Annual hiring trends rise to 26% in 2021: Naukri Jobspeak report
As we break into the festive fervour, it is interesting to note how the hiring trends and numbers are shaping up in the year end of 2021. Naukri Jobspeak Index unveiled its November 2021 numbers to share how the hiring activity in India has increased by 26% annually, with index trending at 2173 in November 2021 as compared to 1727 in NOvember 2020. Read the key findings below :
According to the Naukri JobSPeak report, the festive season marks the comeback of the retail sector - showing a 47% Y-o-Y growth in Nov’21. Hospitality/Travel (+58%) has also In a bid to fall back to normalcy, schools are primed to reopen across the country; The Education sector (+54%) experienced a resultant uptick in hiring.
Hiring activity in Nov’21 has also grown in major job creation sectors - Banking/Financial Services (+30%) and IT-Software (+50%), as compared to Nov’20. While the Telecom/ISP (+91%) industry continues to grow, the index reported a muted growth in Medical/ Healthcare (+3%) and FMCG (+6%) sectors.
Continuous growth of the IT-Software and BFSI sectors have enabled metro cities to outperform their tier - II counterparts in the annual growth charts. The average Y-O-Y growth recorded in metro cities was 39% whereas non-metros grew at a slower pace of 16%. For example, Hyderabad (+47%), Pune (+47%) and Bengaluru (+49%) recorded the highest growth in Nov’21.
Hiring was also positive in Mumbai (+36%), Delhi/NCR (+34%) and Chennai (+35%) while Kolkata (+23%) witnessed relatively slower growth.
Among the non-metros, Ahmedabad (+61%) witnessed maximum growth in Nov ‘21 followed by Coimbatore (+28%).
Hiring across all experience bands was positive in Nov’21 as compared to Nov’20 with demand for senior professionals belonging to the 8-12 yrs (+37%) bracket witnessing maximum traction. Demand was also positive for professionals in the 4-7 yrs (+30%), 0-3 yrs (+27%), 13-16 yrs (+26%) and above 16 yrs (+20%) brackets.
Pawan Goyal, Chief Business Officer, Naukri.com said about the report's findings, “Being two of the worst impacted sectors of the pandemic, the Hospitality/Travel and Retail industry have stood out in their recovery. Riding the festive wave in the past few months, these sectors have grown by 63% and 56% annually from Sept’21 - Nov’21.”