Tatsat Chronicle Magazine

According to a report, hiring activity is at an all-time high, surpassing pre-Covid levels

In September, hiring across all experience levels increased compared to the previous year

According to the latest Naukri JobSpeak survey, hiring activity by Indian companies reached an all-time high in July 2021, showing a significant return of economic growth and a prolonged recovery from the impact of Covid-19 on business. This is the highest it’s ever been, even before the Covid era. “It is exciting to witness the month on month progressive development in hiring over the past three months as a result of the nation-wide unlocking,” Pawan Goyal, Chief Business Officer, Naukri.com, said in response to the data. While the Pharma/Medical, IT, and BPO/ITES sectors continue to lead hiring, other critical sectors such as Telecom, Retail, and Real Estate are showing signs of a strong rebound in August 2020. We are optimistic that in the following months, the recovery will be more robust.”

Hiring in important businesses such as Recruitment/Employment (19%), Auto (17%), BPO/ITES (16%), and IT-Software (14%) continues to improve, while the FMCG (1%) and Hotels/Restaurant/Travel (2%) sectors remained unchanged from the previous month. Furthermore, the Oil and Gas/Power sector continues to be severely damaged, with a 10% loss even on a sequential basis. Negatively impacted In August 2020, industries such as retail and real estate had an increase in hiring when compared to July 2020. Legal, pharmaceutical, and IT-hardware are three of the most affected industries in that order.

From a city standpoint, all metro cities are experiencing sequential hiring growth, with Kolkata (27 percent) and Bengaluru (24 percent) leading the way (22 percent ). In August 2020, Tier 2 cities like Chandigarh (8%) and Kochi (7%) continued to observe an increase in recruiting activity. Sequential hiring, on the other hand, fell by 11% in Coimbatore. Hiring increased by 10% on average across all experience levels in August 2020 compared to July 2020. This was fueled by a 14% increase in hiring for entry-level executives (0-3 years of experience) and a 13% increase in mid-management positions. Even the hiring of senior executives (>16 years of experience) increased by 11% on a year-over-year basis.

 

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