The Year 2019 is wrapping up with a big bang with the hiring indices noting a U-turn and recording 21% Y-o-Y growth in talent demand in November 2019. The M-o-M growth in talent demand stood at 12%, which is the highest overall growth in talent demand this year, stated the findings of TimesJobs RecruiteX November 2019 edition. TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
These figures dismiss the recruitment lull looming large at the Indian corporates. Consumer Durables/FMCG, Healthcare/ Biotechnology and Retail sectors posted the highest growth in the talent demand. All three of them noted over 30% growth in Y-o-Y comparison of talent demand. This was followed by Petrochemicals/Oil and Gas which noted a 25% growth in talent demand. All sectors showed a positive spike in the yearly analysis of talent demand, except Automobiles which noted a 2% dip over November 2018.
The monthly analysis of talent demand too noted a 12% growth, with Healthcare/Biotechnology, BFSI and Construction/Cement sectors contributing most to the demand. In the location-wise analysis, most jobs were posted for Delhi-NCR, followed by Chandigarh.