Demand for CXOs and senior professionals grows by 30%: TimesJobs

Demand for CXOs and senior professionals grows by 30%: TimesJobs
TimesJobs Recruitex Mar 2017

Demand for senior professionals grew by over 30%, even as overall hiring posted a stable 1% rise in March 2017. The recruitment index has been steadily growing since February 2017.

 

India’s leading recruitment portal TimesJobs.com presents the ‘RecruiteX’ to give a consistent, realistic and reliable snapshot of the genuine state of hiring activity in India with a complete analysis of demand in relation to experience, sectors, functional areas and locations.

 

Key takeaways from the Latest Edition of RecruiteX

 

·       Demand up by over 30% for senior professionals

·       Healthcare sector reports an 8% rise in talent demand

·       Demand grew by 17% for doctors, nurses and medical professionals

·       Hyderabad and Ahmedabad posted a 21% rise in talent demand

 

Senior professionals in demand

 

The demand for senior professionals with over 20 years of experience reported a rise of over 30% during March 2017. Professionals with 10-20 years of experience also saw a 3% rise in demand, during the month. Those with 0-5 years of experience witnessed a rise of 3% in demand. Only demand for professionals with 5-10 years of experience registered a 4% drop in demand, during the month.

 

“Led by a business-friendly government and Corporate India’s expectation of policy stability over the next 10 years, organizations are gearing up for growth, which is reflected in the increased demand for senior managerial talent as reported by TimesJobs RecruiteX. Whenever organizations get ready for growth we have seen a marked increase in demand for senior managerial talent. We do not see such demand for senior profiles in the case of ordinary replacement hiring,” says Nilanjan Roy, Head of Strategy, Times Business Solutions.

 

Healthcare top employment sector

 

Healthcare was the top hiring sector of the month, followed by consulting services and the real estate sector. The healthcare industry posted an 8% rise in talent demand in March 2017. The consulting services and real estate sectors, both, saw a 5% rise in talent demand during the month. Petrochemicals posted a 4% rise in demand while the IT & Telecom industries reported a 3% rise in talent demand during the month. The manufacturing sector also saw a 2% rise in talent demand. Among other key highlights, the retail and BFSI sectors saw a drop in demand of 5% and 4%, respectively.

 

Doctors and medical professionals in demand

 

Doctors, nurses and medical professionals saw a 17% rise in demand in March 2017. These professionals have witnessed an average rise of 2% in demand since January 2017. Hospitality professionals also posted a rise of 6% in demand, during the month. Engineers saw a demand of 5% in March 2017. IT & Telecom professionals witnessed a 3% rise in demand and business management, consultants and freelancers saw a rise of 2% in demand.

 

Hyderabad & Ahmedabad were the best performing locations

 

Hyderabad was the best performing location with 21% rise in talent demand. Ahmedabad also posted a 21% rise (21%) in talent demand, in March 2017. Indore also saw a rise of 16% in demand. Among metros, Chennai was the only city to report growth at 8% in talent demand, during the month. No other metro saw growth in hiring activity during the month with Delhi NCR posting the highest drop (-8%) in talent demand.

 

Download the Complete RecruiteX Report here - http://bit.ly/2oTT2S9

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aseem.seth@timesgroup.com