Hiring grows 2 pc in May led by automobile sector: TimesJobs

After a two-month slump, hiring momentum picked up pace again in May with recruitment activity growing by a moderate 2 per cent led by the automobile sector, says a report.

By PTI  
Thursday, June 16, 2016

After a two-month slump, hiring momentum picked up pace again in May with recruitment activity growing by a moderate 2 per cent led by the automobile sector, says a report.

According to the latest TimesJobs.com RecruiteX report, automobile sector was the top employment generator in May, followed by consumer durables and FMCG.

"The slowdown in talent demand was momentary. Now that firms have completed their financial year closings, consolidations and stocktaking, they are back in hiring mode," TimesJobs.com Head of Strategy Nilanjan Roy said.

Among other sectors, BFSI, retail and logistics posted a 5 per cent growth, followed by manufacturing and engineering (4 per cent) and healthcare (3 per cent).

While most key industries reported a rise in talent demand, IT & telecom and travel & hospitality saw 4 per cent and 3 per cent drop respectively, during May 2016.

In terms of professions, demand for medical and human resource professionals reported a 10 per cent rise, while that for engineers, media, entertainment and journalism professionals was stable.

Meanwhile, the category of professionals having less than two years of experience was the only one to post a rise in demand in May this year, while candidates with over 20 years experience saw the highest drop (11 per cent).

In terms of cities, none of the metros posted a rise in recruitment activity barring Chennai, which saw stable hiring.

Recruitment activity in Vadodara registered a 16 per cent rise, while Chandigarh posted a 9 per cent growth.

"Currently, the change is more visible in non-metros and high-volume sectors but it will eventually be seen across all employment hubs in the months to come," Roy added.

 

Latest Stories

Anil Kumar Chaudhary takes charge as SAIL Chairman
Anil Kumar Chaudhary takes charge as SAIL Chairman
IL&FS Financial Services MD and CEO Ramesh C Bawa steps down
IL&FS Financial Services MD and CEO Ramesh C Bawa steps down
Google tweaks privacy policy for Indian payment app after Paytm complaint
Google tweaks privacy policy for Indian payment app after Paytm complaint
SPONSORED