Advertisment

Predictive analytics will dominate hiring in next six months

Big Data and Predictive Analytics are accelerating the need for a highly sophisticated workforce, and at scale, says TeamLease Services' Employment Outlook

author-image
Soma Tah
New Update
ID

BANGALORE, INDIA: Sales & Marketing, one of the evergreen profiles seems to have lost its sheen in the employment market. The focus seems to be on IT & Engineering and Blue Collar opportunities now, according to the TeamLease Services' Employment Outlook Report for April-September’15.

Advertisment

New domains such as Big Data and Predictive Analytics are accelerating the need for a highly sophisticated workforce, and at scale.

The skills required for a Big Data analytics function are diverse and are rooted in mathematics and statistics, besides programming skills. This domain, by itself, affords an entire hierarchy of data analyst job profiles, each of which is both intellectually and monetarily rewarding. Demand, across the hierarchy will likely far outstrip supply.

The report also emphasizes on the need for skills. There is a growing requirement for talent in field of delivery and logistics , facility management, mobile applications as well as data science and data exploration. Some of the sought after skills are expected to be content curator, dental hygienist and valuation and market risk analysts.

Advertisment

However, though there is a constant demand for futuristic skills especially in sectors like IT, they still employ a far bigger proportion of traditional job roles such as Systems Engineers, SAP Consultants, SQL, DotNet and Java Developers, Database Administrators and Project Managers.

Hiring in the current half year will be spearheaded by medium and large businesses.

The detailed study brings forth some important employment and business trends that will play a significant role in determining how job creation and hiring pans out in India over the next six months.

Advertisment

Though the net addition to the workforce is projected to be lesser than in the preceding half-year, the talent acquisition activity would continue to grow, states the report. Both business and employment outlook will witness a marginal dip in the current half year indicating a consolidation approach by India Inc.

While business sentiment will witness a drop of 1 point, the Employment Outlook will be down by 2 points. Business and Employment Outlook, and Job Growth, show a significant year-on-year increase although a marginal dip over the previous HY.

However, the cautiousness seems to have not dampened job growth, it remains strong at 11.3 per cent, although lower than last half year, it is significantly better than the previous year.

Advertisment

Kunal Sen, Senior Vice President, TeamLease Services said, “As the economic fundamentals that drive business and hiring sentiments last half year continue to exist, the current dip is more a course correction than a downturn. The pro-industry announcements and easing of norms coupled by the resurgence in the GDP growth will definitely pull the hiring back onto the growth trajectory.”

According to the report, seven out of the nine sectors have registered a moderate to neutral business and hiring sentiment indicating consolidation in the market.

While Retail (led largely by online) and Manufacturing & Engineering with a three and four point increase in business and employment outlook respectively are pushing the overall sentiment upwards, Telecom seems to be the laggard.

Advertisment

City wise, Mumbai and Delhi continue to showcase exuberance in business and hiring, while Chennai’s growth is restricted only to business. It is interesting to note that Pune, is on a hiring spree. Pune has registered a three point increase in hiring.

Further, though the sluggishness has not affected the metros and tier 1 cities, they seem to have impacted tier 2 cities. Hiring from tier 2 towns is expected to fall by two points in the current half year.

Top three sectors (by city) in terms of employment outlook growth are -

Advertisment

· Mumbai: FMCD (3 per cent) / Manufacturing & Engineering (3 per cent) / Information Technology (2 per cent)

· Delhi: Manufacturing & Engineering (3 per cent) / Information Technology (2 per cent)/ FMCG (2 per cent)

· Bangalore: Infrastructure (2 per cent) / Telecom (1 per cent) / FMCG (1 per cent)

Advertisment

· Kolkata: Manufacturing & Engineering (4 per cent) / Financial Services (1 per cent)

· Chennai: Manufacturing & Engineering (6 per cent)/ Information Technology (3 per cent) / Healthcare &Pharma (3 per cent)

· Pune: Information Technology (2 per cent)/ FMCG (2 per cent)/ Retail (2 per cent)

· Hyderabad: Healthcare &Pharma , Telecom(1 per cent each)

· Ahmedabad: Infrastructure (3 per cent) / FMCD (2 per cent)

big-data hiring tech-news analytics smac