- Hiring activity picks up in June after Unlock 1.0: Naukri
- Entry-level sees the sharpest decline in hiring activity
Bengaluru: Hiring activity in India improved in June 2020 compared to the previous month as Unlock 1.0 kicked in but it is still down significantly when compared to the same period last year, according to data released by the Naukri JobSpeak Index.
The monthly index by the job portal calculates and records hiring activity based on newly added job listings on the site every month. It gives insights into hiring across various industries, cities, functional areas and experience levels.
“It is encouraging to see that the announcement of Unlock 1.0 in India has resulted in the month on month progressive growth in hiring. While the YoY hiring is still impacted leading to a decline of 44% in June’ 20, key industries such as IT, BPO/ITES, FMCG and Accounting have seen a significant uptick in hiring this month as compared to the last two months,” Pawan Goyal, Chief Business Officer, Naukri.com said.
Industries that saw the maximum decline include Hotel/Restaurant/Travel/Airlines, Retail, Auto/Ancillary and BFSI. The less affected industries include Pharma/Biotech/Clinical Research, BPO/ITES and IT software. In terms of cities, the decline was led by metros wherein Mumbai declined by 56% followed by Delhi and Chennai.
In terms of experience levels, there was an across the board decline in hiring, with the entry-level experience bands (0 to 3 yrs exp) witnessing the sharpest decline of 47% followed by a 44% decline in hiring for senior-level executives. (4-7 years experience).
At the same time, recruitment is picking up in sectors such as FMCG, accounting, IT-Hardware and IT-Software. In addition, functional roles in Education/Teaching (49%), Pharma/Biotech (36%) and Sales/Business Development (33%) saw an uptick in a month on month.