- Vadodara (30% growth) and Hyderabad/Secunderabad (16%) were the top gainers for talent demand in July 2020 study
- Professionals with 5-10 years of experience were most in-demand in the review month
Chennai, NFAPost: While the BPO sector witnessed a 15% M-o-M increment in talent demand in July 2020, the IT/Telecom and BFSI sectors had witnessed (-6%) and (-2%) de-growth, respectively in June 2020 but bounced back in July 2020, according to TimesJobs RecruiteX.
With ‘recovery’ as the key focus in ‘Unlock3’, talent demand is already picking pace as BPO and IT/Telecom sectors noted a double-digit growth in July 2020 analysis, it said.
RecruiteX is the recruitment index for India. It is an analysis identifying the hiring activity and trends in India Inc. Based on tactful extraction and examination of jobs posted and applied for in a month at TimesJobs, it details ‘recruitment’ as a process backed by hiring sentiments of a recruiter and aspirations of the job seekers alike.
It noted that BPO (15%), IT (10%) and BFSI (7%) emerged as the top three sectors with maximum M-o-M growth in talent demand in July 2020. Overall, talent demand in July 2020 grew by 2% M-o-M, pushed largely by growth in high volume sectors like BPO, IT and BFSI.
TimesJobs and TechGig Business Head Sanjay Goyal said, “The talent demand trends for July 2020 are heartening. Though the overall growth in July 2020 is only 2% since it’s based largely on high volume sectors as BPO, IT and BFSI, I’m very confident that this trend will continue in the coming months.”
He added that the talent demand to pick up from here on as India Inc has actively started working towards the road to recovery. Smart companies are now focussing on constructive learnings from this difficult situation which would help them to grow in future.
Top three sectors for talent demand in July 2020:
· BPO: 15%
· IT/Telecom: 10%
· BFSI: 7%
Customer Services/Tele Calling job profile jumped from 4% growth in talent demand in June 2020 to 18% growth in July 2020. On the other hand, Front Office/Administration profile had clocked 21% growth in June 2020, but could only register 11% growth in July 2020 analysis of talent demand.
Top three job profiles as per talent demand in July 2020:
· Customer Services/ Tele Calling: 18%
· Front Office/ Administration: 11%
· IT/Telecom: 8%
Most talent demand in July 2020 was posted in Tier-II cities, with Vadodara recording a growth of over 30%. Among the metropolitan cities, Chennai saw the most growth with 10% increment. Mumbai and Delhi noted 8% and 1% growth in July 2020. Bengaluru noted de-growth of (-7%) in July 2020.
Top three cities as per talent demand in July 2020:
· Vadodara: over 30% growth
· Hyderabad/Secunderabad: 16%
· Ahmedabad: 11%
Professionals with 5-10 years of work experience were most in demand, and this category noted 11% M-o-M growth in talent demand.