News: Hiring activity recovers 5% in July: Report

Talent Acquisition

Hiring activity recovers 5% in July: Report

Industries such as Recruitment /Employment, Media/Entertainment and Construction/Engineering bounce back with positive signs in hiring M-O-M as lockdown restrictions are eased further.
Hiring activity recovers 5% in July: Report

Hiring activity in India recovered marginally by five percent in July compared to a month ago amid gradual easing of lockdown relaxations and re-opening of critical industries, according to Naukri JobSpeak.

A month-on-month hiring deep dive showed key sectors such as recruitment/employment (37%), media/entertainment (36 percent) and construction/engineering (27 percent) drove hiring activity in July as compared to June. Industries such as BFSI (16%), auto (14 percent), telecom (13 percent) and IT-Hardware (nine percent) continue to improve in recruitment activities while the IT-Software sector (0%) was flat sequentially. Education/teaching (-22 percent), hospitality (-5 percent) and retail (-2 percent) sectors saw a decline even in sequential comparisons.

From a city perspective, there is sequential growth in hiring across key metro cities like Delhi/NCR (10%), Mumbai (eight percent) and Chennai (four percent). On the other hand, Bengaluru and Kolkata declined sequentially by four percent each. Tier 2 cities such as Jaipur, Vadodara and Chandigarh continue to see much more growth in recruitment activities than the metros. Jaipur has grown by 40 percent and Vadodara by 35 percent sequentially.

“July’20 marks marginal recovery in month-on-month hiring activities. Industries such as Recruitment /Employment, Media/Entertainment and Construction/Engineering bounce back with positive signs in hiring M-O-M as lockdown restrictions are eased further,” said Pawan Goyal, chief business officer, Naukri.com. “It is interesting to see emerging cities leading the way in job market recovery versus metros which are declining by more than 50 percent,” he said.

The demand for roles in production/maintenance (six percent), pharma/media (five percent), marketing/advertising (four percent) and sales/business development (four percent) saw a slight increase sequentially. However, hiring for professionals in the hospitality and teaching/education sector was most impacted.

Hiring across experience levels also grew by an average of 5% in July as compared to June. This was led by a six percent increase in hiring for mid and senior management executives (8-16 years’ experience).

Industries such as hotel/restaurant/airlines/travel (-80%), retail (-71 percent), real estate (-60 percent) and oil & gas/power (-58 percent) continued to struggle in the month of July versus last year at the same time. Key sectors like BPO/ITES (-42 percent), FMCG (-39 percent), pharma/biotech (-38 percent), IT-hardware (-30 percent) and medical/healthcare (-20 percent) were least impacted in hiring year-on-year.

Read full story

Topics: Talent Acquisition

Did you find this story helpful?

Author


QUICK POLL

Post-COVID, which aspect of work will technology impact the most?

2 months free subscription
q_auto,f_auto/v1599122279/mag-september-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Interested in daily dose of short & crisp insights from the world of work?