about recruitex - timesjobscontent.timesjobs.com/docs/recruitexoct2015.pdf · october 2015 about...
TRANSCRIPT
OCTOBER 2015
About RecruiteX
Hiring Trends
Executive Summary
Industry-wise Recruitment Trends
Functional Area-wise Recruitment Trends
Location-wise Recruitment Trends
Experience-wise Recruitement Trends
Contact Us
CONTENT OCTOBER 2015
OCTOBER 2015
ABOUTRecruiteX 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, it details 'recruitment' as a process backed by hiring sentiments of a recruiter and aspirations of a job seeker. It is the only report which decodes the hiring trends in the country after evaluating the demand and supply of talent across industries.
METHODOLOGYRecruiteX represents the demand and supply aspects of recruitment. Demand for talent is computed by factoring activities of recruiters on TimesJobs.com.
The supply of talent is representative of activities conducted by job-seekers on TimesJobs.com. This demand and supply data is integrated with numbers collected by our offline team and then segregated according to top industry verticals, functional areas and locations.
The base value for the index has been kept at 100 for the month of December 2010. All RecruiteX values for subsequent months represent the trend of RecruiteX viz-a-viz December 2010. The supply data has been recalibrated in the month of August 2015 to incorporate market reality.
RecruiteX, in its most comprehensible format, is aimed to provide a detailed insight of the recruitment market in India to employers, recruiters and job seekers alike.
ABOUT
RECRUITEX
HIRING UP by 2% in October 2015, key sectors contribute
HIRING
TRENDS OCTOBER 2015
Chennai
16%
14% Hyderabad
7%
10%
14% Mumbai
Ahmedabad
Bengaluru
13% Entertainment/
media/ journalism
9% Engineers
12% Business management/consultants/freelancers
9%
Consulting services
IT/telecom BPO/ITeS Travel & hospitality
BFSI
4% 3% 3%
SOUGHT-AFTER PROFILES
BEST PERFORMING SECTORS
TOP HIRING LOCATIONS
11% Jan 2015
-1% Feb 2015 -2%
Jun 2015
4% Sep 2015
2%
8% IT/telecom
7% Hospitality
EXPERIENCE-WISE DEMAND
<2 years
2-5 years
5-10 years
10-20 years
>20 years
11%
3% 3% 3% 1%
-4% Mar 2015
0% Apr 2015
-12% May 2015
-4% Aug 2015
8% Jul 2015
2% Oct 2015
Talent demand rose by 2 per cent during October 2015 as hiring activity picked up pace across key sectors, reveals the latest RecruiteX, the recruitment index of TimesJobs.com. Overall, hiring activity has witnessed a 2 per cent rise since August 2015.
Among key sectors, IT, BPO/ITeS and consulting services posted a significant rise in demand for talent. Engineers were in demand in October 2015. Entertainment/media/journalism professionals posted the maximum rise in demand.
Among key locations, metros saw buoyant talent demand with Chennai witnessing the highest rise followed by Bengaluru.
Hiring activity was active across experience categories barring over the 20-years experience bracket, which reported a 1 per cent drop in demand during the month.
Candidates with less than 2 years of experience witnessed the maximum rise in demand. The category posted a rise of 11 per cent in month-over-month analysis.
The supply index witnessed a 9 per cent drop during October 2015. IT/telecom and retail industries reported the maximum drop in supply of talent during the month. These sectors witnessed an average drop of 25 per cent in job-seeking activity during the month of October 2015.
