September has seen a growth of 24% in the hiring activity in India, as revealed by the popular online job portal, Naukri.
A major chunk of this hiring activity has been conducted by industries like pharma, fast-moving consumer goods, education, and IT.
Read on to find out what the report says, right here!
Naukri.com Reveals 24% Increase In Hiring Activity In India
Online job portal Naukri has said that there has been an improvement in the economy now that the country is unlocking slowly. Increased mobility has resulted in an improved hiring activity in various industries including real estate, auto/ancillary and hospitality/travel as compared to that of august.
This was confirmed by the Naukri JobSpeak Index for September. The Naukri JobSpeak Index is a monthly index that calculates and records on the hiring activity and the data is based on the job listings that are present on the Naukri.com website month on month.
Moreover, the report says that the key industries such as business process outsourcing (BPO)/IT enabled Services (ITeS) and banking and financial services have consistently reported a significant increase sequentially.
In a statement, Pawan Goyal, Chief Business Officer, Naukri.com, “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.”
Metro Cities Observe Double-Digit Growth Rate; Demand For Experienced Professionals Increased
The report has shown that metro cities, which suffered from the lockdown and its regulations have now clocked a double-digit growth rate in September, as compared to their numbers in August. Pune has the lead in this, while Hyderabad and Chennai follow. However, the silicon valley of India, Bengaluru, is lagging behind with only a 14 percent growth rate.
Ahmedabad, Chandigarh, and Jaipur have also seen good growth in their hiring activity.
The demand for experienced professionals has risen considerably. The demand for mid-management professionals with 8-12 years experience has gone up by 27% as compared to that of August. The demand for those with 4-7 years of experience went up by 23%, 13 to 16 years of experience went up by 24%.
Professionals with more than 16 years of experience have noted a rise in the demand by 19 percent.