Hiring up by 4% in May 2017, BPO and BFSI Top Hiring Sectors: TimesJobs RecruiteX

NEW DELHI, June 22, 2017 /PRNewswire/ --

Hiring activities increased by 4% in May 2017 compared to the previous month

BPO /ITeS and BFSI were the top hiring sectors, according to the latest TimesJobs RecruiteX report

Overall talent demand grew by 4% in May 2017 with BPO/ITeS and BFSI sectors posting a rise of 24% and 14% in talent demand, respectively. Automobiles and consulting services sectors also posted considerable rise in talent demand during the month. Senior professionals also posted a 5% rise in demand, reports the latest RecruiteX, the recruitment index by TimesJobs.

"While there is no doubt that automation has led to job cuts in certain areas of the IT/ITeS sectors, we must not lose sight of the fact that new jobs are also being created by the economic growth that is fueled by this technology revolution. Nasscom has confirmed that there was a net creation of 1,70,000 jobs in the IT sector in FY 2017. In addition, Fintech is transforming the BFSI sector leading to its rapid development and growth. Further, the Ministry of Electronics & IT has launched the India BPO promotion scheme to provide 1,45,000 jobs in the BPO/ITeS sector as well," said Ramathreya Krishnamurthi, Business Head, TimesJobs.

Key takeaways from TimesJobs RecruiteX 

Overall, hiring was quick paced during May 2017. Key employment sectors and functional areas contributed to the rise in recruitment activities.

- BPO/ITeS sector posted a 24% rise in talent demand

- Customer service and tele-calling professionals also reported over 20% rise in demand

- Tier II locations witnessed the maximum hiring; Jaipur saw the most growth, with over 20% rise in demand

- Senior professionals posted a 5% rise in demand, while freshers and professionals with less than 2 years of experience saw a 4% rise in demand

RecruiteX trends by Industry 

TimesJobs RecruiteX reports a rise across most key industry segments. BPO/ITeS and BFSI were the best performing sectors during May 2017.

- BPO/ITeS registered highest rise of 24% in hiring during May 2017

- BFSI sector posted a 14% rise in demand

- Consulting services sector reported a rise of 13% in talent demand

- Automobiles sectors saw a 12% rise in demand

- The Real estate sector posted a 9% rise in demand

- Consumer durables/FMCG industry saw a 7% rise in talent demand

- Healthcare and Pharmaceuticals posted a 5% rise in demand

RecruiteX trends by Function 

During May 2017, talent demand grew across key functional areas. Reflecting the demand in the BPO sector - customer service and tele-calling professionals were the most in-demand profiles during the month.

- Customer service professionals reported over 20% rise in demand

- Doctors, nurse and medical professionals witnessed a 19% rise in demand

- Quality control profiles witnessed a 5% rise

- Content, editors and journalists posted a 4% rise in demand

RecruiteX trends by Location 

Talent demand grew significantly in tier II locations and there was positive hiring momentum in most major locations during May 2017. Jaipur was the best performing location during the month.

- Jaipur posting over 20% rise in talent demand in May 2017

- Among Metros, Delhi NCR reported a 10% rise in hiring activity, followed by Bengaluru with a 7% rise, during the month

- Rajasthan (except Jaipur) was the best performing state and reported over 20% rise in demand during May 2017

- Gujarat (except Ahmedabad and Vadodara) saw a 14% rise

- West Bengal also saw a 7% rise in demand

RecruiteX trends by Experience 

Talent demand was upbeat across all experience categories, with candidates having 10-20 years of experience posting the maximum rise in demand of 5% in May 2017. The category has reported an average 8% rise in demand since March 2017. Freshers and professionals with less than 2 years of experience saw a 4% rise in demand during May 2017.

- Candidates with 10-20 years of experience reported highest rise (5%) in demand during May 2017

- Professionals with less than 2 years of experience posted a 4% rise in talent demand, followed by candidates with 5-10 years of experience with 3% rise

- Candidates with 2-5 years of experience witnessed stable demand, while candidates with over 20 years of experience reported 11% drop

Click Here to Download the complete Report - http://bit.ly/2r8lrW0.

About RecruiteX: 

India's leading e-recruitment jobs portal, TimesJobs presents the 'RecruiteX', to provide a reliable snapshot of the hiring activity in India with a complete analysis of demand in relation to major industries, functional areas, locations and experience.

About TimesJobs: 

TimesJobs, a flagship business of Times Business Solutions (TBS), is a platform to help competent professionals enhance their career growth. With over 25 million registered jobseekers across the board and more than 60 million page views every month, it is the most preferred career portal among ambitious and talented professionals who want to make smarter career decisions that accelerate their career progression. 
TimesJobs is leading in the recruitment and employment space with its pioneering and dynamic divisions because it successfully meets all the needs of the jobseekers. Its major platforms include:

-TechGig: India's biggest dais for tech professionals to help them Learn, Showcase & Compete in the IT industry.

-JobBuzz: A well-known portal that provides information & insights about different companies, job profiles and interview processes. 

-StepAhead: StepAhead offers Professional Resume writing and distribution services, career astrology, and resume improvement to help jobseekers accelerate their career.

Also, TimesJobs has the largest collection of jobs in the market, which ensures that whenever and wherever there is a great opportunity, jobseekers will discover it on the platform.

In the recruitment market as well, being the biggest platform for competent professionals who think of their careers first, TimesJobs has become the destination of choice for recruiters who seek to engage with the right talent.

Media Contact:
Aseem Seth
Head of Corporate Communications
Times Business Solutions - A Division of Times Internet Ltd.
Email: [email protected]
Twitter: @aseems
Tel:  +91-120-663-6338, +91-9910-273367