There is uniform revival of the job market as a double-digit growth is visible in hiring activity in almost all regions after near negative growth last month.
The hiring activity is on a recovery path after Covid-19 second wave and has grown 15% in June 2021, as per the Naukri job report for June 2021. This is an indication of resilience and recovery of hiring activity across the country, especially after the nosedive primarily due to the pandemic.
Jobs in the IT sector and IT functional areas are at an all-time high — up by 52% since June 2019. Tech hiring has remained relatively insular to the effects of the pandemic, an impact of rapid digitization of Indian organisations.
There has been a substantial recovery of hiring activity in Hotels/Restaurants/Airlines/Travel (+87%) and Retail (+57%) sectors in June’21 vs May’21, thanks to the relaxation of pandemic-related restrictions on movement.
The month witnessed improvement in hiring across several key industries as well as functional areas. This is an indication of resilience and recovery of hiring activity across the country
Sectors such as Insurance (+38%), Banking/Financial Services (+29%) and Pharma/Biotech (+22%) have also shown recovery from their recent slump.
Other sectors like FMCG (+22%), Education/Teaching (+15%) and BPO/ITES (+14%) saw positive sequential upswing in June’21 vs May’21.
There is uniform revival of the job market as a double-digit growth is visible in hiring activity in almost all regions after near negative growth last month.
Pune (+10%), Hyderabad (+10%) and Bangalore (+4%) maintained their recent uptrend as they continue to fulfill the demand for skilled personnel in the IT sector.
Other metro cities like Delhi/NCR and Kolkata, which were negatively impacted in May ‘21, have recorded a 26% and 24% growth respectively.
Among the tier-II cities, Jaipur (+50%) and Vadodara (+29%) were the best performers, providing further hope to aspirational job seekers in these areas.
The Naukri JobSpeak index reports a 4% increase in demand for tech professionals as IT companies continue to bulk-hire talented professionals in 2021.
Hiring for Teaching roles (+9%) also saw growth in June’21 vs May’21.
The Naukri JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on Naukri.com website month on month.