Indian Hiring Up By 35% From April To June As Competition Rises, Says Report

LinkedIn recently shared the changes the labour markets in India went through, with its ¡®Labour Market Update¡¯, telling us about hiring trends and insights based on LinkedIn¡¯s economic graph and the results are rather promising.

Monit KhannaUpdated: Aug 18, 2020, 11:03 IST
3 min read
jobs in india

Yes, the COVID-19 pandemic truly shook the world and the lives of the people in it. While most of us were already struggling, trying to stay safe and not contract the novel coronavirus, we also experienced another grave struggle -- our careers.

Most of us got massive salary cuts while many were laid off at a time when getting a job was impossible.

jobs in india Reuters

However, once easements started to come in and areas started unlocking, companies once again started to look for employees. LinkedIn recently shared the changes the labour markets in India went through, with its ¡®Labour market Update¡¯, telling us about hiring trends and insights based on LinkedIn¡¯s economic graph and the results are rather promising.

Hiring increased by 35 percent between April-June

While April saw a massive drop in hirings across the country -- a 50 percent decline year on year, to be exact, as June rolled in, the numbers were a bit more positive. As per the report, the hiring sentiment stands at -15 percent year on year as of June, which means there has been an increase in hiring by 35 percent. The number is still low since fears of the second wave of the pandemic loom, while several areas are still completely locked down.

Drop in gender gap

The report also highlights that the hiring gap between male and females has reduced from 40 percent to 30 percent in June. However, this trend was observed in all sectors except for manufacturing, finance and software development/ IT.

Spike in competition

With so many people laid off, or not being offered better remuneration (salary cuts/perk cuts etc), many people are looking to shift from their jobs and this has given rise to a massive spike in competition in the job market. Competition has doubled compared to 6 months ago, with the average number of applications per job posted on LinkedIn increasing from around 90 in Jan 2020, to 180 in June 2020.

jobs in india Reuters

People from affected industries to look at other sectors

With the pandemic shutting down the whole nation, travel, tourism, food, real estate were a few of several sectors that saw the most impact with major layoffs/ pay cuts happening. The report highlights that people from the affected sectors (like Recreation & Travel) are 6.8 times more likely to look for jobs in a different sector, compared to pre-COVID times. Moreover. People from the retail sector are 2.4 times more likely to apply for a job in a different sector.

In demand jobs and skills

As the dust settles, the report also highlights the roles that are currently in demand right now that will also remain relevant in near future. The jobs in this list include Software engineer, Business development manager, Sales Manager, Business analyst and Content writer. In skills, Javascript, SQL, Sales management, Team leadership and Recruiting are the ones in most demand.

22/11/2024 6:20:51
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