Demand for CXOs and Senior Professionals Grows in India by 30%

April 13, 20178:42 am435 views

The demand for senior professionals in India with over 20 years of experience reported a rise of over 30% during March 2017. Professionals with 10-20 years of experience also saw 3% rise in demand. These findings are according to Timesjobs latest RecruiteX study.

Those with 0 to 5 years of experience witnessed 3% rise in demand. However, demand for professionals with 5 to 10 years of experience, saw 4% drop during the month.

“Led by a business-friendly government and Corporate India’s expectation of policy stability over the next 10 years, organisations are gearing up for growth, which is reflected in the increased demand for senior managerial talent as reported by TimesJobs RecruiteX. Whenever organisations get ready for growth, we have seen a marked increase in demand for senior managerial talent. We do not see such demand for senior profiles in the case of ordinary replacement hiring,” says Nilanjan Roy, Head of Strategy, Times Business Solutions.

Healthcare is the top employment sector

Healthcare was the top hiring sector of the month, followed by consulting services and the real estate sector. The healthcare industry posted 8% rise in talent demand in March 2017. The consulting services and real estate sectors, both saw a 5% rise in talent demand during the month.

Petrochemicals posted a 4% rise in demand, while the IT & Telecom industries reported a 3% rise in talent demand during the month. The manufacturing sector also saw a 2% rise in talent demand. Among other key highlights, the retail and BFSI sectors saw a drop in demand of 5% and 4%, respectively.

See: Increased Hiring Demand for Senior Professionals in India in 2017

Doctors and medical professionals in demand

Doctors, nurses and medical professionals saw a 17% rise in demand in March 2017. These professionals have witnessed an average of 2% rise in demand since January 2017. Hospitality professionals also posted a rise of 6% in demand, during March 2017.

Engineers saw a demand of 5% in March 2017. IT & Telecom professionals witnessed a 3% rise in demand and business management, consultants and freelancers saw a rise of 2% in demand.

Hyderabad and Ahmedabad were the best performing locations

Hyderabad was the best performing location with 21% rise in talent demand. Ahmedabad also posted a 21% rise in talent demand, in March 2017.

Indore also saw a rise of 16% in talent demand. Among metros, Chennai was the only city to report 8% increase in talent demand, during the month. No other metro saw growth in hiring activity during the month, with Delhi NCR posting the highest drop of 8% in talent demand.

Also read: Hiring Activity to Grow in India by 10% to 15% in 2017

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