A Positive Surge in Talent Demand Indicates Economic Growth (Infographic) 29% spike in talent demand expected to break the jinx of 2018

By Aastha Singal

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

After a long year of competent individuals crying foul about lack of employment opportunities, 2019 is shining brightly as a ray of hope for the talent market. A recent report by RecruiteX has reflected 29 per cent Y-o-Y growth in talent demand by corporate India in January 2019.

The Trends

The upsurge in the hiring opportunity could be taken as a positive sign for the economy. BFSI, IT/Telecom and Healthcare sectors have been leading the demand for talent in India with the highest number of job postings whereas Customer Services, Marketing & Advertising were among the top demanded job profiles.

According to the location-wise analysis, most jobs were posted in Bengaluru and Indore, followed by Mumbai and Pune. Among the metro cities, Delhi-NCR and Mumbai followed Bengaluru as the top hiring locations in India. In terms of job postings by experience level, freshers and professionals with less than 2 years of experience were most in demand by recruiters.

What to Watch Out for

Commenting on these findings, Ramathreya Krishnamurthi, Business Head, TimesJobs said, "The findings of RecruiteX January 2019 edition reflect remarkable progress in talent demand in both the Y-o-Y and M-o-M comparisons."

He further added, "Overall, I see it as positive news for the economy and as expected, the BFSI, IT/Telecom and Healthcare sectors have been leading the demand for talent in India. These are the sectors to watch out for in the coming months too".

Aastha Singal

Entrepreneur Staff

Former Features Writer

A business journalist looking to find happiness in the world of startups, investments, MSMEs and more. Officially started her career as a news reporter for News World India, Aastha had short stints with NDTV and NewsX. A true optimist seeking to make a difference, she is a comic junkie who'd rather watch a typical Bollywood masala than a Hollywood blockbuster. 

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

Successful Entrepreneurs Are Strategically Outsourcing These 5 Tasks

Strategic outsourcing is a way for busy entrepreneurs to reclaim valuable time and avoid burnout, allowing them to focus on core activities that drive real business growth.

News and Trends

Agentic AI Integration to Accelerate this Year Among Gen AI Early Adopters: Capgemini Report

79 per cent of the surveyed Indian executives revealed that their investment in GenAI has increased compared to last year, as compared to 62 per cent of the global executives.

News and Trends

Tata Steel Expands Digital Platform to Empower MSMEs

DigECA offers MSMEs direct transactional capabilities and real-time visibility into product availability, order status, and delivery, removing the dependence on traditional distribution chains

News and Trends

Mahaveer Finance India Secures INR 200 Cr in Series C Led by Elevation Capital

The fresh capital will be deployed to strengthen Mahaveer's presence in South India, bolster its proprietary tech infrastructure, and serve a broader base of underserved customers who often rely on informal moneylenders.

Side Hustle

7 Ways Ecommerce Is Helping People Rebuild Their Lives

Ecommerce is more than just a business model. For many, it's about finding stability, freedom and a way to feel in control.