Auto, Retail and BFSI, top hiring sectors in July-December 2018: A report

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A growth of 4 percent was recorded in overall talent demand during the July–December 2018. Auto, Retail and BFSI, were the top hiring sectors for the aforesaid period, stated TimesJobs RecruiteX Biannual report.

The report revealed that Automobiles, Retail and BFSI witnessed 14%, 13% and 9% growth in talent demand respectively. Advent of electric vehicles and entry of big foreign players in the Indian market are the main reasons behind Automobiles sector is witnessing a rapid growth.

The Indian IT sector, which wasn’t among the top five sectors in terms of recruitment during the January- June 2018 period, showed significant pace during the period. The Indian IT sector was the fourth topmost hiring sector with 7% growth in talent demand from July-December 2018. It is considered that the diversification plan of most corporate is the main reason behind the IT sector’s growth. Delhi-NCR was the top job hub for all IT related job opportunities across junior, middle and senior management levels.

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Commenting on the findings of the RecruiteX Biannual report, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “The surge in overall talent demand from July-December 2018 is a positive development and indicates that India Inc. has been in the hiring mode. In July 2018, the hiring activities recorded a huge rise of 16% M-o-M and that followed in the next six months as well. We expect this momentum to remain for some time.”

Key highlights of the report are:

• Overall talent demand increased by 4% in July–December 2018 review period

• Automobiles sector topped the hiring tally with 14% increase in talent demand in the review period

• Retail and BFSI sectors followed with 13% and 9% growth respectively

• IT sector followed next with 7% growth

Bengaluru, Ahmedabad, Vadodara, Pune and Chennai were among the top job hubs

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