About RecruiteX - TimesJobs
OCTOBER 2015
CONTENT About RecruiteX Hiring Trends Executive Summary Industry-wise Recruitment Trends Functional Area-wise Recruitment Trends Location-wise Recruitment Trends Experience-wise Recruitement Trends Contact Us OCTOBER 2015
ABOUT RECRUITEX OCTOBER 2015 ABOUT The supply of talent is representative of activities conducted by job-seekers on TimesJobs.com. This RecruiteX is the recruitment index for India. It demand and supply data is integrated with numbers is an analysis identifying the hiring activity and collected by our offline team and then segregated trends in India Inc. Based on tactful extraction and according to top industry verticals, functional areas examination of jobs posted and applied for in a and locations. month, it details 'recruitment' as a process backed The base value for the index has been kept at 100 by hiring sentiments of a recruiter and aspirations for the month of December 2010. All RecruiteX of a job seeker. It is the only report which decodes values for subsequent months represent the trend the hiring trends in the country after evaluating the of RecruiteX viz-a-viz December 2010. The supply demand and supply of talent across industries. data has been recalibrated in the month of August METHODOLOGY 2015 to incorporate market reality. RecruiteX, in its most comprehensible format, RecruiteX represents the demand and supply aspects is aimed to provide a detailed insight of the of recruitment. Demand for talent is computed by recruitment market in India to employers, recruiters factoring activities of recruiters on TimesJobs.com. and job seekers alike.
HIRING TRENDS OCTOBER 2015 HIRING UP BEST PERFORMING SECTORS by 2% in October 2015, key sectors contribute 11% Jan 2015 9% 4% 3% 3% Consulting services IT/telecom BPO/ITeS Travel & hospitality 8% Jul 2015 4% Sep 2015 2 0 SOUGHT-AFTER PROFILES 13% 12% Entertainment/ media/ journalism -1 -2% Jun 2015 -4% -4% Aug 2015 Mar 2015 16% May 2015 9% Business management/ Engineers consultants/freelancers TOP HIRING LOCATIONS Chennai -12% BFSI % Oct 2015 % Apr 2015 % Feb 2015 2% 11% 14% 8% IT/telecom 7% Hospitality EXPERIENCE-WISE DEMAND 7% Bengaluru Mumbai 14% 10% Hyderabad Ahmedabad 2 years 3% 3% 2-5 years 5-10 years 3% 1% 10-20 years 20 years
EXECUTIVE SUMMARY Talent demand rose by 2 per cent during October 2015 as hiring activity picked up pace across key sectors, reveals the latest RecruiteX, the recruitment index of TimesJobs.com. Overall, hiring activity has witnessed a 2 per cent rise since August 2015. Among key sectors, IT, BPO/ITeS and consulting services posted a significant rise in demand for talent. Engineers were in demand in October 2015. Entertainment/ media/journalism professionals posted the maximum rise in demand. Among key locations, metros saw buoyant talent demand with Chennai witnessing the highest rise followed by Bengaluru. OCTOBER 2015 Hiring activity was active across experience categories barring over the 20-years experience bracket, which reported a 1 per cent drop in demand during the month. Candidates with less than 2 years of experience witnessed the maximum rise in demand. The category posted a rise of 11 per cent in month-over-month analysis. The supply index witnessed a 9 per cent drop during October 2015. IT/telecom and retail industries reported the maximum drop in supply of talent during the month. These sectors witnessed an average drop of 25 per cent in job-seeking activity during the month of October 2015.
