2 February 2015

Positive hiring outlook for India Inc. in 2015

Hiring activity grew by 2% year-on-year in 2014, with retail and banking, finance, securities & insurance (BFSI) leading the charge according to TimesJobs' RecruiteX report. 

"As India's leading career and recruitment portal's data shows, 2015 seems to be a good time to be active in the job market. With a stable government and strong economic cues, the inevitable growth of Indian industry will fuel considerable job growth in the country as well. Companies in core sectors of IT, engineering, manufacturing, BFSI, hospitality, logistics, e-commerce and retail will emerge as leading employers," said Vivek Madhukar, COO, TimesJobs.com.

Key highlights from RecruiteX include:

  • Jobs in the HR function posted double digit growth month-on-month (12%).
  • Hiring of inexperienced candidates picked up by 8%.
  • Metropolitan cities (metros) led demand, including the Delhi National Capital Region (NCR), Mumbai, Bengaluru and Chennai registering an average growth of 8%. Jaipur registered a 12% rise in demand.
The retail sector emerged as the top employment generator in December 2014 with a 6% rise in demand while the BFSI sector reported a 4% rise. Hiring was up by 5% in the automobile sector. The IT/telecom sector reported a 3% per cent increase in hiring, and the business process outsourcing (BPO)/IT enabled services (ITES) industry registered a 4% increase.

The demand for HR professionals has registered a 12% rise after two months of slowdown. It was the only profession to witness a double-digit rise during December 2014. Front office/administration professionals reported 8% growth; customer service/tele calling and professionals for entertainment/media/journalism saw 7% increases in demand, while IT/telecom professionals witnessed 6% growth. Rounding out the picture, demand for marketing & advertising profiles witnessed an increase of 5%.

Experience is in demand as corporate India plans expansion in 2015. The demand for the category registered steady growth from September to November 2014, but registered an average 3% drop in December. Candidates with under two years of experience witnessed 8% rise. Demand for the two to five-year experience segment increased by 7% in December 2014. Candidates with five to 10 years of experience witnessed stable hiring. Demand for candidates with 10 to 20 years of experience reported a 1% rise in hiring. Jobs for entry-level candidates had been witnessing sluggish hiring trends during the last three months but made a comeback in December. 

Metros have witnessed sluggish hiring in the last quarter of 2014, but the market revived in December with positive hopes for 2015. Metros registered an average growth of 8% in December 2014. Bengaluru and Chennai emerged as the top job hubs with a 12% rise in demand. Delhi NCR was at the other end of the spectrum with a 3% rise in demand for talent.
Among tier II cities, Jaipur registered 12% increase in hiring.

TimesJobs' RecruiteX provides detailed insights into the recruitment trends in India to employers, recruiters and jobseekers. RecruiteX tracks both the demand and supply aspects of the recruitment market. Demand for talent is computed by factoring activities of recruiters on TimesJobs.com. The supply of talent is representative of activities conducted by job seekers on TimesJobs.com. This demand and supply data is integrated with numbers collected by offline teams and is further refined according to top industry verticals, functional areas and locations.

Click here to download the report.