Hiring In India Surges Before August Festival Season

Filed under: International,News |

By Danny Romero — Hiring in India has increased by 8% in August as the festive season begins according to the latest RecruiteX index figures by TimesJobs.com.

Map of India major territories.

Map of India’s major territories.

Healthcare sector emerged as the top employment generator with over 30% rise in talent demand. The media and entertainment sector registered a growth of 16% during August 2016. Among other key sectors, the BFSI (Banking, Financial and Insurance) sector witnessed a 9% rise and IT/telecom sector posted 8% rise in talent demand during the month.

Among the professions, doctors/medical professional led the way posting a 30% rise in demand. Meanwhile, demand was up by 21% for professionals with 10-20 years of experience. The demand for professionals with more than 5 years of experience reported a 17% rise during August 2016. Candidates with 2-5 years of experience posted 7% rise in demand and the demand for candidates with over 20 years of experience increased by 19%. Among the metros, Bengaluru leads demand with 18% rise in demand.

“The RecruiteX trend for job growth from last year shows a 4% drop during August 2015,” Nilanjan Roy, Head of Strategy, Times Business Solutions. “A surge of 8% during the same period this year is a clear indication of a flourishing economy lead by job growth in the key sectors of healthcare, construction, BPO/ITeS, BFSI and manufacturing. Government employment generation and entrepreneurial initiatives in the private sector have started showing results and we anticipate a similar recruitment trend in times ahead.”

Source: Staffing Industry Analysts Daily Newsfeed

List your business in the premium web directory for free This website is listed under Human Resources Directory