional area wise: Accounting & Finance (13%)
– Work experience-wise: 20+ years of experience (11%)
Sharing more insights from the TimesJobs RecruiteX Oct’21 edition, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “The rising consumer sentiment and re-opening of the workspaces triggered 5% M-o-M and 3% Y-o-Y gain in India Inc’s talent demand. With festive buying in full swing, Retail, FMCG saw a double digit growth of 23% and 19% in Oct’21 v/s Sept’ 21 study. The metro cities reclaimed top positions in the city-wise analysis of talent demand with Delhi-NCR (12%), Chennai (6%), Mumbai (5%) and Bengaluru (3%) as top gainers. This is the first time this year that the metro cities have emerged as top gainers in the city-wise study of talent demand”.
Here are the main highlights from RecruiteX Oct’21 edition:
Sector-wise>> Top sectors for talent demand growth
Retail: 23%
Consumer Durables/FMCG: 19%
Construction/Cement: 7%
BFSI: 5%
Petrochemicals/ Oil and Gas/ Power: 5%
Location wise>> Top cities for talent demand growth
Delhi NCR:12%
Ahmedabad: 9%
Chennai: 6%
Mumbai: 5%
Bengaluru:3%
Functional-area wise>> Top functional areas for talent demand growth
Accounting & Finance: 13%
Logistics/ Supply Chain Management/ Procurement: 12%
Engineering: 10%
Front Office/ Administration: 11%
Banks/Insurance/Financial Services: 6%
Work-experience wise>>
– 20+ years of experience: 11%
Freshers (less than 2 years): 7%
5-10 years: 4%
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About RecruiteX:
RecruiteX is the recruitment index for India. It is an analysis identifying the hiring activity and trends in India Inc. Based on tactful extraction and examination of jobs posted and applied for in a month at TimesJobs, it details ‘recruitment’ as a process backed by hiring sentiments of a recruiter and aspirations of the job seekers alike.