Jobs tend to rain down on entry-level candidates during the monsoon, shows data since 2011 from TimesJobs.com recruitment index RecruiteX, and this July-September quarter is likely to see the trend continue.
The data reveals that since 2011, the demand for candidates with zero to two years of experience registered a significant rise of 6% on average between July and September.
Leading the surge in entry-level demand during these three months have been the IT, telecom, healthcare and hospitality sectors, which have registered a rise of 3% on average since 2011. The hiring is also set to peak in this period for e-commerce giants, says an industry expert.
Metros have reported highest average increase in fresh talent demand between July and September. Demand for entry-level candidates in Delhi-NCR, Bangalore and Mumbai together grew by an average of 4% during July, August and September between March 2011 and March 2015.
In fact, the demand for entry-level candidates peaked in 2014, shows data from RecruiteX. Other experience categories however have had a fair share of ups and downs since 2011. From 2011-2012, people with over 20 years of experience saw a massive dip in demand between July and September. It was only after 2013 that the demand has improved across all experience categories.
The primary reason for this spike is that Indian companies, in general, follow the April to March financial year cycle for the variable, bonus component payouts and disbursements, and these usually gets completed by the first quarter (April-June) of the following financial year, said Vivek Madhukar, COO, TimesJobs.com in a release.
Not only the bonus payout, but salary increments too usually come into effect from April. “The first quarter helps job seekers build the requisite documents, such as two to three months’ pay slips, increment letters, etc for applying for a new job,“ he said.
Interestingly enough, while the monsoon sees a demand for entrylevel talent, the winter months of January and February have always seen a surge in demand for senior professionals, according to analysis of RecruiteX year-onyear data since 2011.
Information technology, telecom, manufacturing and healthcare sectors are the biggest recruiters of senior professionals during the winter season. Among cities, Mumbai reported the highest demand for senior professionals during January-February in the past five years (2011-2015).
Source: Economic Times
Date: 16th June 2015