Bengaluru: The Naukri JobSpeak Index for April 2020, at 951, marks a decline of 62% in hiring activity as compared to the same period last year at 2,477, led by the nation-wide lockdown due to the Covid-19 crisis.
The decline in hiring is led by industries like hotel/restaurant/travel/airlines (-91%), auto/ancillary (-82%), retail (-77%) and accounting/finance (-70%). The job market across cities registered a double-digit dip in hiring. The decline was led by metros wherein Delhi declined by 70% followed by Chennai (-62%), Kolkata (-60%) and Mumbai (-60%).
There was an across the board decline in hiring at varied experience levels with the entry-level experience bands (0 to 3 yrs experience) witnessing the sharpest decline of 67%.
“The disruption caused by the Covid-19 pandemic continues to impact the hiring activity leading to a 62% decline in April 2020. While hotel/restaurant/travel/airlines have been significantly impacted, industries like IT-software/software services, pharma/biotech/clinical research and insurance have been less impacted,” said Pawan Goyal, chief business officer, Naukri.com.
To help jobseekers and recruiters facilitate career progression and hiring in these tough and uncertain times, Naukri has recently launched the Step-Up initiative, he said.
“For recruiters, in critical industries like medical, healthcare, pharma and telecom, our very first offering is a free bouquet of hiring services. On the jobseeker front, we are prioritising access and discovery of recently ‘laid off and immediately available to join’ jobseekers to the recruiters. There is also a complete guide on career progression during these tough times with upskilling courses, hiring insights, CV assessment tools etc,” Goyal said.
However, hiring activity in pharma/biotech/clinical research (-54%), IT-software/software services (-49%) and insurance (-42%) was less impacted as compared to other industries in April 2020.
Hiring across experience levels was also impacted in April this year. The hiring for entry-level executives (0-3 years of experience) and senior-level executives (4-7 years of experience) saw a dip of 67% and 62% respectively. The middle management roles (8-12 years of experience) declined by 55%, senior management roles (13-16 years of experience) declined by 53% and leadership roles (16+ years of experience) declined by 50%.
The Naukri JobSpeak is a monthly Index which calculates and records hiring activity based on the job listings on Naukri.com website month on month. The objective is to measure the hiring activities in various industries, cities, functional areas and experience levels. The data is compiled from the website wherein jobs posted by clients on Naukri.com are considered.
Source : TOI