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Month-on-Month Hiring Activity in India Recovers

Month-on-Month Hiring Activity in India Recovers

Hiring activity increased steadily in sync with the unlock measures taken by the Indian government according to the Naukri JobSpeak Index.

 

The Index found a 12 per cent improvement in job postings at 1,413 in August '20 as compared to July'20. However, when it comes to a Year-over-Year (Y-O-Y) level, hiring is still down by 35 per cent in August'20.

 

The Pharma/Biotech (+15 per cent) sector witnessed a positive demand for professionals in August'20 Y-O-Y. Interestingly, the demand for the Banking/Insurance job roles remains stable.

 

The Hospitality and Travel (-80 per cent) industries continue to be the most impacted sectors in these testing times. While, Oil & Gas/Power (-59 per cent), Retail (-54 per cent), and Accounting/Taxation/Finance (-46 per cent) sectors saw a steep decline in hiring activity in August'20 Y-O-Y.

 

Industries like Medical/Healthcare (-1 per cent), Telecom (-9 per cent), IT-Hardware (-25 per cent), and BPO/ITES (-26 per cent) remained less impacted in hiring.

 

Meanwhile, the hiring activity in metros declined more than the national average (38 per cent vs. 35 per cent) in August'20 Y-O-Y. Mumbai saw a decline of  44 per cent, Chennai by 41 per cent and Delhi NCR by 40 per cent. Tier-2 cities such as Jaipur (-23 per cent), Vadodara (-23 per cent), and Chandigarh (-15 per cent) were least impacted.

 

The Naukri JobSpeak is a monthly index that calculates and records hiring activities based on job listings on its website month-on-month.

 

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