EXECUTIVE SUMMARY OCTOBER 2015 110 102 DEMAND 100 n Among the key sectors, consulting services industry reported 9 per cent rise in hiring. IT/telecom posted 4 per cent rise 91 n Engineers reported 9 per cent rise in demand. Entertainment/media/ journalism professionals witnessed 13 per cent rise in talent demand 90 n Among metros, Chennai witnessed 16 per cent rise in demand. Among states, Andhra Pradesh (except Hyderabad) reported 21 per cent rise in demand Demand for talent n The October 2015 demand index was buoyant for candidates across experience 80 January 2015 October 2015 Overall, hiring rose by 2% during October 2015. IT/telecom and consulting sectors, core and support functions and metros contributed to the rise in hiring activity categories. Candidates with less than 2 years of experience saw the highest (11%) rise in demand
EXECUTIVE SUMMARY OCTOBER 2015 120 103 SUPPLY 100 n IT/telecom and retail industry witnessed an average 25 per cent drop in supply of talent during October 2015 n Business management/consultants/freelancers reported the maximum (over 80 30%) drop in job-seeking activity during October 2015. IT/telecom professionals reported 27 per cent drop in supply n Among top locations, Bengaluru witnessed the maximum (18%) drop in job- seeking activity. Delhi NCR witnessed 16 per cent drop in supply of talent Supply of talent 60 60 January 2015 October 2015 The supply index registered 6 per cent drop in month-over-month analysis. IT/telecom and retail industries were the main contributors to this drop in supply of talent n Supply of talent was low across most experience categories barring experienced candidates with 10-20 years and over 20 years of experience
Recruitment trend by INDUSTRY OCTOBER 2015 DEMAND SUPPLY n Among the top ten sectors, IT/telecom registered 4 per cent rise in hiring activity during October 2015. Consulting services sector reported 9 per cent rise in demand n Among top ten industries, the IT/ telecom industry reported maximum (29%) drop in supply of talent followed by the retail sector (22%) in October 2015 n ITeS/BPO and travel & hospitality sector saw 3 per cent rise in hiring during the month. BFSI and construction sectors reported 2 per cent rise in demand n Infrastructure (14%) and consumer durables/FMCG (7%) sectors were the only ones to post growth in supply during the month n Consumer durables/FMCG and petrochemicals sectors saw a drop of 5 per cent in demand during October 2015 n The petrochemicals and BFSI sectors reported an average 12 per cent drop in supply of talent during October 2015 Demand INDUSTRY Sep’15 Oct’15 Sep’15 Demand for talent rose across most key industry segments. IT/telecom, BPO/ITeS and consulting services sectors reported a significant rise in demand during October 2015. Supply was low across most major sectors Supply Oct’15 IT/Telecom p 109 p 113 q 92 q 65 Manufacturing & Engineering p 78 q 77 q 64 q 60 BFSI p 92 p 94 q 48 q 43 CRM/CallCentres/BPO/ITES/Med.Trans p 102 p 105 p 36 q 33 Consumer Durables/FMCG p 95 q 91 q 149 p 160 Retailing p 58 q 57 q 71 q 56 Petrochemicals/ Oil and gas p 77 q 73 q 34 q 29 Construction/Cement/Metal /Steel/Iron q 64 p 65 q 49 q 45 Projects/Infrastructure/Power/Energy p 54 q 53 p 43 p 49 Healthcare/ Biotechnology/ Pharma q 94 p 94 p 59 p 61 Market Average p 90 p 91 q 65 q 60 Base Year Dec 2010 100
Recruitment trend by FUNCTION OCTOBER 2015 DEMAND SUPPLY n Among key functional areas, engineers reported 9 per cent rise in demand during October 2015. This profile has witnessed growth after a two-month slump n Business management/consultants/ freelancers saw the highest (over 30%) drop in job-seeking activity. IT/telecom professionals posted 27 per cent drop in supply n Entertainment/media/journalism professionals witnessed 13 per cent rise in demand during the month. IT/telecom professionals saw 8 per cent rise in demand n Business management/consultants/ freelancers and hospitality professionals reported 7 per cent rise while accounting & finance profile saw a 6 per cent rise During October 2015, demand was buoyant across key functional areas. Engineers posted significant rise in demand during the month. Supply was low for most key profiles n Customer service/tele calling profiles posted 20 per cent drop in supply in October 2015 n Entertainment/media/journalism saw over 30 per