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Real Estate & Construction Return as Top Employment Generators in April 2017: TimesJobs RecruiteX ReportNEW DELHI, May 22, 2017 /PRNewswire/ -- Overall talent demand was up by 3% during April 2017, real estate posted a 7% rise in talent demand and the construction sector saw a 6% rise in demand With the Government's focus on providing affordable housing to India's 1.3 billion citizens, the construction and real estate sector is gearing up for massive growth. This was evident with the Construction & Real Estate Industries posting the highest growth in demand for skilled professionals, as reported by the latest RecruiteX, the recruitment index by TimesJobs. While overall talent demand was up by 3% during April 2017, real estate posted a 7% rise in talent demand and the construction sector saw a 6% rise in demand. "Our RecruiteX report reflects the growth of the Indian middle class and their rising purchasing power which has converted the dream of owning a home into tangible demand for affordable housing. When coupled with Prime Minister Modi's drive to create a business-friendly environment, drive real estate growth, and create jobs, the sector is on a hiring spree to take advantage of the next growth wave," explains Ramathreya Krishnamurthi, Business Head, TimesJobs. While construction and real estate were the top hiring sectors during April 2017, logistics, petrochemicals, IT, Telecom and BFSI also hired significantly during the month. Business managers, consultants, hospitality, logistics and BFSI professionals reported significant rise in demand. IT, Telecom and engineering profiles, too witnessed rise in demand. Among key locations, Bengaluru and Pune posted the maximum rise in demand. Ahmedabad and Indore were the top hiring among the non-metros. Among states, Maharashtra (excluding Mumbai and Pune) posted a 5% rise in demand. Hiring gained momentum for experienced professionals while it dropped for freshers. Candidates having over 20 years of experience posted the highest rise in talent demand in April 2017. Key Takeaways Overall, hiring was up 3% during April 2017. Key employment sectors and functional areas contributed to the rise in hiring activity. - Real estate posted a 7% rise in talent demand. Construction sector saw a 6% rise in demand. - Business management/consultants reported a 21% rise in demand. - Among top hiring locations, Bengaluru and Pune witnessed a 14% rise in demand. - Candidates across all experience categories saw an active rise in demand, especially candidates with over 20 years of experience, wh saw a 10% rise in demand. Recruitment trends by Industry RecruiteX reports a rise across key employment generating segments. As mentioned earlier the real estate and construction industries were the best performing sectors during April 2017. - Real estate registered highest rise of 7% in hiring during April 2017 - Construction sector posted a 6% rise in demand. Logistics sector reported a rise of 4% in talent demand. - Petrochemicals sector posted a 3% rise in demand - IT & Telecom and BFSI sectors also saw a 2% rise in demand. Recruitment trends by Profession During April 2017, demand grew across key functional areas. Business management and consultants were the most in-demand profiles during the month. - Business management/consultants reported a 21% rise in demand. - Hospitality professionals witnessed a 12% rise in demand. - Logistics and BFSI professionals saw an 11% rise in demand and IT/telecom witnessed a 10% rise. Recruitment trends by Location Demand witnessed positive hiring momentum in most major employment hubs during the month of April 2017. Bengaluru and Pune were the best performing locations, during the month. - Among top ten locations, Bengaluru and Pune reported a 14% rise in demand. Hyderabad also posted a significant 13% rise in demand. - Chennai saw an 11% rise in talent demand in April 2017. Delhi-NCR posted a 5% rise in demand. - Ahmedabad and Indore posted an 8% rise, Jaipur saw a 3% rise and Chandigarh reported a 2% rise in demand in April 2017. Recruitment trends by experience levels Talent demand was upbeat across all professionals with experience, except freshers and those with less than 2 years of experience. - Candidates with over 20 years of experience reported highest rise (10%) in demand during April 2017. - Candidates with 5-10 years of experience posted an 8% rise in talent demand, followed by candidates with 10-20 years of experience with a 6% rise. - Candidates with 2-5 years of experience witnessed a 5% rise, while freshers and candidates with less than 2 years of experience reported a 4% drop. Click Here to Download the Report - http://bit.ly/2quvPE0 About RecruiteX: India's leading e-recruitment jobs portal, TimesJobs presents the 'RecruiteX', to provide a reliable snapshot of the hiring activity in India with a complete analysis of demand in relation to major industries, functional areas, locations and experience. About TimesJobs: TimesJobs, a flagship business of Times Business Solutions (TBS), is a platform to help competent professionals enhance their career growth. With over 25 million registered jobseekers across the board and more than 60 million page views every month, it is the most preferred career portal among ambitious and talented professionals who want to make smarter career decisions that accelerate their career progression. 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:
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.
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