With digitisation, Internet of Things (IoT) and more policy reforms on the cards, this growth trend is expected to continue into next year, the survey has found.
IT and telecom sectors posted an increase of 17% in hiring activity, while the BFSI sector posted a 9% rise in talent demand year-on-year (y-o-y), buoyed by the wave of development created by the government's initiatives like Digital India and Smart Cities, a survey by Timesjobs.com has found.
The demand for skilled professionals in the banking, financial services, insurance, IT and telecom sectors have all seen consistent upward trends, even as the overall RecruiteX demand index dropped has by 8% y-o-y, the survey said.
IT and telecom sectors clocked a whopping 17% rise in demand between November 2014 and 2015, and were the top employment generators even at the start of 2015 with nearly 20% rise in demand in January.
Between January and November 2015, the sector continued to consistently register a rise in talent demand each and every month.
"The TimesJobs.com RecruiteX for the IT and Telecom sectors has been rising steadily for the past six months. With digitisation, Internet of Things (IoT) and more policy reforms on the cards, this growth trend is expected to continue into next year. 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," says Vivek Madhukar, COO, TimesJobs.com.
The Banking, Financial Services and Insurance (BFSI) sector has also registered a 9% growth in hiring between November 2014 and 2015 while the consulting services sector posted a 4% rise y-o-y.
Here's how the other sectors fared in hiring:
-- Travel and hospitality sectors posted a 3% rise in demand y-o-y
-- Demand in media and entertainment industries has been stable between November 2014 and 2015.
-- Demand for IT and Telecom professionals also grew by 15% in the same period.
-- Business management consultants and freelancers also witnessed a 14% rise in demand.
-- Demand was up by 16% for lawyers and for legal professionals as well y-o-y.
-- Content, editorial and journalists' profiles also saw an 8% rise in demand
The demand index for experienced professionals grew significantly between November 2014 and 2015. Candidates with over 2-5 years and 5-10 years of experience posted 18% and 13% increases in demand y-o-y, respectively.
"With both big companies and start-ups 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 added.
Senior profiles of candidates with 10-20 years experience have also reported 6% rise y-o-y.
Among metros, flood-hit Chennai's recruitment index in November 2015 dropped by 1% on y-o-y index. While, in October 2015, talent demand was up by 16% in the city.
Bengaluru topped the charts again with over 30% rise in talent demand between November 2014 and 2015. Among non-metros, Ahmedabad also saw over 30% rise in talent demand, according to TimesJobs.com RecruiteX.
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