More Jobs for Senior Professionals in the New Year, Reports the TimesJobs RecruiteX

NEW DELHI, February 15, 2017 /PRNewswire/ --

Senior professionals saw increased demand in January 2017, even as the overall hiring momentum slowed down by 4% in January 2017. Professionals with over 20 years of experience have been witnessing remarkable growth of about 10% since November 2016, reports the latest RecruiteX - the recruitment index by TimesJobs.

"Focus on Infrastructure, Technology and Manufacturing in the recently announced Finance Budget 2017 is likely to further boost the demand for senior professionals across these sectors, as reported by RecruiteX. It is encouraging to note that the Finance Minister has also given a major push to the Skill India initiative, however, job-creation remains a big challenge," says Nilanjan Roy, Head of Strategy, Times Business Solutions.

"Most jobs that are being created are at a ten-fifteen thousand rupees, retail or a call center level. But job opportunities remain scarce for highly skilled young engineers and technology professionals entering the workforce each year. We need to be able to offer them opportunities commensurate with their skills, for India to become a true knowledge economy," adds Roy.

Key takeaways from TimesJobs RecruiteX

- Demand up by 17% for senior professionals with over 20 years of experience

- Law and Legal services sectors report a 20% rise in talent demand

- Demand for Biotechnology and Pharmaceutical professionals rose by 24%

- Among metros, Bengaluru was the only major metro to witness a rise (1%) in demand

Senior professionals in demand 

The demand for professionals with over 20 years of experience reported a rise of 17% during January 2017. It is interesting to note that these senior professional have seen a consistent 10% rise in demand in the last three months (Nov'16-Jan'17).

However, none of the other experience categories saw a rise in demand during the month. Demand for freshers posted a 10% drop in demand. This category of professionals with less than 2 years of experience has seen a 7% drop in the past three months.

Legal and law top hiring sector 

Law and Legal services were the top hiring sectors for the month, followed by the Financial Accounting sector. The Legal and Law industry posted a 20% rise in talent demand in January 2017. The Accounting sector also witnessed a 12% rise in talent demand during the month. The Media and Entertainment sector posted a 2% rise in demand while IT and Telecom sectors reported stable month-on-month demand.

Biotech and Pharma professionals in demand 

Biotechnologists and Pharmaceutical professionals saw a whopping 24% rise in demand in January 2017. These highly specialized niche professionals have witnessed an average rise of 10% in demand since November 2016.

In addition, as a result of increased hiring activity in the Legal and Law industry, demand for Lawyers and Legal professionals also grew by 21% in the month. Quality and Process Control professionals posted a 4% rise in talent demand, while professionals in Petrochemicals, Oil and Gas domains saw a 3% rise in demand during the month.

Bengaluru witnesses growth in talent demand 

Among metros, Bengaluru was the only metro to report growth (1%) in talent demand. The city has also posted an average rise of 2% in talent demand over the last three months. Among other major locations, Chandigarh saw a 3% rise in talent demand, followed by Jaipur with a 2% rise. Arunachal Pradesh was the best performing state with a 12% rise in talent demand during January 2017.

Click here to download the TimesJobs RecruiteX Report - http://content.timesjobs.com/docs/RecruiteXJan2017.pdf  

About TimesJobs: 

TimesJobs, a flagship business of Times Business Solutions (TBS), is a platform to help competent professionals make smarter career decisions. With over 25 million registered jobseekers across the board and more than 60 million page views every month, it is fast becoming the most preferred career portal among the candidates. 

TimesJobs is leading in the recruitment and employment space with its pioneering and dynamic divisions because it successfully meets all the needs of the jobseekers. Its major platforms include:

• TechGig: India's biggest dais for tech professionals to help them learn, showcase and compete in the IT industry.
• JobBuzz: A well-known portal that provides information and insights about different companies, job profiles and interview processes.
• StepAhead: StepAhead offers professional resume writing and distribution services, career astrology and resume improvement to help jobseekers accelerate their career.

Also, TimesJobs has the largest collection of jobs in the market, which ensures that whenever and wherever there is a great opportunity, jobseekers will discover it on the platform.

In the recruitment market as well, being the biggest platform for competent professionals who think of their careers first, TimesJobs has become the destination of choice for recruiters who seek to engage with the right talent.

Media Contact
Aseem Seth 
Head of Corporate Communications 
Times Business Solutions - A Division of Times Internet Ltd. 
Email: [email protected]
Twitter: @aseems 
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