Mumbai: The recruitment activity in the country touched all time in July, witnessed a sequential increase of 11 percent, showing the revival of strong economic growth and business recovery from the impact of Covid-19, a report said on Friday.
With 2,625 job posting, the recruitment trend grew 11 percent in July compared to 2,359 posts in June, the highest ever, including the Pre-Covid-19 timeline, according to the Naukri Jobspeak report.
The Indian job market has witnessed sequential growth for the second consecutive month, with a 15 percent increase in June, after a decrease in pandemic in April and May, which was stated.
Naukri Jobspeak is a monthly index that counts and records recruitment activities based on the list of jobs on the Naukri.com month-to-month website.
According to the report, because business continues to ride a wave of digitization, the IT-Software or Software sector maintains its growth momentum with an increase of 18 percent in July compared to June.
Almost all sectors register positive growth in July which contributed to 11 percent growth in recruitment activities, bringing a pattern for job seekers, the report said.
The sectors that were devastated by limiting movements during the pandemic continued to show recruitment growth for the second month in a row, including hotels, restaurants, airlines and travel (36 percent) and retail (17 percent).
Accounting and Taxation with 27 percent, FMCG (17 percent), banking and financial services (13 percent) and education and teaching (8 percent) also see positive sequential upswing in recruitment activities during the same period.
The pharmaceutical research sector, biotech and clinical views a five percent marginal decline in work, while the media sector, dotcom and entertainment fell 15 percent in July.
Naukri.com Business Officer Pawan Goyal said, “July has provided conclusive evidence about the rise of recruitment activities in the country, after setbacks in April and May.
Not only increased by 11 percent in July, but the JOBSAKAK Naukri index had reached the highest all time at This month, even beyond the pre-covid-19 level.
“He added that the most important and consistent growth over the past few months included in Information Technology (IT) and sectors that support IT and functional areas of technology, which remains relatively insular with Pandemic effect.
This shows that Indian business digital transformation is underway and the center of recovery efforts after a pandemic, he said.
Meanwhile, further reports showed that because there was the increasing importance of digital business transformation, it produced a two-digit growth in hiring during July compared to June in prominent IT hubs such as Bengaluru (17 percent), Hyderabad (16 percent)) and Pune ( 13 percent).
Indian Megacitas, Delhi / NCR (13 percent) and Mumbai (10 percent), also maintained the same growth, while recruiting in Chennai and Kolkata each grew 10 percent and 4 percent respectively.
Among the small cities, Coimbatore with 24 percent and Jaipur with 11 percent positive growth, while Ahmedabad was the only city to record a negative number of 3 percent in July.
The report found that while the role of TI-Software enjoyed high demand and grew 16 percent in July compared to the previous month, most of the functional fields continued to recover and establish positive growth shown in June.
Sectors such as hospitality with 44 percent and traveling with a growth of 42 percent bouncing back in July and sales / business development (15 percent), HR / Administration (11 percent) and account / finance (10 percent) also sees sequentially rose in activities Recruitment in the past month.
The Naukri Jobspeak Index for July reported growth of 9 percent and 4 percent in banking and insurance and the role of teaching and education.
Hiring in marketing, advertising, MR and PR (4 percent) domains also increase, while Pharma and the role of biotech shows a three percent marginal degree in July compared to June, he added.