Much Lesser Impact Of The Second Wave Upon The Job Economy Versus Last Year: Pawan Goyal
A marginal increment of 1per cent in overall hiring activity has been recorded in May as against a decline of 14.95 per cent in April, according to a report. As per the data shown on the Naukri.com platform: Naukri JobSpeak Index, the job postings during May stood at 2,047 compared to 2,072 in April. Naukri JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on Naukri.com website.
"It is encouraging to see a much lesser impact of the second wave of the pandemic on the job economy versus last year. Even though the hiring activity declined by 15 per cent in April over March, we see hiring turning flat in May, signalling resilience and recovery," Naukri.com Chief Business Officer Pawan Goyal said.
According to the report, hiring activity in the education/teaching sector grew by 7 per cent sequentially in May after posting a continuous decline over the past few months. Sectors like banking/finance declined 15 per cent, FMCG (13 per cent) and BPO/ITES (10 per cent) in May compared to April, the report said.
Meanwhile, led by tech talent demand, major IT Hubs like Pune with a 12 per cent growth, Bangalore (9 per cent) and Hyderabad (4 per cent), saw an uptick in hiring activity in May compared to the previous month.
