E-recruitment declines 5% in July as employers prioritise need-based hiring

Regarding various industries, the IT-Software sector is at the forefront of promoting diversity, comprising 40% of the available employment opportunities, the report said

E-recruitment activities in the country witnessed a 5 per cent year-on-year decline in July, as employers are prioritising need-based hiring, a report said on Wednesday.

There was a 1 per cent dip in month-on-month hiring, while e-recruitment activities declined by 5 per cent in July compared to the year-ago period. The index dropped from 281 in July 2022 to 268 in July 2023, according to foundit's (formerly Monster APAC & ME) foundit Insights Tracker (fit).

This is mainly due to the current fluctuations experienced in the Indian job market as employers prioritise need-based hiring, responding to the evolving economic conditions and changing business requirements, it added.

 

Companies are increasingly conducting D&I (diversity and inclusion) and sensitisation training for their employees, reflecting a significant shift in how organisations are working towards creating inclusive and safe professional environments for diverse communities.

Regarding various industries, the IT-Software sector is at the forefront of promoting diversity, comprising 40 per cent of the available employment opportunities, the report said.

"Indian employers are responding to the prevailing economic conditions by implementing flexible hiring strategies, demonstrating their capability in navigating the complex balance between talent acquisition and the ever-changing business environment," foundit (previously Monster APAC & ME), a Quess company, CEO Sekhar Garisa said.