A latest survey on working professionals, conducted by a leading job portal, revealed senior professionals with 20+ years’ of experience will be in high demand among employers this year.
Nilanjan Roy, head of strategy, Times Business Solutions, said that while overall job creation might still remain a challenge, certain sectors will open up positions for senior professionals this year. These include infrastructure, manufacturing, and technology which is likely to boost demand for top professionals since they received a boost from the Union Budget 2017.
Roy went on to add, most of the jobs currently available range between INR 12000 to INR 15000, especially at retail or at call center level. There is a scarcity of well-paid jobs for highly-skilled young engineers who are entering the workforce every year. This percentage of the population needs to be employed, not only to commensurate their skills but also for India to become a true knowledge economy.
Key Takeaways from the report
The key takeaways from the report are explained below:
#1. Demand of senior professionals up by 17%
The first takeaway is the demand for senior professionals and individual in the managerial position is much higher than that of mid-level employees. Sectors include law and legal services, biotechnology and pharmaceutical products. Among all the metros, the demand for senior professionals increased the maximum in Bengaluru.
On the other hand, demand for fresh graduates dropped by 10% and practitioners with around two plus years of experience has seen a drop in 7% drop in the last three months.
#2. Legal and law top hiring sector
The legal and law happened to be the top industry in terms of hiring. The demand for working professionals in this domain has increased by nearly 20%. Needless to say there has been an enormous talent demand for experienced legal professionals.
#3. Pharma, biotech and petrochemical professionals also in demand
The next major takeaway happens to be the increased demand for professionals in the domain of pharma and biotech. This segment witnessed a huge demand of 24%. On the other hand, petrochemicals and, oil and gas sector also saw a substantial demand for experienced professionals.
#4. Bengaluru witnessed huge demand for talent pool
Among all the major Indian metros, the city of Bengaluru has experienced a huge demand for professionals not only from the fields mentioned above but also from sectors like IT and ITeS. This was followed by Chandigarh and a surprise entry of Arunachal Pradesh recording a substantial demand for talent pool.
Source – EconomicTimes