Hiring in India recovered by 18 per cent to climb 30 per cent (on-year) in September
New Delhi- Hiring in India recovered by 18 per cent to climb 30 per cent (on-year) in September, as businesses and companies continue to reopen, global professional services platform LinkedIn has said.
Earlier in the year, hiring declines reached a low of below -50 per cent year-on-year in April, before starting to slowly recover.
In late July, it crossed the 0 per cent mark and continued increasing, reaching 12 per cent in August and 30 per cent at the end of September.
“Competition for jobs is lower compared to several months ago, but still 30 per cent higher compared to a year ago,” the report mentioned.
However, after nearly doubling in the middle of 2020, the applications per job dropped down 1.3 times in August and stayed at a similar level in September.
Compared to pre-COVID, LinkedIn still sees that job seekers who are currently in the badly affected sectors (such as recreation and travel) are 4.2 times more likely to look for jobs in a different sector, compared to pre-COVID.
“But this stress has abated from June 2020, where the likelihood was as high as 6.8 times. Similarly, the stress for the Retail sector has reduced from 2.4 times to 1.1 times. There is not much change in the other sectors,” the company mentioned.
Recovery was also faster for disruptive digital talent, but in recent months, this gap has started to narrow from over 20 percentage points difference in April and May to 2 percentage points difference in September.
“This possibly reflects the recovery of non-tech sectors,” LinkedIn said.
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