Hiring Activity Grows 11 pc Sequentially In Jul, All-Time High Crossing Pre-COVID Levels

• BySheetal Sidhu     |    August 7, 2021

Hiring activity in the country touched an all-time high in July, witnessing a 11 percent sequential increase, and indicating a strong revival of economic growth and a recovery of business from the impact of COVID-19, a report said on Friday. With 2,625 job postings, hiring trends grew 11 percent in July compared with 2,359 postings in June, the highest it has ever been, including the pre-COVID-19 timeline, according to the report by Naukri JobSpeak. The Indian job market has witnessed sequential growth for the second month in a row, with a 15 percent rise in June, after the pandemic-linked decline in April and May, it stated. The Naukri JobSpeak is a monthly index that calculates and records hiring activity based on the job listings on Naukri.com website month-on-month.

According to the report, as businesses continued to ride the wave of digitisation, the IT-software or software services sector maintained its growth momentum with an 18 percent increase in July compared to June. Almost all sectors registered positive growth in July contributing to the 11 percent growth in hiring activity, bringing cheer to job seekers, said the report. Sectors that were severely hit by the movement restrictions during the pandemic continued to show growth in hiring for the second month in a row, including hotels, restaurants, airlines and travel (36 percent) as well as retail (17 percent). Accounting and taxation with 27 percent, FMCG (17 percent), banking and financial services (13 percent) and education and teaching (8 percent) also saw positive sequential upswing in hiring activity during the same period.Among the smaller cities, Coimbatore with 24 percent and Jaipur with 11 percent clocked positive growth, while Ahmedabad was the only city to record negative numbers of 3 percent in July.

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