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Real Estate and Construction Sectors in India See Increase in Talent Demand in April 2017Management NEWS RECRUIT May 17, 2017
Real estate posted a 7 percent rise in talent demand and the construction sector saw a 6 percent rise in demand, with the overall talent demand being up by 3 percent during April 2017. This finding was reported by the latest RecruiteX, the recruitment index by TimesJobs.
With Government’s focus on providing affordable housing to India’s 1.3 billion citizens, the construction and real estate sector is gearing up for massive growth. This was evident with the Construction and Real Estate Industries posting the highest growth in demand for skilled professionals.
“Our RecruiteX report reflects the growth of the Indian middle class and their rising purchasing power, which has converted the dream of owning a home into tangible demand for affordable housing. When coupled with Prime Minister Modi’s drive to create a business-friendly environment, drive real estate growth, and create jobs, the sector is on a hiring spree to take advantage of the next growth wave.” explains Ramathreya Krishnamurthi, Business Head, TimesJobs.
While construction and real estate were the top hiring sectors during April 2017. Logistics, petrochemicals, IT, Telecom and BFSI also hired significantly during the month. Business managers, consultants, hospitality, logistics and BFSI professionals reported significant rise in demand. IT, Telecom and engineering profiles, too witnessed rise in demand.
Among key locations, Bengaluru and Pune posted the maximum rise in demand. Ahmedabad and Indore were the top hiring among the non-metros. Among states, Maharashtra (excluding Mumbai and Pune) posted a 5 percent rise in demand. Hiring gained momentum for experienced professionals while it dropped for freshers. Candidates having over 20 years of experience posted highest rise in talent demand in April 2017.
Candidates across all experience categories, especially those with over 20 years of experience saw 10 percent rise in talent demand.
Logistics sector reported a rise of 4 percent in talent demand, Petrochemicals sector posted a 3 percent rise and, IT & Telecom and BFSI sectors also saw a 2 percent rise in job growth opportunities. During April 2017, demand grew across key functional areas.
Business management and consultants were the most in-demand profiles during the month reporting a 21 percent rise in talent demand. Hospitality professionals witnessed a 12 percent rise in talent demand. Logistics and BFSI professionals saw 11 percent rise in demand and IT/telecom witnessed a 10 percent rise.
Demand for Candidates across Locations and Industries
Among top ten locations, Bengaluru and Pune reported a 14 percent rise in demand. Hyderabad also posted a significant 13 percent rise in talent demand. Chennai saw an 11percent rise in talent demand in April 2017. Delhi-NCR posted a 5 percent rise in demand. Ahmedabad and Indore posted an 8 percent rise, Jaipur saw a 3 percent rise and Chandigarh reported a 2 percent increase in talent demand in April 2017.
Talent demand was upbeat across all professionals with experience, except freshers and those with less than 2 years of experience. Candidates with 5 to 10 years of experience posted an 8 percent rise in talent demand, followed by candidates with 10-20 years of experience with a 6 percent rise.
Candidates with 2 to 5 years of experience witnessed a 5 percent rise in talent demand, while freshers and candidates with less than 2 years of experience reported 4 percent drop.
Feature image credit: freedigitalphotos.net
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