Information technology and telecom continued to rule the job market in November with an increase of 17 per cent in hiring from a year ago. Between January and November, IT and telecom registered an expansion in demand for talent, according to a TimesJobs.com release.
“TimesJobs.com RecruiteX for the IT and telecom sectors has been rising steadily for the past six months. With digitization, IoT (internet of things) and more policy reforms on the cards, this growth trend is expected to continue into next year,” said Vivek Madhukar, COO, TimesJobs.com. “However, the sector is expected to be cautious of mass hiring in fiscal 2016, and would be largely taking stock and focusing hiring needs on niche roles.”
Given the government’s Digital India and Smart City initiatives, the demand for skilled professionals in the banking, financial services, insurance (BFSI) and IT and telecom sectors has risen consistently even as the overall RecruiteX demand index dropped by 8 per cent over the year earlier.
The BFSI sector registered a 9 per cent growth in hiring in November from the year earlier. Demand for IT and telecom professionals grew 15 per cent during the month. Business management consultants and freelancers witnessed a 14 per cent rise in demand.
“With both big companies and startups in expansion mode and some venturing into new business avenues, demand for experienced professionals, especially at the middle level, will rise to sustain credible growth rates,” Madhukar said.
Bengaluru topped the charts again with a rise in talent demand of more than 30 per cent in November from the year earlier. Among non-metros, Ahmedabad also saw a rise of more than 30 per cent in talent demand, according to TimesJobs.com RecruiteX.
Source :- The Economic Times (Mumbai)
Date :- 15th December, 2015