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- Hiring in India around 42% above pre-Covid levels: LinkedIn
Hiring in India around 42% above pre-Covid levels: LinkedIn
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Hiring in India around 42% above pre-Covid levels: LinkedIn
IANS / Updated: Aug 3, 2021, 07:13PM IST
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There was a deep hiring dip in April 2021, corresponding to the second wave of Covid-19 cases in India.
Since then, it has been recovering steadily -- compared to the pre-Covid levels in 2019, it was 35 percent higher at the end of May 2021, and 42 percent higher at the end of June 2021.
This is possibly due to a release of pent-up hiring (which accumulated in 2020 as companies took a more cautious stance towards hiring), the update showed.
While the competition for jobs is lower compared to 12 months ago, applicants are applying more aggressively.
In 2020, the applications per job doubled during the height of global lockdowns. On the contrary, the average number of applications per job is 0.6 times compared to the same month last year.
Meanwhile, the applications per applicant have been slowly increasing and have reached 1.2 times compared to last year.
This suggests that the supply of jobs has increased in the market, and also that workers are more actively seeking jobs. In this environment, professionals who upskill will likely have a wider spectrum of jobs available to them, revealed the update.
The data also showed that between January 2018 to June 2021, the share of Gen Zs entering the workforce has increased by over 4.2 times. Compared to people who only have basic or applied digital skills, Gen Z, who have either software/hardware skills or disruptive digital skills, are between 1.3 to 1.5 times more likely to be hired.
Further, the update also looked at how job seekers in different industries are adapting to changes and adjusting their jobs search strategy.
The hardware and networking sector is at the top of the list this month, but the rate has fallen from 2.9 times last month to 2.5 times this month. Over 75 percent of those workers who transitioned out of the hardware and networking industry, moved to the software and IT sector in June 2021.
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