Mumbai: Hiring activity expanded by 43 per cent yr-on-yr in October pushed by sturdy demand for know-how professionals, in accordance with a report. According to the Naukri JobSpeak report, with 2,523 job listings in October 2021, there was a 43 per cent yr-on-yr (Y-O-Y) progress. However, sequentially there was eight.35 per cent decline as the full variety of job listings was 2,753 on the portal in the earlier month.
The Naukri JobSpeak is a month-to-month Index that calculates and information hiring activity primarily based on the job listings on Naukri.com web site month on month.
The report additional acknowledged that demand for tech professionals continued to soar because the sector witnessed a big 85 per cent Y-O-Y progress in October.
The upcoming launch of 5G and associated providers coupled with the federal government’s product linked incentive scheme (PLI) and the latest aid bundle for gamers in the sector has boosted employment alternatives in the Telecom/ISP sector that grew in October, it noticed.
Hiring activity has additionally picked up in sectors like Retail (51 per cent) and Hospitality/Travel (48 per cent) with the continued vacation season, opening up of main offline retailers and peak sale season for e-commerce retailers.
Other sectors like Education/Teaching (41 per cent) and Banking/Financial Services (39 per cent) additionally skilled progress as in comparison with October 2020.
Growth of the IT-software program/software program providers sector has enabled metro cities to outperform their tier II counterparts in the annual progress charts.
The common Y-O-Y progress recorded in metro cities was 59 per cent whereas non-metros grew at a slower tempo of 30 per cent.
Bengaluru (84 per cent), Hyderabad (80 per cent), Pune (69 per cent) and Chennai (57 per cent) recorded the very best Y-O-Y progress in October 2021.
“Overall hiring activity in India once again surpassed pre-pandemic levels in October 2021. Sectors like Hospitality/Travel and Retail, which were most impacted during the peak pandemic, have outperformed other major sectors bringing cheer to job seekers across the country,” Naukri.com Chief Business Officer Pawan Goyal added.
