Auto, Retail And BFSI Top Hiring Sectors In July-December 2018
Overall talent demand increased by 4 percent, while automobiles sector topped the hiring tally with a 14 percent increase in talent demand in July–December 2018
July–December 2018 was a busy month for recruiters with most of them scouting for talent, as outlined by the latest TimesJobs RecruiteX Biannual report. This report noted a 4 percent growth in overall talent demand in the said period.
The report concluded that Automobiles, Retail, and BFSI were the top hiring sectors with 14 percent, 13 percent and 9 percent 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 topmost hiring sector. The IT sector noted 7 percent 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.
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 percent M-o-M and that followed in the next six months as well. We expect this momentum to remain for some time.”
Automobile sector noted the 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.