IT and Telecom lead November’s Job Market

IT and Telecom continued to rule the job market in November with a 17% hike in hiring.

According to a TimesJobs.com release, IT and telecom companies registered a steep demand for talent between January and November.

"TimesJobs.com RecruiteX for the IT and telecom sectors has been rising steadily for the past six months. With digitization, IoT (internet of things) and more policy reforms on the cards, this growth trend is expected to continue into next year," said Vivek Madhukar, COO, TimesJobs.com. "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."

With the Modi government's Digital India and Smart City initiatives, the demand in banking, financial services, insurance (BFSI) and IT and telecom sectors has risen consistently even as the overall RecruiteX demand index dropped by 8% over the year earlier.

"With both big companies and startups 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 said.

Image credit: Indiatimes