Mumbai: India’s white-collar labor market saw a robust recovery in May as hiring activity surged more than 40% year-over-year on the back of a recovery in key industrial sectors, especially the tourism and hospitality industry at the end of the summer holiday season. , according to the latest figures from job portal Naukri.com. According to Naukri.com’s JobSpeak Index, the industry saw more than a fourfold increase in hiring in May compared to the same period last year, when the second wave of the coronavirus pandemic severely impacted travel. “The surge in hiring activity remains stagnant as it was +40% year-on-year in May 22,” the report said Friday.Read also: Develop Curricula to Help Students Find Jobs: Bengal Minister in Educational Institutions
Travel and hospitality (+352% yoy), retail (+175%), real estate (+141%) and insurance (+126%) were the key sectors that led the growth. Banking and financial services (+104%), education (+86%), automotive (+69%), oil and gas (+69%), consumer goods (+51%) and information technology. The software/software services sectors (+7%) also saw higher hiring trends compared to last year. Also Read – ITBP Recruitment 2022: Register for 38 Sub Inspector Assistant Posts Starting June 08 | Read the details here
Naukri JobSpeak is a monthly index that calculates and records hiring activity based on job listings on its website on a monthly and annual basis. The data is compiled from jobs posted by over 76,000 clients and shows hiring trends across industries, geography, and experience levels. Read also: From mountains to beaches: 5 places to visit near Kolkata for a quick weekend getaway
According to the report, compared to the previous month, all key sectors showed stabilization and in May continued to support April’s figures.
The report notes that demand for talent in metropolitan areas and other cities remains solid as all cities reported double-digit annual hiring growth in May. Among metropolitan areas, Delhi (63%) posted the highest year-on-year growth, followed by Mumbai (+61%). Other cities such as Kolkata (+59%), Chennai (+35%), Pune (+27%) and Hyderabad (+23%) also showed positive growth.
Hiring sentiment was also “optimistic” across all Tier II cities, with Jaipur leading the way in demand for talent (+76%). Others such as Coimbatore (+64%), Vadodara (+49%), Cochin (+35%), Ahmedabad (+26%) and Chandigarh (+25%) posted double-digit growth.
Demand for talent at all experience levels has also been on the rise. Demand for entry-level talent (0-3 years) showed the sharpest increase of 61% in May compared to last year. Positive attitudes towards hiring were observed for other experience groups such as 4-7 years old (+37%), over 16 years old (+27%), 13-16 years old (+26%) and 8-12 years old (+22%) . . On a monthly basis, demand for all experience bands remained stable.