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View All NewsIndia – Positive hiring outlook for 2015
Hiring activity grew by 2% across India in 2014, compared with 2013, with Retail and Banking, Financial Services, and Insurance (BFSI) leading the charge, according to the latest RecruiteX report from Indian job board TimesJobs.com.
The RecruiteX report shows steady growth in demand, suggesting a sustained momentum in hiring activity, which is expected to continue through this year.
Vivek Madhukar, COO of TimesJobs.com, commented: “As TimesJobs’ data shows - 2015 seems to be a good time to be active in the job market. With a stable government and strong economic cues, the inevitable growth of Indian industry will fuel considerable job growth in the country as well. Companies in core sectors of IT, engineering, manufacturing, BFSI, hospitality, logistics, ecommerce, and retail will emerge as leading employers.”
The Retail sector was the top job creator in December 2014 with a 6% month-on-month rise in demand, while the BFSI sector reported a month-on-month rise of 4%. BFSI was also the top hiring sector during the same month last year.
Demand for HR professionals registered an increase after a two-month slowdown. It was the only profession to witness a double-digit (12%) month-on-month increase in demand during December. Demand for front office/administration professionals increased by 8% during the same period.
India’s metropolitan areas; Delhi NCR, Mumbai, Bengaluru, and Chennai, registered an average job growth of 8%, month-on-month, in December. Bengaluru and Chennai were the top job hubs with both reporting growth of 12%.
The country’s metropolitan areas have witnessed sluggish hiring in the last quarter of 2014 but the market revived in December creating a more positive outlook for 2015.
To access the full report, click here.