Hiring is on a slow rise in India, but the numbers are nowhere close to pre-COVID levels
- According to Naukri.com’s JobSpeak Index, hiring activity saw a 5% month-on-month increase in July, but is still 47% lower than what it was in July 2019.
- The demand for freshers seemed to be the worst hit as entry-level jobs saw a 51% year-on-year decline.
- Here’s how each sector registered hiring activity in July 2020.
According to Naukri.com’s JobSpeak Index, hiring activity saw a 5% month-on-month increase in July, but is still 47% lower than what it was in July 2019.
However, the demand for freshers seemed to be the worst hit as entry-level jobs saw a 51% year-on-year decline.
“July 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 month-on-month as lockdown restrictions are eased further. It is interesting to see emerging cities leading the way in job market recovery versus metros which are declining by more than 50%.,” said Pawan Goyal, Chief Business Officer, Naukri.com in a statement.
Interestingly, the education sector, which saw an uptick in hiring throughout the lockdown phase, saw a fall in hiring on a monthly basis in July.
According to the survey, here’s how the different sectors fared
Naukri.com’s JobSpeak Index: Hiring Activity
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