Hiring Up By 4 Per Cent In May 2017: Report
Skill demand increased by 4 per cent in May 2017 with Business Process Outsourcing (BPO) and Banking Financial services and Insurance (BFSI) sectors showing an increase of 24 and 14 per cent in the talent demand, respectively, according to the latest TimesJobs Recruitex report.
During the month of April 2017, hiring registered an increase of 3 percent.
Automobiles and consulting services sectors also posted considerable rise in talent demand during the month.
Healthcare sector posted 15 per cent rise in demand. Consulting services sector reported a rise of 13 per cent in talent demand. Both automobiles and BFSI sectors saw 12 per cent rise in demand. Real estate sector posted 9 per cent rise in demand.
Customer service professionals reported over 20 per cent rise in demand. Doctors, nurse and medical professionals witnessed 19 per cent rise in demand. Accounting and finance professionals saw 8 per cent rise in demand and IT/telecom profile witnessed 6 per cent rise. However, senior professionals posted a 5 per cent rise in demand.
Talent demand in industry in April compared to May
Candidates with over 20 years of experience reported highest rise of over 20 percent in demand during May 2017. Professionals with 10-20 years of experience posted 14 per cent rise in talent demand, followed by candidates with 5-10 years of experience with 7 per cent rise. Candidates with 2-5 years of experience witnessed 6 per cent rise, while candidates with less than 2 years of experience reported 3 per cent rise.
Talent demand grew significantly in tier II locations and there was positive hiring momentum in most major locations during May 2017. Jaipur was the best performing location during the month.
