The demand for senior talent is on the rise, reveals the latest TimesJobs RecruiteX, a monthly recruitment index that records the demand and supply of talent.
Hiring for senior professionals with 20+ years of experience has witnessed a 17% growth in August 2019, compared to July. In Y-o-Y comparison, senior executives in this experience bracket recorded 28% growth, indicating that either India Inc is replacing the old ‘non-performers’ or creating new positions citing business expansion/growth/new technology.
Overall, August 2019 noted 11% growth in Y-o-Y analysis of talent demand.
“This month FMCG sector noted the highest growth in talent demand, and work-experience wise senior professionals with 20+ work experience registered the highest growth too. Co-relating these facts, we can conclude that most businesses are gearing up for the impending festive season and organisations are looking to strengthen their leadership teams. This, and other factors, have pushed senior-level hiring at India Inc,”said Sanjay Goyal, Business Head, TimesJobs & TechGig in a release.
Among the top 10 sectors, hiring is up in consumer-driven sectors including consumer durables, FMCG and retail as the festive wave has begun. Consumer Durables/FMCG has seen a 18% growth in demand for professionals, with retail and construction both showing 15% growth each.
Among the top 10 locations, Pune recorded the highest demand.