Log In

 

Company Name : Timesjobs.com

Tuesday, February 13, 2018 4:40PM IST (11:10AM GMT)

Demand for New Talent Pushes Hiring Up by 3 percent in January 2018: TimesJobs RecruiteX


New Delhi, Delhi, India

The year 2018 started off on a cheerful note for job seekers as talent demand jumped by 3% in January. Compared to last year (between January 2017 and January 2018) this year has registered a 2% increase in overall talent demand.
 
RecruiteX – a hiring trend report by recruitment portal TimesJobs - noted that with overall job market witnessing a rise of 3% in January 2018, key industries and functional areas also posted a significant rise in demand. Across experience segments, demand was highest for fresh talent with experience of up to 2 years.
 
Industry-wise analysis: Petrochemicals sees maximum growth
 
The petrochemicals sector in India registered 14% rise in hiring in January 2018, followed by 11% rise in talent demand in the infrastructure sector. The travel and hospitality sector saw a 7% rise in talent demand.
 
“Booming demand for niche skill sets saw organisations increasingly look at fresh talent who fits the bill. According to news reports, hiring is expected to remain optimistic for 2018 in line with projected gross domestic product (GDP) growth of 5.2% this year, and the rise in recruitment index for January 2018 clearly indicates expected growth. While petrochemicals and infrastructure take the lead this month, we expect IT, healthcare, BFSI and automobiles sector to also witness significant growth in coming months”, said Ramathreya Krishnamurthi, Business Head, TimesJobs & TechGig.
 
Functional area analysis: Quality control professionals in demand
 
Quality control professionals witnessed 14% rise in demand in January 2018, followed by biotechnology and pharmaceuticals professionals which witnessed a 13% rise in talent demand. Entertainment, media and journalism profile witnessed 11% rise in demand on month-on-month analysis.
 
Location-wise analysis: Vadodara records the highest demand
 
Among key locations, Vadodara recorded the highest rise in talent demand of 6% as per the latest RecruiteX report. Mumbai and Pune saw a hike of 5% in the talent demand. Bengaluru and Hyderabad posted 3% rise in talent demand.
 
Experience-wise analysis: Professionals with up to 2 years of experience in demand
 
Hiring for professionals with 0-2 years of experience witnessed the highest rise in demand during January 2018. They witnessed 7% rise in demand, followed by professionals with 5-10 years of experience, who posted 3% rise in demand.
 
Key highlights of the report are:

  • Top hiring sectors
    • Petrochemicals
    • Infrastructure
    • Travel & Hospitality
  • Top hiring locations
    • Vadodara
    • Mumbai
    • Pune
  • Top hiring profiles
    • Quality control
    • Biotechnology
    • Media & journalism
Complete report is available here - http://content.timesjobs.com/demand-rise-for-quality-control-and-media-professionals/articleshow/62848829.cms


Click here for Media Contact Details

Neha Singh Verma, Head of Corporate Communications, TimesJobs-Times Business Solutions Limited (A division of Times Internet Ltd), +91-9999652048, neha.verma3@timesgroup.com


More News from Timesjobs.com

25/01/2018 6:47PM

Times AI Hub Lauds 'Industrial Uses of AI' in its Maiden Event

TimesJobs powered ‘Artificial Intelligence’ community – Times AI Hub - conducted its maiden event at IIT Delhi to discuss the industrial uses of AI. The event brought together AI industry stalwarts and students and ...

Similar News

21/02/2018 5:55PM

Entrust Datacard Earns Blue Shield Technology Innovation Award from the China International Association for Promotion of Science and Technology

Entrust Datacard, a leading provider of trusted identity and secure transaction technology solutions, announces that the company has received the Blue Shield Technology Innovation Award for Security and ...

No Image

21/02/2018 5:45PM

ETECSA Enhances Connectivity to the Rest of the World with SES Networks

Cubans and visitors to Cuba will have additional access to reliable and uninterrupted connectivity throughout the main island of Cuba as ETECSA, Cuba’s national telecommunications operator, signed a deal with SES ...

News Summary

RecruiteX – a hiring trend report by recruitment portal TimesJobs - noted that with overall job market witnessing a rise of 3% in January 2018, key industries and functional areas also posted a significant rise in demand.