Chennai, NFAPost: With the government relaxing lockdown norms, sectors like Automobiles (17%), Healthcare (16%), and BPO (14%) are re-hauling the business. Also, companies in these sectors are eyeing growth hacks by customising their offerings in the changing business scenario.
The TimesJobs RecruiteX, monthly talent demand index, marks a 4% growth in talent demand in June’20 (89) over May’20 (85). However, the demand in high-volume sectors including IT, BFSI and Retail records a steep fall. The Y-o-Y analysis showed that the talent demand index for June’19 (89) and June’20 (89) was the same.
Q-o-Q talent demand trends: The Q-o-Q analysis shows that demand for talent in IT and Retail sectors witnessed growth in AMJ’20 over JFM’20. Both, these sectors witnessed double-digit growth. Talent demand index stood at 370 points in AMJ’20 over 338 points in JFM’20, a 9% growth. The Retail sector witnessed a 30% growth in AMJ’20 in comparison with JFM’20.
Y-o-Y talent demand trends: The Y-o-Y analysis for talent demand shows no growth, or loss from June’19 to June’20. The Consumer Durables sector showed a growth of about 30% in Y-o-Y talent demand analysis, followed by Healthcare. The BPO sector saw the steepest fall of (-34%) in talent demand in the yearly comparison.
“The findings of RecruiteX June 2020 are a silver lining in the present scenario. The rise in BPO, Healthcare and Automobile’s talent demand hints that companies are striving hard to get back to normalcy after the Unlock 1.0. Not just the M-o-M analysis, but even the Q-o-Q comparison (AMJ’20 v/s JFM’20) has shown growth, with a double-digit hike in the IT and Retail sectors,” TimesJobs and TechGig Business Head Sanjay Goyal said.
The findings of the RecruiteX June 2020 edition:
Sectors which gained talent demand:
- Automobiles: (17%)
- Healthcare: (16%)
- BPO (14%)
Sectors with steepest loss in talent demand:
- Retail: (-13%)
- IT/Telecom: (-6%)
- BFSI: (-2%)
Functional areas which gained talent demand:
- Doctors/Nurses/Medical Professional: (20%)
- Logistics/Supply Chain Management/ Procurement: (10%)
- Engineering: (5%)
Functional areas with steepest loss in talent demand:
- IT/Telecom: (-10%)
- Sales/Business Development: (-3%)
Cities which gained talent demand:
- Indore: (4%)
- Ahmedabad: (2%)
- Hyderabad/Secunderabad: (2%)
Cities with steepest loss in talent demand:
- Bengaluru: (-18%)
- Jaipur: (-6%)
- Chennai: (-5%)
Work experience category which gained talent demand:
- Over 20+ years of work experience: (6%)
- 10-20 years: (5%)
- 2-5 years: No gain, no loss
Work experience category with the steepest loss in talent demand:
- Freshers and people with less 2 years of work experience: (-13%)