Global Economy

Hiring activity recovers by 14% in December’20 vs November’20: Naukri JobSpeak

The Naukri JobSpeak Index for Dec’20, at 1,972, witnessed an increase of 14% in hiring activity as compared to Nov’20, at 1,727. Also, at a Y-O-Y level, the overall hiring shows a decline of only 10% in Dec’20. This signals a clear recovery of the job market as the index registers the lowest Y-O-Y decline in the post-COVID months.

The hiring in the Insurance sector grew by +45% in Dec’20 Vs Nov’20 as Indians felt the need for securing their health and businesses in the post-COVID era. The Auto & Ancillary sector (+33%) continued to register growth in sequential hiring with increased consumer demand during the year-end period. Other key sectors such as BFSI (+18%), Pharma/Biotech (+28%), FMCG (+21%) and IT-Software (+11%) too have shown positive growth in M-O-M hiring in Dec’20.

Within metros, Pune and Delhi led the sequential recovery at a +18% and +16% increase in hiring followed by Kolkata (+14%) and Mumbai (+10%). Coimbatore saw the highest hiring growth of +30% amongst Tier-2 cities followed by Ahmedabad at +20% and Jaipur at +15% in Dec’20 versus Nov’20.

Even heavily affected roles such as Ticketing/Travel saw a sequential uptick of +46% in Dec’20. In fact, hiring of professionals in the Hotels/Restaurants domain also saw an uptick of 13% sequentially indicating the revival of the sector in the post-COVID world. The demand for professionals in Teaching/Education and HR/Administration/IR roles saw an incline of +27% and +22%, respectively in Dec’20 vs last month. The 8-12 yrs & 13-16 yrs experience band saw the maximum increase in hiring by 18% and 17% respectively in Dec’20 versus Nov’20.

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Pawan Goyal, Chief Business Officer, said in a statement: “2020 was a year of challenges and hiring across key industries bore the brunt of the pandemic. While hiring in AMJ’20 was down by 56% compared to last year, subsequent quarters showed a steady recovery. Y-O-Y hiring in OND’20 is down by only 18%. This improvement is led by sectors such as IT, BPO/ITES, Medical and Pharma. Key sectors like Hospitality, Travel, Auto and Retail are still bouncing back, and the sequential numbers reassure us of robust recoveries in 2021.”


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