Demand For Senior Talent Heats Up In Corporates: RecruiteX
The demand for experienced and senior level executives is on rise across the industry domain. The demand is not for CEOs, but for experienced sales leaders, project heads and delivery and architecture experts, reports the latest RecruiteX - the recruitment index by TimesJobs.com.Talent demand was upbeat across all the experienced categories of professionals, witnessing growth rates ranging from 7-15 percent, the report said.
Professionals with over 20 years of experience posted a rise of 15 percent in demand in June 2016. The category had reported a moderate 1 percent rise in demand in the last 6 months. In addition, candidates with over 10-20 years of experience witnessed 11percent rise in demand, candidates with 5-10 years saw a 14 percent rise in demand, and candidates with 2-5 years of experience saw 7 percent rise in demand.
However, the less than 2 years experience level was the only category to post a drop (4percent) in demand during June 2016.
“Mid-year is the time when a lot of expansions and acquisitions take place, so experienced professionals are needed to manage processes and take key decisions involved in these businesses. Startups and new businesses are also able to leverage the considerable knowledge and strong business networks that these professionals have developed over the years”, Economic Times quoted Nilanjan Roy, head of strategy, Times Business Solutions as saying.
Having access to TimesJobs data, generated from the largest collection of jobs in India - RecruiteX is able to provide realistic and reliable snapshots of the state of demand for talent in India Inc. RecruiteX decodes this data into hiring trends by evaluating the demand for talent across industries, experience, functions and locations in the country.
Here are the other key takeaways from the latest report:
Hiring up across major employment hubs
Talent demand grew by 14 percent in both Bengaluru and Pune. Chennai saw 11percent rise in hiring, Delhi saw 5 percent rise and Mumbai posted 3 percent rise in talent demand in June 2016. Incidentally, Maharashtra, without including Mumbai and Pune, was the best performing state with an average 5percent rise in demand during June 2016. Jaipur saw 13percent rise in talent demand Ahmedabad and Indore both witnessed 8percent rise in demand. Chandigarh also posted 2percent rise in talent demand.
Demand for business management and consultants
Business management and consultants reported a significant 21 percent rise in demand this month. This is the first time since January 2016 that this profile has posted a significant rise. Hospitality professionals witnessed a 12 percent rise in demand during the month. Demand for Engineers and IT/Telecom professionals rose by 5percent and 10 percent respectively.
Logistics, supply chain and quality control profiles saw 11percent rise in demand
Banking, insurance, financial services professionals also posted 11 percent rise in demand and the demand for media and journalism professionals also reported a 1 percent rise.
Hiring up in key sectors
The real estate sector witnessed a 7percent rise in talent demand during June 2016. This sector has posted a rise of 4percent in the last 2 months. The Construction sector also saw a rise of 6percent in demand during June 2016. RecruiteX also reports that the IT, telecom and BFSI sectors posted 2 percent rises in talent demand in this period. In addition, Logistics sector posted 4 percent rise in demand, Infrastructure and petrochemicals sectors posted 3percent rise while the Retail industry witnessed a 1percent rise in talent demand.
(Image Courtesy: content.timesjobs.com)
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