You are here: Home » Economy & Policy » News
Business Standard

Hiring activity in India on steady recovery: LinkedIn India report

Hiring activity in India has been on a steady recovery and the hiring rate in July this year was around 65 per cent above the pre-COVID level, a report said.

Topics
Hiring activity | hiring in India | Indian Economy

Press Trust of India  |  New Delhi 

hiring

in India has been on a steady recovery and the hiring rate in July this year was around 65 per cent above the pre-COVID level, a report said.

According to the LinkedIn India Labour Market Update (July 2021), there was a deepening hiring dip in April 2021, corresponding to the second wave of COVID-19 cases in India. Since then, it has been recovering steadily.

Compared to the pre-COVID levels in 2019, the hiring rate was 35 per cent higher at the end of May 2021, 42 per cent higher at the end of June 2021, and now 65 per cent higher at the end of July 2021, it said.

Hiring rate is a measure of hires divided by LinkedIn membership. This analysis looks at the changes in hiring rate between the month under review and the same month in 2019.

"As large sectors such as IT, manufacturing, and hardware begin to ramp up hiring after a year of hiring freezes, we are hopeful that hiring will continue to grow," the report said.

It said hiring has been on a steady recovery, largely driven by people switching rather than new entrants into the workforce.

"Our data shows that much of the recent labour market activity is being driven by people switching and reshuffling' around, rather than new entrants into the workforce," it said.

As the economy continues to reopen and recover, attention is shifting to opportunities in new and emerging and their role in the labour market.

The majority of transitions into emerging jobs are coming from non-emerging roles, the report said, adding that among the transitions into Data and Cloud professions, 54 per cent and 57 per cent of the shifts made were from non-emerging roles, respectively.

There was a huge drop in people switching jobs when COVID hit the country, with the share of members changing jobs falling nearly 48 per cent in April 2020, compared to the same period a year ago, indicating that people were "sheltering in job" during the pandemic.

This has been on a recovery since then, and reached 61 per cent more job transitions in March 2021, compared to the same period in 2019. It has stabilized over the past four months, and as of July 2021, the share of India members changing jobs is nearly 59 per cent higher than the same period in pre-COVID time, the report said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, September 02 2021. 17:41 IST
RECOMMENDED FOR YOU
.