The IT/Telecom and BFSI sectors has claimed the most talent demand on Jan 21 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 the 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 the M-o-M study of talent demand for Jan 21. The BFSI sector – which recorded 5% growth on Dec 20 – clocked 1% growth on Jan 21. Here is a list of top sectors for M-o-M talent demand on Jan 21:
- IT/Telecom: 2%
- BFSI: 1%
City-wise M-o-M talent demand analysis:
Tier-II cities led the talent demand graphs on Jan 21. Indore and Chandigarh recorded double-digit growth in the review month. Among the metro cities, the 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 on 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 on Jan 21. It grew from (-8%) mark on Dec 20 to 14% on Jan 21. The Banks/Insurance/Financial Services profile had topped the talent demand index on Dec 20 with a 9% rise but registered only 2% M-o-M growth on Jan 21. Here is a list of functional areas with maximum M-o-M talent demand on Jan 21:
- Quality/Process Control: 14%
- Front Office/ Administration: 7%
- Marketing & Advertising: 6%
Work experience-wise M-o-M talent demand analysis:
Professionals with 5-10 years of work experience were most in-demand in the Jan 21 study of talent demand. This category saw impressive growth from (-2%) on Dec 20 to over 30% growth on Jan 21. Here is a list of top work experience categories that claimed most M-o-M talent demand on Jan 21:
- 5-10 years of work experience: Over 30% growth
- 2-5 years of work experience: 25%