Talent demand is on an upswing at India Inc. indicating that it is business as usual at the corporate floors as the Modi 2.0 government is settling in and formulating the new union budget, according to TimesJobs which has released the findings of its RecruiteXJune 2019 edition.
The month of June 2019 posted 22 percent Y-o-Y growth in talent demand, like the May 2019 trend. The latest edition revealed that the IT/Telecom sector noted highest Y-o-Y talent demand with 28 percent growth followed by the Consumer Durables/FMCG sector which posted 23 percent Y-o-Y growth in talent demand.
Commenting on the findings of the June 2019 edition of TimesJobs RecruiteX, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “It’s promising to see that the talent demand is positive despite the recent elections and government formation - a period that typically sees some instability. While the IT sector has traditionally been a big employment generator in India,it’s good to note that other key sectors such as Healthcare, Construction, and Consumer Durables/FMCG sectors have also witnessed strong Y-o-Y growth in talent demand. Even the location-wise hiring trends have shown a positive picture with Chennai showing a Y-o-Y growth of 46 percent.”
In sector-wise Y-o-Y analysis revealed that Healthcare and Construction sectors have witnessed 21 percent growth each in talent demand, thereby claiming the third and fourth spot on the list.
Retail sector (7 percent) noted the highest growth in talent demand in the M-o-M analysis. The sector was followed by Consumer Durables/FMCG (3 percent).