TimesJobs.com Releases Its Third Recruitex Report; Retail And BFSI Take Lead In Hiring

TimesJobs.com has released its third bi-annual edition of their comprehensive hiring report called ‘Recruitex’. The report gives information on the demand and supply of jobs in various sectors and the recruitment trends in India. As per the report, uncertainty in the global and domestic markets and policy fissures are resulting in slowdown in hiring. The report suggests that Automobile, Manufacturing and BFSI industry will continue its positive hiring momentum in 2013.


Here are the key findings of the report:


Industry Trends:

  • Cautious optimism ruled the recruitment industry during the July-December 2012 period
  • Automobile industry continued on the growth path and reported significant increase in hiring activity
  • The future of BFSI sector in 2013 is expected to be challenging yet full of opportunities, with lakhs of new jobs expected in the industry as lots of foreign banks are entering Indian markets.
  • FMCG is expected to generate 1.76 lakh new jobs in 2013. Hiring is likely to go up by 10-15%in the months of April May ’13
  • Infrastructure industry also saw hiring optimism in 2013 as this year will witness the impact of the economic reforms
  • The Indian Retail sector is pegged to create 10 million jobs by 2015 due. 2013 will be different due to the government relaxing investment norms and allowing 51%FDI in multi-brand retail and 100% FDI in single brand retail recently.
  • Healthcare sector witnessed disappointing performance in 2012 owing to global economic pattern change
  • Hiring through Tier II and III cities will become more and more evident in 2013, thereby giving visibility to rural talent.
  • IT-Telecom sector fell from July to December 2012 in most major locations and will continue in 2013.  The telecom industry faced a lot of uncertainty in 2012 and that led to slow hiring in 2012

Location wise hiring:

  • Mumbai captured the maximum share (29%) of the total jobs created in BFSI industry during the July December ’12 period
  • Bengaluru lead the IT/Telecom industry with 34%
  • Among top locations, Kerala was the only region to clock growth (9%)in demand for talent. Pune was worst effected among top job locations, witnessing a drop of 33%in demand
  • Delhi/NCR and Bengaluru experienced a significant drop of 26% in overall demand of talent for Retail
  • In Automobile sector Delhi NCR witnessed the maximum (25%) share of the total jobs generate
  • Mumbai saw 4% growth in Healthcare sector while Bengaluru witnessed 31% drop in hiring

Social Media hiring emerged in 2012 as employers moved towards online social and professional networks to not only look for talent but also to build their employer brand among passive candidates. During the July-December 2012 period, demand for fresh/entry level candidates and senior professionals was upbeat in some industries.  Sharing further insights on same Amit Jain, Business Head, TimesJobs.com, said, “While support functions saw growth in hiring activity; Sales and Business Development professionals emerged as the most in-demand profile early this year. Most organisations across industries are focused on manpower optimization – ‘hiring on demand’ rather than benching. Going forward, policy decisions will spur hiring, particularly in the BFSI and Retail Sectors.”

The report concluded saying that the collaboration between government, academia and industries is the need of the hour and it would provide a competitive edge to Indian recruitment industry in 2013.

All the information above (including data and images) are from the TimesJobs Recruitex report. 

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