Talent demand rises for the fifth straight month, records 22% YoY growth
· TimesJobs RecruiteX May 2019 report have recorded 22% Y-o-Y growth and 6% M-o-M growth in online recruitment activities
· Automobile sector is bullish on talent demand; followed by Construction and BPO
· Logistics/ Supply Chain Management/ Procurement profiles were most sought after in May 2019
With 22% Y-o-Y growth, May 2019 became the fifth straight month to record an upsurge in the talent demand, as stated by the TimesJobs RecruiteX May 2019 report. TimesJobs RecruiteX – a monthly recruitment index records the demand and supply of talent. The May 2019 edition of RecruiteX noted a 6% M-o-M gain in talent demand, with the Automobiles and Construction sectors noting maximum talent demand.
Commenting on the findings of the TimesJobs RecruiteX May 2019 edition, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “The Automobiles sector is one of the strongest pillars of the Indian economy. Presently, the sector is witnessing new product launches, the advent of new international brands in India and is also gearing up for new policies that encourage the mass production of electric vehicles. The Automobiles sector is witnessing a shift in its way of working as well. It’s no surprise that the sector claimed highest talent demand in May 2019”.
Automobiles sectors leads talent demand in May’19
Automobiles – 15%
Construction – 14%
BPO/ITeS -10%
Interestingly, the Automobiles sector was on the fifth spot last month with 3% talent demand and massively improved its talent intake to become the top sector (with 15% talent demand) in May 2019. On the other hand, the Healthcare sector – which saw the highest talent demand of 12% in April 2019 slipped to the ninth spot in the May 2019 tally with just 3% talent demand.
Demand for Logistics professionals post double-digit growth
Logistics/ Supply Chain Management/ Procurement – 10%
Accounting & Finance – 8%
Front Office/ Administration – 6%
In functional-area wise analysis, Logistics/ Supply Chain Management/ Procurement was most in-demand job profile. It had noted 6% talent intake in April 2019 and jumped on to register 10% talent demand in May 2019.
Chennai shows highest growth in online recruitment activity
Chennai – 29%
Lucknow – 24%
Mumbai – 18%
Jaipur which was on top of location wise tally in April 2019, didn’t witness new much talent intake in May 2019.
Senior level professionals most in demand
Professionals with 20+ years of work experience (20%)
People with work experience between 10-20 years (10%)
People with 2-5 years of work experience (4%)
Mirroring the trend of April 2019, demand for talent in May 2019 was highest for candidates with 20+ years of work experience.
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.
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