EXECUTIVE
SUMMARY OCTOBER 2015
January 2015 October 2015
110
100
90
80
91
102
Demand for talent
DEMANDn Among the key sectors, consulting services industry reported 9 per cent rise in hiring. IT/telecom posted 4 per cent rise
n Engineers reported 9 per cent rise in demand. Entertainment/media/journalism professionals witnessed 13 per cent rise in talent demand
n Among metros, Chennai witnessed 16 per cent rise in demand. Among states, Andhra Pradesh (except Hyderabad) reported 21 per cent rise in demand
n The October 2015 demand index was buoyant for candidates across experience categories. Candidates with less than 2 years of experience saw the highest (11%) rise in demand
OCTOBER 2015
EXECUTIVE
SUMMARY
Overall, hiring rose by 2% during October 2015. IT/telecom and consulting sectors, core and support functions and metros contributed to the rise in hiring activity
January 2015 October 2015
120
100
80
60
103
Supply of talent60
OCTOBER 2015
EXECUTIVE
SUMMARY
SUPPLYn IT/telecom and retail industry witnessed an average 25 per cent drop in supply of talent during October 2015
n Business management/consultants/freelancers reported the maximum (over 30%) drop in job-seeking activity during October 2015. IT/telecom professionals reported 27 per cent drop in supply
n Among top locations, Bengaluru witnessed the maximum (18%) drop in job-seeking activity. Delhi NCR witnessed 16 per cent drop in supply of talent
n Supply of talent was low across most experience categories barring experienced candidates with 10-20 years and over 20 years of experience
The supply index registered 6 per cent drop in month-over-month analysis. IT/telecom and retail industries were the main contributors to this drop in supply of talent
Recruitment trend by
INDUSTRY OCTOBER 2015
SUPPLYn Among top ten industries, the IT/telecom industry reported maximum (29%) drop in supply of talent followed by the retail sector (22%) in October 2015
n Infrastructure (14%) and consumer durables/FMCG (7%) sectors were the only ones to post growth in supply during the month
n The petrochemicals and BFSI sectors reported an average 12 per cent drop in supply of talent during October 2015
DEMANDn Among the top ten sectors, IT/telecom registered 4 per cent rise in hiring activity during October 2015. Consulting services sector reported 9 per cent rise in demand
n ITeS/BPO and travel & hospitality sector saw 3 per cent rise in hiring during the month. BFSI and construction sectors reported 2 per cent rise in demand
n Consumer durables/FMCG and petrochemicals sectors saw a drop of 5 per cent in demand during October 2015
Demand for talent rose across most key industry segments. IT/telecom, BPO/ITeS and consulting services sectors reported a significant rise in demand during October 2015. Supply was low across most major sectors
Demand SupplyINDUSTRY Sep’15 Oct’15 Sep’15 Oct’15
IT/Telecom p 109 p113 q 92 q65
Manufacturing & Engineering p 78 q77 q64 q 60
BFSI p 92 p 94 q 48 q 43
CRM/CallCentres/BPO/ITES/Med.Trans p 102 p 105 p 36 q 33
Consumer Durables/FMCG p 95 q 91 q 149 p 160
Retailing p58 q57 q 71 q 56
Petrochemicals/ Oil and gas p77 q73 q 34 q 29
Construction/Cement/Metal /Steel/Iron q 64 p 65 q 49 q 45
Projects/Infrastructure/Power/Energy p54 q 53 p 43 p 49
Healthcare/ Biotechnology/ Pharma q94 p94 p 59 p 61
Market Average p90 p91 q65 q 60Base Year Dec 2010=100
Recruitment trend by
FUNCTION OCTOBER 2015
SUPPLYn Business management/consultants/freelancers saw the highest (over 30%) drop in job-seeking activity. IT/telecom professionals posted 27 per cent drop in supply
n Customer service/tele calling profiles posted 20 per cent drop in supply in October 2015
n Entertainment/media/journalism saw over 30 per cent rise in talent supply. Sales/business development professionals posted 4 per cent rise in job-seeking
DEMANDn Among key functional areas, engineers reported 9 per cent rise in demand during October 2015. This profile has witnessed growth after a two-month slump
n Entertainment/media/journalism professionals witnessed 13 per cent rise in demand during the month. IT/telecom professionals saw 8 per cent rise in demand
