In the month of June, the hiring activities have been faster than May. The hiring activities have increased in the month of June due to relaxation in the lockdown applicable to prevent the spread of coronavirus infection. However, on an annual basis, the hiring activities are still disappointing. This information has been given in a report on Wednesday. The June month Jobspeak index has been at 1,208 with an improvement of 33% over the previous month. In the month of May, it was at 910. However, there is still a decline of 44% in hiring activities on an annual basis. Jobspeak is a monthly index that calculates hiring activities based on jobs listed on job dot com.
According to the report, the lockdown imposed to prevent coronavirus infection from spreading had a huge impact on hiring in the hospitality, retail, and auto sector. Now, after relaxation in lockdown, hiring activities have improved in these sectors. "With the government implementing Unlock 1.0 in June, we have been re-operating in these sectors," the report added. The hospitality sector's hiring activities in the month of June have been 107% faster on a monthly basis. In the retail and auto sector, each has increased by 77%.'
"It is encouraging that the announcement of Unlock 1.0 in India has resulted in a spurt in hiring activities on a monthly basis," said Pawan Goel, chief business officer, Job.com. Goyal further said, "However, on a yearly basis, the hiring activities are still affected, and 44% decline. At the same time, there has been significant growth in hiring in key industries like IT, BPO / ITES, FMCG, and accounting in June compared to the last two months. He further said, "We hope that there will be a sharp jump in hiring activities in the coming months." The report said that on a monthly basis in June, 49 percent of the functional roles of education/teaching in hiring, 36 percent in pharma/biotech, and 33 percent in sales/business development have been seen.
Image credit: businessday