Hiring activity across sectors in India grew by 2 per cent in October 2015, says TimesJobs' RecruiteX

MUMBAI: Diwali saw hiring activity across sectors pick up by 2% in October 2015, according to RecruiteX – TimesJobs’ recruitment index. This is in sharp contrast to October 2014 when there was a double-digit drop in talent demand.

Between August and October 2015, talent demand has reported a steady rise of 2% on average while it had posted a 2% drop during the same three months last year.

IT, telecom, ITeS and consulting services sectors are the top employment generators in October 2015. The consulting services are emerging as the fastest growing employment generator with a significant 9% rise in talent demand.

The demand for engineers has seen a 9% rise after a two-month slump. "Hi-Tech skills and the burgeoning tech-based entrepreneurial spirit are the new growth engines of the Indian economy. Initiatives like Digital India, Smart Cities, Make in India, etc. when coupled with easy availability of capital and improved networking infrastructure are creating unforeseen opportunities and changing the economy. The job-markets are reflecting this economic paradigm shift." said Vivek Madhukar, COO, TimesJobs.com in a release.

The demand for junior/entry-level professionals with 0-2 years of experience is witnessing a whopping 11% rise in demand. The category as a whole has registered an average 4% rise in demand over the last three months.

Talent demand revived in metros in October 2015. Except for Delhi NCR, all metros report an increase in talent demand. Chennai leads the pack with 16% rise in demand during the month. Bengaluru also posted a healthy 14% rise in demand. Among tier II and III job hubs, Ahmedabad led with an average rise of 10% in talent demand.