Hiring has hit recovery mode after the Covid-19 second wave, according to the Naukri JobSpeak report. Jobs in IT are up by 52% from pre-Covid levels of June 2019 and 5% sequentially, which is an all-time high for the sector. YoY, hiring in the IT-software sector grew 163% in June. This comes after hiring activity went into a nosedive of 15% in April. Covid-hit-sectors like retail, hospitality and travel also showed growth during the month.
Hiring declined by 15% in April, as Naukri Jobspeak Index fell to 2,072 from 2,436 a month earlier, amid a rising second wave of the pandemic. The numbers are still better than April 2020 that saw a 51% drop. This can be due to the lack of a strict nationwide lockdown and the economy remaining open. Insurance (-5%), pharma (-9%), healthcare (-10%) has had a less impact on hiring. While IT (-12%), FMCG (-15%), telecom (-15%) declined in line with the overall trend.
Hiring is set to back as most organisations have lifted the freeze on recruitment, according to Naukri.com. The job portal said that only 11% of the recruiters said that hiring was on hold in their organisation. 35 % said that hiring was happening as usual while 21 % said it will resume in 3 months, 26 % predicted 3-6 months, and 34 % said it would take their company 6 months to 1 year to start hiring like in pre-Covid level. The survey was rolled-out to 1,300 recruiters.