Hiring activity sees 8% jump in August: TimesJobs

A sector-wise analysis shows that the healthcare sector emerged as the top employment generator with over 30% rise in hiring activity

Hiring activity rose eight per cent in August led by job growth in key sectors such as healthcare, construction, business process outsourcing (BPO), information technology-enabled services (ITeS), manufacturing, and banking, financial services and insurance (BFSI), says a report.

According to RecruiteX, the recruitment index by TimesJobs.com, after witnessing a numb phase for the last two months, hiring activity picked up pace with a eight per cent surge in August.

"The RecruiteX trend for job growth from last year shows a four per cent drop during August 2015. A surge of eight per cent 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," Nilanjan Roy, head of strategy, Times Business Solutions, said.

Roy further noted that "government employment generation and entrepreneurial initiatives in the private sector have started showing results and we anticipate a similar recruitment trend in times ahead".

A sector-wise analysis shows that healthcare sector emerged as the top employment generator with over 30 per cent rise in hiring activity, followed by media and entertainment (16 per cent). Among other key sectors, BFSI witnessed nine per cent rise and IT/telecom sector posted eight per cent rise during the month.

Demand for doctors and medical professionals grew significantly during August. The profile posted a 30 per cent rise in demand during the month.

Entertainment, media, and journalism professionals saw a 27 per cent rise; business management, consultants, and freelancers reported a 22 per cent increase.

In terms of experience, the demand for professionals with more than five years of experience reported a 17 per cent rise during August. Candidates with 10-20 years of experience witnessed the maximum rise (21 per cent) in demand during the month. This category has registered a consistent average 11 per cent rise in the last three months.

Among metros, talent demand was highest in Bengaluru. The city posted a rise of 18 per cent in recruitment activity during August. It was followed by Chennai (13 per cent rise) and Delhi-NCR with (12 per cent).