Auto, Retail and BFSI were the top hiring sectors in July-December 2018: TimesJobs RecruiteX Biannual report

Auto, Retail and BFSI were the top hiring sectors in July-December 2018: TimesJobs RecruiteX Biannual report

Sanjay Goyal, Business Head, TimesJobs and TechGig said, “The surge in overall talent demand from July-December 2018 is a positive development and indicates that India Inc. has been in the hiring mode. In July 2018, the hiring activities recorded a huge rise of 16% M-o-M and that followed in the next six months as well. We expect this momentum to remain for some time.”
The much-awaited TimesJobs RecruiteX Biannual hiring trends report cites that India Inc. was on a hiring spree from July to December 2018. Key findings of the TimesJobs RecruiteX Biannual July-December 2018 edition are: Overall talent demand increased by 4% in July–December 2018 review period. Retail and BFSI sectors followed with 13% and 9% growth respectively.IT sector followed next with 7% growth. Bengaluru, Ahmedabad, Vadodara, Pune, and Chennai were among the top job hubs

April 26, 2019, New Delhi: July–December 2018 was a busy month for recruiters with most of them scouting for talent, as outlined by the latest edition of the TimesJobs RecruiteX Biannual report. This report noted a 4% growth in overall talent demand in the said period.

The report concluded that Automobiles, Retail and BFSI were the top hiring sectors with 14%, 13% and 9% growth in talent demand respectively. Automobiles sector is presently witnessing rapid developments with the advent of electric vehicles and entry of big foreign players in the Indian market. These are changing the configuration of the Auto sector and its workforce requirements.

The Indian IT sector which wasn’t among the top five sectors for recruiting during the January- June 2018 period, picked significant pace in the July-December 2018 period and was the fourth top most hiring sector. The IT sector noted 7% growth in talent demand from July-December 2018, owing to the diversification plans of most corporates. Leading Indian IT firms are diversifying their offerings and showcasing innovative ideas in new-age technologies like Blockchain and Artificial Intelligence and hence their talent needs are changing accordingly. Delhi-NCR was the top job hub for all IT related job opportunities across junior, middle and senior management levels.

Commenting on the findings of the RecruiteX Biannual report, Sanjay Goyal, Business Head, TimesJobs and TechGigsaid, “The surge in overall talent demand from July-December 2018 is a positive development and indicates that India Inc. has been in the hiring mode. In July 2018, the hiring activities recorded a huge rise of 16% M-o-M and that followed in the next six months as well. We expect this momentum to remain for some time.”

Here’s a summary of the sectors which posted high talent demand:

Automobiles sector – It noted maximum growth in talent demand (14%). Specialists in Banks/Insurance/ Financial Services and Accounting & Finance were the most sought after in the Auto sector.

                                          
Retail sector
 – This sector posted the second highest talent demand in the review period. Demand for talent grew at the middle level and senior levels of management.

BFSI sector – Delhi-NCR had the highest job share and talent demand for freshers increased during July-December 2018.

Detailed report is available @

https://content.timesjobs.com/documents/RecruiteX_Biannual_2019_Online.pdf

 

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