Declination in Hiring in April 2020

Hii Readers , I am Sangam And On Weekends blogs I am Going to write something on Declination of Hiring in April 2020

Source : Naukri India

Naukri India is a brand of Info Edge and is the country’s largest online recruitment platform. The Naukri India JobSpeak Index April 2020 plummeted 62% to 951.

JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on the Naukri.com website month on month.

Among the different sectors, Naukri JobSpeak Index for April 2020 shows the decline in hiring is led by industries like hotel/ restaurant/ travel/ airlines (-91 percent); auto/ancillary (-82 percent); retail (-77 percent) and accounting/finance (-70 percent).

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%).

In other words, “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. However, Industries like IT-software/software services, pharma/biotech/clinical research, and insurance have been less impacted,” said Pawan Goyal, chief business officer, Naukri.com.

However, to help job seekers and recruiters facilitate career progression and hiring in these tough and uncertain times, Naukri has recently launched the Step-Up initiative, he said.

Due to COVID-19 and the lockdown, businesses like airlines, hospitality and travel, and hotel/restaurants which depend on customers have seen a decline in business. These entities are also making use of cost-cutting measures, one of which is slowing down fresh hiring.

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.

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