Hiring Activity in India up by 24% in September – Pharma, Education and IT sector Among the Major Drivers

According to a new study by work portal Naukri on Monday, hiring operation in India saw a rise of 24 per cent in September compared to the previous month, led by industries such as pharmaceuticals, fast-moving consumer goods, education and IT.

The Naukri JobSpeak Index for September revealed that further opening of the economy with unlocking steps and increased mobility has led to an improvement in hiring activities in sectors such as real estate, auto / ancillary and hospitality / travel compared to August.

The report stated that key industries such as Business Process Outsourcing (BPO)/IT enabled Services (ITeS) and banking and financial services continue to sequentially post strong development.

Mr Pawan Goyal, Chief Business Officer, Naukri.com, said in a statement, “While the hiring is yet to touch last year levels and is down by 23% in Sept’20 versus Sept’19 but this is also a marked recovery from a 35%-60% decline that we have witnessed in the last few months”.

“Businesses that are leveraging digital channels for dissemination and consumption of goods and services are thriving and will continue to do so as we imbibe social distancing norms in our daily lives.”

In the month of September vs. August, metros that were reeling under various lockdown steps earlier saw strong double-digit growth, with Pune leading the pack, followed by Hyderabad and Chennai, while Bangalore is lagging with 14 percent growth.

According to Naukri, Tier 2 cities such as Ahmedabad, Chandigarh and Jaipur have also seen a major rise in recruitment operations.

In terms of experience bands, recruiting rose across the board with the market for mid-management professionals (8-12 years) up by 27 percent compared to August, followed by 0-3 years of experience (25 percent), 4-7 years of experience (23 percent), 13-16 years of experience (24 percent) and 19 percent of experience over 16 years.

Mr Goyal said, “With increased mobility and focus on health, we are hopeful that hiring activity will further improve in sectors like Travel, Hospitality, Medical/ Healthcare, Insurance and Financial services”.

Naukri JobSpeak is a monthly index that estimates and tracks month-on – month recruiting activity based on the job listings on the Naukri.com website.

Source:IBEF