With lockdown-like restrictions in many states due to the second wave of Covid-19 pandemic, hiring activity declined by 15 per cent sequentially in April, according to a report
Retail sector, which was severely impacted by the first wave of pandemic, has seen robust revival in hiring that saw an uptick of more than 15 per cent in March
The report indicates that job postings in some industries have improved, with some doing even better than the pre-Covid levels when compared to January 2020
The improvement was mainly led by insurance, auto and ancillary sectors, according to a report
Retail segment, which has been badly hit due to lockdown, is bouncing back gradually with an uptick in hiring of 15 per cent in September when compared with the previous month, according to a report
With life returning to normalcy gradually, hiring activities grew 24 per cent in Sept as compared to the previous month mostly driven by pharmaceuticals and education sectors, according to a report
The lockdown has spurred firms to onboard new hires virtually, report Sai Ishwar and Bibhu Ranjan Mishra
Hiring activity in the country is likely to be get a boost this year in key sectors such as manufacturing, technology, renewable energy, among others, due to robust economic growth, said a report. Bolstered by the economic growth observed in 2017, talent acquisition witnessed an uptick across several sectors, according to recruitment firm Michael Page India. "With the Indian government constantly pushing reforms to receive economic growth through proactive measures, we are anticipating these optimistic trends to continue across the key sectors," its managing director Nicolas Dumoulin said. The report, Employment Outlook 2018, has compiled employment figures from its database in the last 12 months. The government has is set to upgrade industries such as manufacturing, infrastructure, logistics & warehousing, technology and renewable energy, and the report anticipates large-to-steady hiring activities within these spaces in 2018. The government projects have drawn the ..
Suresh further said that non-IT sectors like BFSI, auto, engineering and industrial products continue to sustain the momentum
Online recruitment activity registered a 12 per cent year-on-year growth in January, led by production and manufacturing sectors as also the outlook for next few months looks positive, says a report. The Monster Employment Index India for January stood at 284, up 12 per cent compared to the same month last year, while on a month-on-month basis there was a 2 per cent fall. "It is interesting to note that production and manufacturing sector is on the revival mode, a much-needed impetus in order to create more jobs and solidify the backbone of our economy," said Sanjay Modi, Managing Director, Monster.com, APAC & Middle-East. Modi further noted that online recruitment activity in banking/financial services and insurance sectors registered a surge in January. "This can be attributed to the conducive investment climate, digital growth and increased savings in the formal financial sector," he said. Going forward, the job market looks positive and hopefully, hiring should .
According to the report, major cities saw growth in jobs in the month
Key industries like auto, construction & engineering and BFSI witnessed growth in recruitment activity
The domestic broking sector had significantly reduced its personnel after the global financial crisis hit in 2008. It has resumed hiring since 2015 to cater to a surge in clients, especially of high net worth individuals.However, despite the surge in the market, hiring has been much more restrained than in the heydays of 2006-07, with staffer addition at 10-15 per cent of that in 2007. Large domestic brokers are focusing on the online space, where the personnel required is much lower than in the offline one. The focus now is on upgrading of technology and moving toward automation. The traditional way of selling financial products, through 'cold calls' or sitting face to face with the customer, is declining. Trades are now mostly done online or through mobile phone applications, offering both convenience and privacy. "Our product team has changed from a brick and mortar one to a tech-driven one. Most of our product team comprises IT (information technology) engineers," said B ...
The Naukri JobSpeak index for February stood at 1,960