New Delhi: Recruitment activities in India have made a steady recovery and the recruitment rate in July this year is around 65 percent above the pre-covid level, said a report.
According to LinkedIn India – Labor Market Update (July 2021), there was a deep recruitment in April 2021, according to the second wave of Covid-19 cases in India.
Since then, it has recovered firmly.
Compared to the pre-covid level in 2019, the recruitment rate was 35 percent higher at the end of May 2021, 42 percent higher at the end of June 2021, and now 65 percent higher at the end of July 2021, it was said.
The recruitment rate is the size of the employee divided by LinkedIn membership.
This analysis sees a change in the recruitment rate between the same month and the same month in 2019.
“As a large sector like that, manufacturing, and hardware began to increase recruitment after a year of hiring freezes, we hope to hire will continue to grow,” said the report.
He said recruitment had been on a stable recovery, mostly driven by people who switched jobs rather than newcomers into labor.
“Our data shows that many of the new labor market activities are driven by people who switch jobs and ‘reshuffles’ around, rather than newcomers into the workforce,” he said.
When the economy continues to reopen and recover, attention shifts to opportunities in new and new work emerging and their role in the labor market.
The majority of the transition into the work that appears comes from a role that does not arise, the report said, added that among the transitions into data and the Cloud Profession, 54 percent and 57 percent of each shift from the roles that did not appear.
There was a big decline in people who switched work when Covid hit the country, with the share of members who changed the work of nearly 48 percent in April 2020, compared to the same period last year, indicating that people “take refuge in work” so far pandemic.
It has been on recovery since then, and reached 61 percent more work transitions in March 2021, compared to the same period in 2019.
It has been stable for the past four months, and in July 2021, the share of Indian members changed jobs nearly 59 percent more Height of the same period at pre-covid time, the report said.