IT-Manufacturing continues to outperform in job creation in 2019
Shine.com, an Indian job search platform, recently came out with its July Jobs Report encapsulating job growth trends across several industries and functional areas. While comparing year on year growth in jobs vis-à-vis July 2018, this month, it has also mapped its data to create a job trend analysis to understand job growth since April 2019 as July-Aug are pivotal months for job changes and the report will be used by many professionals to decide their next career move.
The top 5 functional areas that have witnessed job creation growth in 2019 are IT/software, sales/BD, product/maintenance, quality/testing and customer service/back-office operations. Zooming in, one can find that quality/testing has been consistently moving up and has grown in the past month also, taking the place of customer service as the 4th largest job creator in July 2019. This is positive news for all the QA testers who are today looking for a job change.Other functional areas that have made it to the top 10 list of job creating functional areas include finance/accounts, hotel/restaurant, travel/aviation, marketing/advertising/PR, and education/trainin
Analyzing the top 5 industries creating jobs in the country, Shine.com found that the education/training has sector has witnessed considerable traction as compared to last year. It had entered the Top 10 list only last year and this year it has maintained a solid standing in the Top 5 job creating industry list since April 2019. Since several tech-backed educational start-ups are entering the fray, a lot of new, high-value jobs are being created in the sector. Professionals across the country are also upskilling/reskilling themselves to take up more challenging roles in the industry. As more professionals acquire the skills to fulfill the increasing tech-centric job roles, demand in the education sector is likely to increase further.
Apart from education, the other industries that have consistently remained on the top 5 list of job creators include banking/financial institutions and BPO/call center. These two industries remain significant contributors to the economy and are absorbing huge numbers of professionals.Medical/healthcare, hotel/restaurant, and aviation/airlines have constantly remained in the top 10 list throughout 2019. While in the past few months, the aviation/airline industry has witnessed some fluctuation, it is now recovering and showing a positive sentiment in terms of job creation.
The top two job-creating industries – IT/software and manufacturing - have remained consistent since April 2019. Large-scale development and adoption of innovative technologies such as artificial intelligence, data analytics, and IoT have given a significant fillip to the IT industry. Other industries that have made it to July 2019’s top 10 list include management consulting and engineering/construction. Sectors that have witnessed a slowdown in job creation in July 2019 include NBFC and medical/healthcare.
