Demand for senior professionals climbs up in August 2019
India Inc. recruiters never stop searching for fresh talent, but it seems ‘old’ is the new ‘fresh’ in the world of work.
Amid the fear of economic slowdown and speculations about the return of recession, the demand for senior professionals clocked a double digit growth in August 2019, according to TimesJobs RecruiteX.
In Y-o-Y comparison, professionals with over 20 years of experience recorded 28 per cent growth, while professionals with less 2 years of work experience – 3 per cent.
Overall, August 2019 noted 11 per cent growth in Y-o-Y analysis of talent demand.
This could mean only two things, either the companies in India are replacing the old ‘non-performers’ or creating new positions citing business expansion/growth/new technology.
When we talk about industry wise trend, the hiring activity witnessed an upswing in consumer-driven sectors including consumer durables, FMCG and retail.
Apart from this, the demand for Biotechnology/pharmaceutical professionals saw double-digit growth and for the very first time media professionals managed to seal their spot in the top 10 list.
Among the cities, Pune recorded the highest demand in recruitments, while none of the metros made it to top three in August’2019.