Hiring is slowly improving in IT, ITeS, pharmaceuticals, ed-tech and e-commerce

A report by Naukri.com reveals that after a lull during the pandemic, the job market is showing signs of positive activity

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Hiring increases in pharmaceuticals, healthcare, e-comerce, ed-tech, as well as the information technology (IT) and information technology-enabled services (ITeS). The Naukri JobSpeak Index report reveals a 24 per cent increase in hiring as compared to August.

Last month, that is September 2020, hiring in the metropolitan cities continued to go down, beyond the national average (30 percent vs 23 per cent), with Mumbai , Delhi and Bengaluru showing negative figures (-35, -33 and -33 per cent, respectively), whereas for tier-2 cities, such as Jaipur (13 per cent) and Chandigarh (11 per cent) the figures had turned positive.

The worst hit were entry-level jobs, with 29 per cent decline, while in the leadership roles (over 16 years of experience bracket), the impact was merely 15 per cent in September this year, as compared to last year.

With things looking up now, Pune has shown the maximum increase in hiring, with Hyderabad coming in second, followed by Chennai and Bengaluru. These cities had earlier stalled hiring during the pandemic, but are now showing increase, that too in double digits. Hiring is picking up in Ahmedabad, Chandigarh, Jaipur and other tier-2 cities as well.

There has been an improvement in the past few months, from a 35 to 60 per cent dip.

Not surprisingly, businesses that are selling goods and services digitally are continuing to grow, due to the social distancing norms and pandemic-related restrictions in place. More temporary, contractual or project-based are available now, with organisations become cautious about manpower expenses and seeking flexibility.

Hiring is expected to pick up in the travel, medical, insurance, healthcare, and financial services space too.

The expectations from candidates has also changed, with employers seeking candidates who have multiple skill sets and area capable of switching between roles seamlessly without impacting their productivity.

The manner of interviewing and onboarding candidates has also undergone change, with increased use of digital tools and video conferencing.

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