Bengaluru, NFAPost: The IT/Telecom and BFSI sectors registered the most talent demand in Jan 2021 as all the other industrial sectors posted negative demand in the first month of 2021. The IT/Telecom sector posted a 2% uptick in talent demand, followed by the BFSI sector which noted a 1% growth in the Jan 21 study of talent demand. These trends were highlighted by TimesJobs RecruiteX – a monthly recruitment index that records the demand and supply of talent at India Inc.
Elaborating on the findings of RecruiteX Jan 21 edition, Sanjay Goyal, Business Head TimesJobs and TechGig said, “The IT sector is steadily building up its talent demand. It has been posting a single-digit growth since Sept 20. The Biden admin delayed the implementation of Trump era rule on H-1B visa, which will help boost the Indian IT sector. With the COVID-19 vaccination in full swing and the substantial announcements for Healthcare, Infrastructure and Skill Development in the Union Budget 2021-22, I’m anticipating that the talent demand will see a significant rise in the coming months.”
Sector-wise M-o-M talent demand analysis:
India’s largest employer in the formal sector – the IT/Telecom – claimed the highest growth of 2% in M-o-M study of talent demand for Jan 21. The BFSI sector – which recorded 5% growth in Dec 20 – clocked 1% growth in Jan 21. Here is a list of top sectors for M-o-M talent demand in Jan 21:
● IT/Telecom: 2%
● BFSI: 1%
City-wise M-o-M talent demand analysis:
Tier-II cities led the talent demand graphs in Jan 21. Indore and Chandigarh recorded a double-digit growth in the review month. Among the metro cities, maximum city Mumbai recorded the highest M-o-M growth of 9%. A noteworthy trend emerged in the talent demand for Delhi-NCR. It posted a growth (of 5%) in talent demand for the first time since Jul 20. Delhi-NCR had seen a dip in talent demand from Aug 20 to Dec 20 Here is a list of cities with maximum M-o-M talent demand in Jan 21:
● Indore: 23%
● Chandigarh: 19%
● Mumbai: 9%
Functional area-wise M-o-M talent demand analysis:
The Quality/Process Control was the most sought after job profile in Jan 21. It grew from (-8%) mark in Dec 20 to 14% in Jan 21. The Banks/Insurance/Financial Services profile had topped the talent demand index in Dec 20 with 9% rise but registered only 2% M-o-M growth in Jan 21. Here is a list of functional areas with maximum M-o-M talent demand in Jan 21:
● Quality/Process Control: 14%
● Front Office/ Administration: 7%
● Marketing & Advertising: 6%
Work experience-wise M-o-M talent demand analysis:
Professionals with5-10 years of work experience were most in-demand in Jan 21 study of talent demand. This category saw impressive growth from (-2%) in Dec 20 to over 30% growth in Jan 21. Here is a list of top work experience categories that claimed most M-o-M talent demand in Jan 21:
● 5-10 years of work experience: Over 30% growth
● 2-5 years of work experience: 25%
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About RecruiteX:
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.
