Jobs are back, IT/Telecom posts 20% rise in hiring

Jobs are back, IT/Telecom posts 20% rise in hiring

The demand index witnessed a 14 per cent growth in the month of September 2014 with the IT/Telecom industry witnessing a 20 per cent increase in jobs, reports RecruiteX
Rise in the demand index was not confined only to the IT/Telecom industry; the ITeS/BPO industry also reported an 18 per cent increase in job postings in September 2014. Hiring in high-volume sectors such as BFSI and Retail reported a 9 per cent growth. Hospitality professionals were most sought-after, followed by IT/telecom and front office/administration profiles. Among top locations, Hyderabad registered maximum growth. Delhi NCR reported a 21 per cent rise in the demand index, highest among metros. Middle level candidates with 5-10 years experience witnessed the highest rise in demand during the month. The supply index witnessed an 8 per cent drop, signifying drop in job seeking activity during September 2014.
Overall, hiring saw a 14% rise during September 2014 with key sectors, functional areas and job hubs contributing to the rise in hiring activity.

• Among the top ten sectors, IT/Telecom and Healthcare/Biotechnology/Pharmaceutical industry reported the maximum rise (20%) in hiring activity

• Among the top ten professionals, demand was buoyant for hospitality professionals (over 30%). IT/telecom professionalswitnessed an 18 per cent rise in demand during September 2014

• Among major job hubs, Hyderabad reported the maximum rise (24%) in demand during the month. Delhi NCR reported an increase of 21 per cent in hiring. Among states, Gujarat (except Ahmedabad and Vadodara) witnessed 9 per cent increase in demand

• The experience demand index for September 2014 was upbeat for candidates across experience categories. The highest rise was observed for candidates with 5-10 years of experience (23%)

Supply index registered 8% drop in month-over-month analysis. Manufacturing & Engineering and BFSI industries were the significant contributors to this drop in supply of talent.

• The Manufacturing & Engineering industry witnessed maximum drop (22%) in the supply of talent, followed by BFSI with 19 per cent drop

• Hospitality professionals reported the maximum increase (over 30%) in job-seeking activity. Entertainment/Media/Journalism professionals registered the highest drop (27%)

• Supply of talent was dreary across major locations. Among metros, Delhi NCR witnessed the highest drop (13%) in job-seeking activity during the month. Among the top ten locations, Indore reported the maximum increase in supply (7%)

• Supply of talent was encouraging among entry/junior level professionals. Candidates with 2-5 years experience reported a 12 per cent rise in job-seeking activity during September 2014

Recruitment Highlights – September 2014 
The demand index grew across major industries, functional areas and locations during September 2014. Unlike demand, the supply index reported negative sentiments.
Demand

• The demand index rose to 102 points from the 90 points recorded during the previous month, an overall rise of 12 points in the month-over-month analysis

• The demand index recuperated in March 2014 after a long sluggish phase, only to fall again in August 2014, while reviving in September 2014 with key sectors contributing to the rise

• Apart from core sectors, support functions and key job hubs too contributed significantly to the rise in the demand index during September 2014

Supply

• The supply index reported a drop of 18 points during September 2014. The index closed at 182 points in September 2014 from the 200 points recorded in August 2014

• Supply registered an overall drop of 8 per cent during the month while it had registered a 2 per cent increase during the previous month

• Job-seeking activity was sluggish across most industries, functional areas and experience segments. Among the top sectors, Manufacturing & Engineering witnessed the highest drop

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