cent rise in talent supply. Sales/ business development professionals posted 4 per cent rise in job-seeking Demand Supply FUNCTION Sep’15 Oct’15 Sep’15 Oct’15 IT/Telecom p 102 p 110 q 94 q 69 Customer Service/ Tele Calling p 137 p 142 q 51 q 40 Hospitality p 52 p 56 p 67 q 64 Business Mgmt./ Consultants/Freelancers p 95 p 102 q 49 q 33 Sales/Business Development p 145 q 138 q 36 p 37 Accounting & Finance p 74 p 78 q 59 q 51 Entertainment/ Media q 67 p 76 q 125 p 281 Engineering p 56 p 61 q 110 q 106 Front Office/ Administration p 83 p 90 q 85 p 96 Logistics/ Supply Chain Management p 67 q 63 q 66 q 59 Market Average p 90 p 91 q 65 q 60 Base Year Dec 2010 100
Recruitment trend by LOCATION OCTOBER 2015 DEMAND SUPPLY n Among top ten locations, Chennai reported the maximum (16%) rise in demand during October 2015 n Among top ten locations, Bengaluru registered the highest (18%) drop in jobseeking activity during October 2015 n Bengaluru and Hyderabad posted 14 per cent rise in talent demand during the month. Delhi NCR was the only metro to report drop (6%) in demand during October 2015 n Delhi NCR saw 16 per cent drop in supply during the month. Between AugustOctober 2015, the city posted an average 11 per cent drop in supply n Among states, Andhra Pradesh (except Hyderabad) saw 21 per cent rise in demand. Among tier II & III locations, Ahmedabad reported 10 per cent rise Talent demand was positive in most major locations during October 2015. Metros were the best-performing job hubs during the month. Supply index was down across key geographies LOCATION Delhi NCR Mumbai Bengaluru Chennai Pune Hyderabad West Bengal Maharashtra (except Mumbai and Pune) Ahmedabad Indore Market Average Base Year Dec 2010 100 n Mumbai reported 12 per cent drop in talent supply during October 2015 while job-seeking activity in Chennai and Pune witnessed a drop of 10 per cent during October 2015 Demand Supply Sep’15 Oct’15 Sep’15 Oct’15 p 72 q 67 q 86 q 73 p 71 p 77 q 84 q 74 p 102 p 117 q 116 q 95 p 62 p 71 q 129 q 117 p 110 q 106 q 88 q 79 p 88 p 100 q 143 q 121 q 140 q 132 q 106 p 133 p 133 q 124 p 151 q 116 p 126 p 139 q 145 q 107 p 62 q 59 q 75 q 71 p 90 p 91 q 65 q 60
Recruitment trend by EXPERIENCE OCTOBER 2015 DEMAND SUPPLY n Candidates with less than 2 years of experience reported the maximum (11%) rise in demand during October 2015. Their demand was up in September 2015 also n Candidates with 2-5 years experience reported the maximum (8%) drop in jobseeking activity followed by candidates with less than 2 years of experience (7%) n Candidates with 2-5 years, 5-10 years and 10-20 years of experience witnessed 3 per cent rise in demand during the month n Candidates with 5-10 years of experience reported a drop of 5 per cent in job-seeking activity during October 2015 n Candidates with over 20 years of experience were the only segment to report a drop (1%) in demand Demand for talent grew across experience categories. However, senior-level candidates reported a drop in demand during October 2015. Opposing trends were observed in talent supply n Candidates with 10-20 years and over 20 years of experience registered an average rise of over 20 per cent in supply during the month EXPERIENCE Demand Supply Sep’15 Oct’15 Sep’15 Oct’15 2 years p 99 p 110 q 110 q 102 2-5 years p 90 p 93 p 45 q 42 5-10 years p 70 p 72 q 32 q 30 10-20 years p 58 p 60 q 33 p 35 Over 20 years q 51 q 50 p 61 p 95 Market Average p 90 p 91 q 65 q 60 Base Year Dec 2010 100
OCTOBER 2015 India’s leading recruitment portal TimesJobs.com brings ‘RecruiteX’ to give you a snapshot of the hiring activity in India with a complete analysis of demand and supply in relation to major industries, functional areas, locations and experience. Contact Us We look forward to your feedback and suggestions to make this report more comprehensive and useful in the coming months. Please mail us at editor@timesjobs.com
January 2015 October 2015 110 100 90 80 91 102 Demand for talent DEMAND n Among the key sectors, consulting services industry reported 9 per cent rise in hiring. IT/telecom posted 4 per cent rise n Engineers reported 9 per cent rise in demand.Entertainment/media/ journalism professionals witnessed 13 per cent rise in talent demand n Among metros, Chennai witnessed 16 per cent rise in demand.
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