Hiring in India is picking up but may take 12-18 months to touch the pre-covid level: experts

As per the latest Naukri JobSpeak report, the job site witnessed a 5% improvement in recruitment activities in July’20 as compared to June 20’. It said key sectors like FMCG, Pharma/Biotech, IT-Hardware, and Medical/Healthcare are least impacted in hiring.

Dr. Pawan Goyal, Chief Business Officer, Naukri.com, said, “While the job market across cities has registered a double-digit dip in Y-O-Y hiring in July’20, we see Tier -2 cities like Jaipur, Chandigarh, Cochin and Vadodara being least impacted. Top metros such as Delhi, Chennai and Mumbai have also seen green shoots in hiring sequentially in July’20 as compared to June’20.”

Also, job portal Indeed’s data shows the number of job postings in India has increased across all industries, while Engineering and Healthcare have shown the best recovery so far.

Speaking on the same, Sashi Kumar, Managing Director, Indeed India, said, “The trend in job postings in India — a real-time measure of labour market activity in August-end was 38% lower than in 2019, compared to 42% slower than in 2019 in July 2020. Postings are still lower as compared with 2019 but it is catching up.”

Indeed indicates that job searches for remote work in India have increased by over 442%, between the beginning February 2020 and July 2020, higher than any country in the world.