Hiring activity recovers by 14% in India in December 2020, says report
Jan 7, 2021, 12:32 IST
New Delhi, Hiring activity in India saw a 14% jump in December as compared to the previous month, signalling a clear recovery of the job market in the post-Covid months, a new report said on Thursday.
The overall hiring at year-on-year level showed a decline of only 10% in December, according to Naukri.com 'JobSpeak' report.
The hiring in the insurance sector grew by more that 45% in December, as Indians felt the need for securing their health and businesses in the post-Covid era.
The auto and ancillary sector (33 per cent) 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 hiring.
"Key sectors like hospitality, travel, auto and retail are still bouncing back, and the sequential numbers reassure us of robust recoveries in 2021," said Pawan Goyal, Chief Business Officer, Naukri.com.
"As we look forward to a brighter year ahead, the overall hiring sets in the right direction for the closing month."
Within metros, Pune and Delhi led the sequential recovery at more than 18% and 16% increase in hiring, respectively, followed by Kolkata (+14%) and Mumbai (+10%).
Coimbatore saw the highest hiring growth of +30% among Tier-2 cities, followed by Ahmedabad at +20% and Jaipur at +15% in December.
In fact, hiring of professionals in the hotels/restaurants domain also saw an uptick of 13% sequentially, indicating the revival of the sector.
While Bengaluru (-1%), Pune (-2%), and Hyderabad (-5%) were less impacted given the growing demand for IT professionals in the virtually connected world, cities such as Mumbai (-25%) and Delhi (-18%) saw a decline in hiring activity in December as compared to the same month last year.
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The overall hiring at year-on-year level showed a decline of only 10% in December, according to Naukri.com 'JobSpeak' report.
The hiring in the insurance sector grew by more that 45% in December, as Indians felt the need for securing their health and businesses in the post-Covid era.
The auto and ancillary sector (33 per cent) 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 hiring.
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"As we look forward to a brighter year ahead, the overall hiring sets in the right direction for the closing month."
Within metros, Pune and Delhi led the sequential recovery at more than 18% and 16% increase in hiring, respectively, followed by Kolkata (+14%) and Mumbai (+10%).
Coimbatore saw the highest hiring growth of +30% among Tier-2 cities, followed by Ahmedabad at +20% and Jaipur at +15% in December.
In fact, hiring of professionals in the hotels/restaurants domain also saw an uptick of 13% sequentially, indicating the revival of the sector.
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Hiring activity in the month of December declined by 10% vs the last year, the findings showed.While Bengaluru (-1%), Pune (-2%), and Hyderabad (-5%) were less impacted given the growing demand for IT professionals in the virtually connected world, cities such as Mumbai (-25%) and Delhi (-18%) saw a decline in hiring activity in December as compared to the same month last year.
SEE ALSO:
Top stocks to watch — TCS, RIL, Maruti, Airtel, Godrej Properties, Oberoi Realty, Sobha, and others
From Scrambler and Multistrada to Monster and SuperSport — Ducati is launching 12 new bikes in India, check the launch dates here
Petrol price is now past ₹84 in Delhi, over 62% of it is taxes