At 1,755 job postings, there was an improvement of 24 percent in hiring activities last month compared to 1,413 listings in August

PTI

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With life returning to normalcy gradually, hiring activities grew 24 percent in September as compared to August, driven by pharmaceuticals and education sectors, according to the Naukri JobSpeak Index.

At 1,755 job postings, there was an improvement of 24 percent in hiring activities last month compared to 1,413 listings in August, as per the report for September 2020.

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

The growth was propelled by industries like pharma, which saw 44 percent rise in hiring activities, FMCG (43 percent), education and teaching (41 percent each) and IT (32 percent), it said.

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Further, the report said the opening up of the economy with unlock measures and increased mobility led to an improvement in hiring activities in industries like real estate (44 percent), auto and ancillary (29 percent) and hospitality and travel (48 percent) compared with August.

Key industries such as BPO and ITES (29 percent) and banking and financial services (33 percent) continued to post robust growth sequentially, it added.

Meanwhile, the report also revealed that metros, which were reeling under various lockdown measures earlier, posted strong double-digit growth in September compared to August with Pune (26 percent) leading the pack followed by Hyderabad and Chennai (24 percent) and Bangalore (14 percent growth).

Tier II cities like Ahmedabad (34 percent), Chandigarh (39 percent) and Jaipur (36 percent) also saw a significant uptick in hiring activities, it added.

Hiring also grew across the board in terms of experience bands with the demand for mid-management professionals (8-12 years) up by 27 percent against August followed by 0-3 years of experience (25 percent), 4-7 years (23 percent), 13-16 years (24 percent) and less than 16 years by 19 percent.

The last quarter has seen significant uptick in hiring activities, growing at 14 percent compared to 8 percent decline in the second quarter (April-June).

“While hiring is yet to touch last year's levels and is down by 23 percent in September compared to same month in 2019, it is still a marked recovery from a 35-60 percent decline that we have witnessed in the last few months,” Naukri.comChief Business Officer Pawan Goyal said.

Businesses that are leveraging digital channels for dissemination and consumption of goods and services are thriving and will continue to do so as social distancing norms are imbibed in their daily lives, he observed.

With increased mobility and focus on health, we are hopeful that hiring activities will further improve in sectors like travel, hospitality, medical, healthcare, insurance and financial services, he added.

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First Published on Oct 13, 2020 01:27 pm

Hiring activities improve by 24% in September 2020; pharma & education push trend

At 1,755 job postings, there was an improvement of 24 percent in hiring activities last month compared to 1,413 listings in August

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tags #Business #coronavirus #Economy #hiring #India #jobs