Hiring records 14% growth; IT/Telecom shine

The Indian job market is touching new highs with the IT/Telecom industry writing its strongest growth story with a 20 per cent increase in jobs in just one month, reports RecruiteX, the Jobs Index by TimesJobs.com. The index recorded a 14 per cent increase in September 2014 over August 2014. From January 2014 to September 2014 period, there has been a 21 per cent increase in demand for IT/Telecom professionals, shows RecruiteX. This is clearly an exciting time for IT job-seekers in India Inc. They never had it so good in recent times.

Ø  Demand doubled for Senior IT professionals

The hiring pattern is strong across all levels in the IT/Telecom industry. The time is best for senior IT professionals to look for a job. Job opportunities have doubled for senior IT professionals with over 20 years of experience, with a 67 per cent increase from January 2014 to September 2014 period. IT professionals with 10-15 years experience reported a 20 per cent increase during the same period.

As per the data, software engineers, application programmers, database administrators (DBA), graphic designers/animators/web designers and project leaders/project managers are the hottest jobs in the IT industry, currently.

Ø  Jobs galore across industries

The good news is that the abundance in jobs is not limited to the IT/Telecom industry only. The ITeS/BPO industry has also reported an 18 per cent increase in job postings in September 2014. Hiring in high-volume sectors such as BFSI, retail, healthcare/pharmaceutical/biotechnology is on a revival mode. Post the announcement of Prime Minister Modi’s ‘Make in India’ campaign, hiring has stabilised in manufacturing driven sectors such as manufacturing/engineering, automobiles/auto components, consumer durables/FMCG and projects/infrastructure in September 2014 over August 2014.

According to the RecruiteX, employers are actively looking for Research and Development professionals as they witnessed a 27 per cent growth in jobs in September 2014. A strong demand pattern is also observed for HR/Training and Administrative profiles. Customer-centric profiles such as customer/service and marketing & advertising are also in demand.

Ø  Delhi Tops Recruitment Charts

Among the top metros, Delhi NCR is leading the recruitment charts with a 21 per cent increase in job postings followed by Bangalore. In tier I locations, Hyderabad reported a double-digit growth in demand.

Mid-level hiring, professionals with 5-10 years experience, was upbeat in September 2014. The demand for over 20 years experience and 2-5 years experience reported a 10 and 12 per cent growth, respectively.

Considering the current pattern, it seems the Indian job market will stabilise in the coming months as the major sectors are on a revival mode and stabilising hiring activity across core and support functions.