The growth of Indian economy has fueled MNC interest in India resulting in rising demand for professionals with experience in Indian contexts.
The IT & telecom sectors clocked a whopping 31 per cent rise in demand for talent, with the overall TimesJobs.com RecruiteX demand index growing by 18 per cent between March 2014 and March 2015.
“The growth of Indian economy has fueled MNC interest in India resulting in rising demand for professionals with experience in Indian contexts. Further, the trend of tech professionals from large organizations making a move to join startups as the top bosses is further pushing up attrition and demand for skilled professionals. This trend is expected to continue in the coming quarter,” said, Vivek Madhukar, COO, TimesJobs.com.
Among the top 10 sectors, petrochemicals, oil and gas, power, travel and hospitality all saw annual growth rates between 16 to 19 percent in hiring. Consulting services and construction also posted a 16 per cent rise in demand for talent reports TimesJobs.
Hiring in projects and infrastructure industries grew by 17 per cent y-o-y. Hiring in both construction and the entertainment/media sectors grew by 12 per cent. Manufacturing sectors also posted 11 per cent rise in demand for talent.
According to the latest TimesJobs RecruiteX, among the top 10 locations, tier II and III cities saw the highest rise. Indore topped the chart with over 30 per cent rise in demand for talent between March 2014 and March 2015. Ahmedabad posted 15 per cent rise in demand y-o-y. Delhi NCR registered 4 per cent rise in demand. Karnataka (excluding Bengaluru) saw 33 per cent increase in hiring.
The demand index for experienced professionals with 10-20 years experience posted 26 per cent increase y-o-y, indicating that 2015 is going to see the return of demand for the mid level manager. Senior professionals, with over 20 years experience also witnessed 18 per cent rise in demand.
Demand for candidates with 5-10 years experience up by 16 per cent y-o-y. Candidates with 0-2 years experience reported 15 per cent rise.