'Sectors related to foreign trade, exchange, import and travel are experiencing a slowdown, which is now reflecting in their talent demand too.'
With the Coronavirus pandemic gathering its grip around India, it is already impacting talent demand across the country.
According to the latest report from TimesJobs RecruiteX, most job sectors registered a fall in talent demand between February and March this year
The February 2020 analysis revealed that projects/infrastructure sector noted the sharpest dip in talent demand followed by petrochemicals/oil and gas, export/import/merchandising and logistics and warehousing sectors.
"The world, especially China, the south-east Asia region, Italy and Iran, has been dealing with the impact of Coronavirus since December 2019. Accordingly, the sectors related to foreign trade, exchange, import and travel are experiencing a slowdown, which is now reflecting in their talent demand too,” said Sanjay Goyal, business head, TimesJobs and TechGig.
Most high-volume sectors, including retail, FMCG (fast moving consumer goods), BFSI (banking, financial services and insurance), manufacturing and engineering registered a drop in talent demand in February 2020 v/s January 2020 comparison.
Sectors with negative talent demand in February-March 2020:
- Projects/infrastructure/power/energy: -17%
- Petrochemicals/oil and gas/power: -15%
- Export/import/merchandising: -15%
- Logistics and warehousing: -14%
Most job profiles like engineering, sourcing, retailing noted a dip.
Quality/process control is the only group to report growth in demand. The sector noted the highest growth of over 30% in February 2020.
Functional areas that witnessed negative talent demand in February-March 2020:
- Logistics/supply chain: -17%
- Customer service/tele calling: -14%
- Front office/administration: -13%