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Hiring perks up on government initiatives such as Digital India, Smart Cities: Survey

News Agencies | Updated on: 14 February 2017, 1:30 IST

Hiring activities in sectors such as banking, financial services, insurance, IT and telecom have seen a consistent upward trends, succoured by government's initiatives like Digital India and Smart Cities, says a survey.

According to TimesJobs.com RecruiteX, hiring activity in the IT and telecom sectors has been rising steadily and in November it clocked a 17% rise in demand for talent.

Meanwhile, the BFSI sector has also registered a 9% growth in hiring between November 2014 and 2015 while consulting services sector posted a 4% rise.

"With digitisation and more policy reforms on the cards, this growth trend is expected to continue into next year. However, the sector is expected to be cautious of mass hiring in fiscal 2016, and would be largely taking stock and focusing hiring needs on niche roles," TimesJobs.com COO Vivek Madhukar said.

The report noted that in November, demand for experienced professionals grew significantly.

Candidates with over 2-5 years and 5-10 years of experience saw an 18% and 13% respective rise in recruitment activity in November. Moreover, senior profiles of candidates with 10-20 years experience have also reported 6 per cent rise.

"With both big companies and start-ups in expansion mode and some venturing into new business avenues, demand for experienced professionals, especially at the middle level, will rise to sustain credible growth rates," Madhukar added.

City-wise, Bengaluru topped the charts again with over 30% rise in hiring levels, while flood-hit Chennai's recruitment index in November dropped by 1%. Among non-metros, Ahmedabad also saw over 30% rise in talent demand, according to TimesJobs.com RecruiteX.

First published: 16 December 2015, 4:11 IST