Big data and predictive analytics likely to dominate recruitment, TeamLease report says

CHENNAI: New areas such as big data and predictive analytics are emerging as the most coveted in the Indian recruitment space and also accelerating the need for a highly sophisticated workforce, says TeamLease Services’ employment outlook report for the half year period from April to September 2015.

The report expects that demand for the analytic skills is likely to far outstrip supply. The skills required for a data analytics function typically relate to mathematics and statistics, besides programming skills and an ability to go through lines of data generated by businesses to unearth valuable patterns.

According to TeamLease, other key trends that are likely to dominate recruitment industry over the next six months include increasing demand for Information Technology (IT), engineering and other blue collar jobs, emergence of startups as key hirers and the increased adoption of Recruitment Process Outsourcing (RPO).

The report states that both business and employment outlook is likely to dip marginally in the April-September period, indicating a consolidation by India Inc. While business sentiment is expected to witness a one point drop, employment outlook is likely to be down by two points.

Photo courtesy of The Times of India
Photo courtesy of The Times of India

“However, the cautiousness seems to have not dampened job growth and it remains strong at 11.3%, although lower than last half year, it is significantly better than the previous year,” TeamLease said in a release.

Industry-wise analysis showed that retail (led largely by online) and manufacturing/engineering, which clocked a three and four point increase in business and employment outlook respectively, are pushing the overall sentiment upwards while telecom seems to be the laggard.

Geographically, Mumbai and Delhi continue to showcase robust business and hiring activity, while Chennai’s growth is restricted only to business.

Pune, with a three point increase in hiring, is on a hiring spree, the report says. It expects that hiring from tier 2 towns will fall by two points in the current half year.

Functionally, the report says sales & marketing seems to have lost its sheen in the employment market with the focus landing on IT and engineering roles.

“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,” Kunal Sen, senior vice-president of TeamLease Services, said in a statement.

The report stresses on the growing requirement for talent in the field of delivery/logistics, facility management, mobile applications as well as data science and lists content curator, dental hygienist and valuation and market risk analysts as a few sought after skills.

To read the original article from The Times of India, click here.

Originally Posted at: Big data and predictive analytics likely to dominate recruitment, TeamLease report says by analyticsweekpick

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