n Business management/consultants/freelancers and hospitality professionals reported 7 per cent rise while accounting & finance profile saw a 6 per cent rise
During October 2015, demand was buoyant across key functional areas. Engineers posted significant rise in demand during the month. Supply was low for most key profiles
Demand SupplyFUNCTION Sep’15 Oct’15 Sep’15 Oct’15IT/Telecom p102 p110 q94 q69Customer Service/ Tele Calling p137 p142 q51 q40Hospitality p52 p56 p67 q64Business Mgmt./ Consultants/Freelancers p95 p102 q 49 q33Sales/Business Development p145 q138 q36 p37Accounting & Finance p74 p78 q59 q51Entertainment/ Media q67 p76 q125 p281Engineering p56 p61 q110 q106Front Office/ Administration p83 p90 q85 p96Logistics/ Supply Chain Management p67 q63 q66 q59Market Average p90 p91 q 65 q60Base Year Dec 2010=100
Recruitment trend by
LOCATION OCTOBER 2015
SUPPLYn Among top ten locations, Bengaluru registered the highest (18%) drop in job-seeking activity during October 2015
n Delhi NCR saw 16 per cent drop in supply during the month. Between August-October 2015, the city posted an average 11 per cent drop in supply
n Mumbai reported 12 per cent drop in talent supply during October 2015 while job-seeking activity in Chennai and Pune witnessed a drop of 10 per cent during October 2015
DEMANDn Among top ten locations, Chennai reported the maximum (16%) rise in demand during October 2015
n Bengaluru and Hyderabad posted 14 per cent rise in talent demand during the month. Delhi NCR was the only metro to report drop (6%) in demand during October 2015
n Among states, Andhra Pradesh (except Hyderabad) saw 21 per cent rise in demand. Among tier II & III locations, Ahmedabad reported 10 per cent rise
Talent demand was positive in most major locations during October 2015. Metros were the best-performing job hubs during the month. Supply index was down across key geographies
Demand SupplyLOCATION Sep’15 Oct’15 Sep’15 Oct’15Delhi NCR p72 q67 q86 q73Mumbai p71 p77 q84 q74Bengaluru p102 p117 q116 q95Chennai p62 p71 q129 q117Pune p110 q106 q88 q79Hyderabad p88 p100 q143 q121West Bengal q140 q132 q106 p133Maharashtra (except Mumbai and Pune) p133 q124 p151 q116Ahmedabad p126 p139 q145 q107Indore p 62 q59 q 75 q 71Market Average p90 p91 q65 q60Base Year Dec 2010=100
Recruitment trend by
EXPERIENCE OCTOBER 2015
SUPPLYn Candidates with 2-5 years experience reported the maximum (8%) drop in job-seeking activity followed by candidates with less than 2 years of experience (7%)
n Candidates with 5-10 years of experience reported a drop of 5 per cent in job-seeking activity during October 2015
n Candidates with 10-20 years and over 20 years of experience registered an average rise of over 20 per cent in supply during the month
DEMANDn Candidates with less than 2 years of experience reported the maximum (11%) rise in demand during October 2015. Their demand was up in September 2015 also
n Candidates with 2-5 years, 5-10 years and 10-20 years of experience witnessed 3 per cent rise in demand during the month
n Candidates with over 20 years of experience were the only segment to report a drop (1%) in demand
Demand for talent grew across experience categories. However, senior-level candidates reported a drop in demand during October 2015. Opposing trends were observed in talent supply
Demand SupplyEXPERIENCE Sep’15 Oct’15 Sep’15 Oct’15
<2 years p99 p110 q110 q102
2-5 years p90 p93 p45 q42
5-10 years p70 p72 q32 q30
10-20 years p58 p60 q33 p35
Over 20 years q51 q50 p61 p95
Market Average p90 p91 q65 q60Base Year Dec 2010=100
OCTOBER 2015
India’s leading recruitment portal TimesJobs.com brings ‘RecruiteX’ to give you a snapshot of the hiring activity in India with a complete
analysis of demand and supply in relation to major industries, functional areas, locations and experience.
Contact Us
We look forward to your feedback and suggestions to make this report more comprehensive and useful in the coming months. Please mail us at [email protected]