Hyderabad is fast emerging as the top job hub, with the city reporting 30 per cent rise in demand for talent during March said the a TimesJobs.Com RecruiteX report. Among the metros, Chennai registered a 20 per cent increase in demand, while Delhi-NCR witnessed 6 per cent rise.
After remaining largely flat during the first two months of the year, hiring activity went up by 3 per cent during March. "The Indian job market which was largely inactive during January-February 2014 is getting back on track as RecruiteX demand index climbed up to 93 points in March from 90 points recorded in February," says the report.
With political uncertainty coming to a conclusion, hiring went up by 3 per cent during the month of March, indicating India Inc is optimistic about the future, it added. Project, infrastructure sector emerged as the top employment generator in March with 12 per cent rise in demand while petrochemicals industry reported 9 per cent growth.
According to the RecruiteX report, petrochemicals and project infrastructure were the first two major industries to show signs of revival in a struggling economy. While both these industries started the year on a sombre note, witnessing negative hiring sentiments during January, things started looking up from February, it said.
IT and telecom sector reported 6 per cent increase in hiring, while recruitment activity went up by 5 per cent in healthcare, biotechnology, pharmaceutical, manufacturing and engineering industry. Construction, cement, metal, steel and iron industry registered 9 per cent increase in hiring, the report said.
Besides, there has been a huge demand for engineers in India Inc with experts saying this is expected to increase manifold in times ahead. This profile reported 12 per cent rise in demand during March 2014. This was the only profession to witness a double-digit rise in demand during the month amid revival of hiring in core sectors including project, infrastructure, petrochemicals, manufacturing and real estate, the report noted.
The RecruiteX data highlights that in March, demand for over 20 years of experience professionals increased by more than 30 per cent. The 10-20 years and over 20 years of experience category together accounted for 65 per cent of the total demand for candidates across experienced categories.
SOURCE: Moneyguru India
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