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Hiring Activity Sees 15% Rise In June After Covid Second Wave: Report
Hiring activity in India which was impacted by the second wave of Covid-19 has increased by 15% in June compared to May. The IT-Software/Software Services sector was the driving force behind the activity.
According to a report, hiring activity in India, which was impacted by the second wave of Covid-19, has increased by 15% in June compared to May. The IT-Software/Software Services sector was the driving force behind the activity.
According to the latest Naukri JobSpeak report released on July 08, India's hiring trends increased 15% in June, with 2,359 job posts compared to 2,047 in May. This demonstrates the country's resilience and rebound in an employment activity, notably after a 15% drop in April and then flattening out in May due to the pandemic.
The Naukri JobSpeak is a monthly index that evaluates and tracks hiring activity based on job postings on Naukri.com.
With A 5% Growth In June, IT Sector Continues To Rise
The IT-Software and Software Services sector rose 5% in June compared to the previous month, boosted by demand from companies looking to employ technology to solve problems. According to the report, this sector grew at an all-time high of 52% in June 2019 compared to pre-Covid levels.
It went on to say that IT hiring has remained remarkably immune to the pandemic's effects, owing to the increased digitisation of businesses.
Growth In Restriction-Affected Industries: Retail, Hospitality, And Travel
Areas such as Retail, Hospitality, and Travel, which have been hit hard by restrictions, have seen growth.
Following the lifting of pandemic-related travel restrictions, hiring activity in the hotels, restaurants, airlines, and travel (87%) and retail (57%) sectors increased significantly in June compared to May.
Insurance saw a 38 percent increase, banking, and financial services saw a 29 percent increase, and pharmaceuticals and biotech saw a 22 percent increase.
Other sectors, such as FMCG (22%), education or teaching (15%), and BPO/ITES (14%), witnessed a sequential increase in June compared to May.
Almost All Metros Experience Double-Digit Increase In Hiring
According to the report, cities hiring activity increased by double-digits in almost all regions after being near negative growth last month.
Hiring activity increased 10% in Pune, 10% in Hyderabad, and 4% in Bangalore, continuing their recent upward trend as they continue to meet the demand for experienced employees in the IT sector.
Other metro cities that were badly hit in May, including Delhi/NCR and Kolkata, have seen the growth of 26% and 24%, respectively.
The strongest performers among Tier-II cities were Jaipur, which had a 50 percent increase in recruiting activity, and Vadodara, which saw a 29 percent growth in hiring activity, according to the report.
Demand for Marketing, Advertising, Media Research, and Public Relations jobs increased by 39%, while Sales, Business Development jobs, and Human Resource/Administration jobs increased by 32% and 31%, respectively. In June, recruiting activity in Banking and Insurance increased by 31%.
As IT organisations continue to bulk-hire competent people in 2021, the Naukri JobSpeak index showed a 4% increase in demand for tech employees.
Meanwhile, hiring for teaching positions increased by 9% in June compared to May.
The substantial recovery in hiring, which came after a decrease in May, at 15% in June, is encouraging. It's encouraging to see sectors like hospitality and retail rebounding following the second wave of Covid-19, according to Pawan Goyal, Chief Business Officer of Naukri.com.
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