Healthcare/pharma sector see hefty per cent rise in talent demand: report
21 October 2019
The healthcare / pharmaceuticals sector recorded the highest growth in talent demand in September, a hefty 21 per cent rise, according to a monthly recruitment index.
The start of the festive season also saw a 12 per cent growth in talent demand for the retail sector and a five per cent rise for the consumer durables/FMCG sector.
According to the, report tier-II cities such as Lucknow and Chandigarh recorded the highest growth in talent demand in September similar to the one observed in September 2018.
Significantly, consumer durables/FMCG and retail posted 28 per cent and 29 per cent growth respectively in a Y-o-Y analysis (September 2018 and 2019).
But the overall hiring activity remained flat across high-volume industries such as IT/Telecom, BFSI, Automobiles and BPO for September 2019.
Conducted by TimesJobs RecruiteX, the monthly recruitment index that records the demand and supply of talent at India Inc, notes that service-intensive sectors like Healthcare, Retail, Consumer Durables/FMCG and Travel & Hospitality continued to hire in September.
Top three sectors
The Top three sectors to witness M-o-M growth in talent demand were:
- Healthcare/ Biotechnology/ Pharmaceuticals – 21 per cent;
- Retail – 12 per cent; and
- Travel & Hospitality – 7 per cent.
Among functional areas, legal/law professionals recorded maximum growth in talent demand (30 per cent). The demand for Doctors/medical professionals (29 per cent) saw an uptick as the overall hiring trend in Healthcare sector was up.
Commenting on the report, Sanjay Goyal, business head, TimesJobs & TechGig said, “Hiring activity has been flat to negative in major sectors such as IT/Telecom, BFSI, BPO/ITeS, Automobiles due to the economic slowdown. Retail and Consumer durables/FMCG has pushed the talent demand owing to festive hiring and registered double-digit growth in Y-o-Y analysis, too. We can hope to see revival in hiring in high-volume sectors in the coming months.”