Connect with us

Hi, what are you looking for?

[t4b-ticker]
Home » Business » India’s Recruitment Rate Around 42 Per Cent Above Pre-Covid Levels: LinkedIn Report

Business

India’s Recruitment Rate Around 42 Per Cent Above Pre-Covid Levels: LinkedIn Report

Hiring rate was 35 per cent higher at the end of May 2021, and 42 per cent higher at the end of June 2021.

Hiring has reached the Pre-Covid levels in India, says LinkedIn report on August 3, 2021. (Source: Pixabay)

New Delhi: India’s recruitment activity has been recovering steadily as the hiring rate in June 2021 was around 42 per cent above the pre-pandemic levels in 2019, says a report.

According to LinkedIn India’s Labour Market Update for June 2021, there was a deepening hiring dip in April 2021, corresponding to a second wave of Covid-19 cases in India. Since then, it has been recovering steadily, compared to the pre-COVID levels in 2019.

Hiring rate was 35 per cent higher at the end of May 2021, and 42 per cent higher at the end of June 2021.

Hiring rate is a measure of hires divided by LinkedIn membership. This analysis looks at the changes in hiring rate between this month and the same month in 2019.

The uptick is possibly due to a release of pent up hiring, as companies took a more cautious stance towards hiring in 2020, the report said.

The report further noted that competition for jobs was lower compared to 12 months ago, but applicants are applying more aggressively.

READ ALSO: Domestic IT Sector to Cut Three Million Jobs Due to Automation By 2022, Says Report

“Last year, we saw the applications per job double in the middle of 2020, during the height of global lockdowns. Right now, it is going in the opposite direction – average applications per job is 0.6x compared to the same month last year. Meanwhile, the applications per applicant has been slowly increasing and has reached 1.2x compared to last year,” it said.

Taken together, this suggests that the supply of jobs has increased in the market, and also that workers are more actively seeking jobs. “In this environment, professionals who upskill will likely to have a wider spectrum of jobs available to them,” it said.

READ ALSO: Covid-19 Second Wave Hits Jobs Hard| EXPLAINED

Advertisement. Scroll to continue reading.

Moreover, relative to their peers, young workers with hardware and software skills are more in-demand.

“Our data shows that between January 2018 to June 2021, the share of Gen Zs entering the workforce has increased by over 4.2 times.

“And when we take a closer look at the different levels of digital skills, we find that relative to others in their age group who only have basic or applied digital skills, Gen Z who have either software/hardware skills or disruptive digital skills are between 1.3 to 1.5 times more likely to be hired,” the report noted.

Generation Z is the youngest cohort in the workforce of 18 to 24-year-olds.

Read Full Article

Spotlight

Entertainment

For the unversed, if Idris lands the part he will become the seventh actor to play Bond as part of the franchise - following...

Videos

India celebrated the 125th birth anniversary of Netaji Subhash Chandra Bose today. On this occasion, PM Narendra Modi unveiled a hologram statue of the...

Videos

Thounaojam Niranjoy Singh has created a new Guinness World Record for most push-ups in a minute. The 24-year-old did 109 push-ups in a minute....

Lifestyle

A new study analyses how students learn when they double the speed of class videos.

India

The expedition will inspire and motivate women of all age groups to include fitness activities in their daily lives to stay healthy.

You May Also Like

India

The charges spell that Mustafa was booked for promoting enmity between different groups on grounds of religion, race and others.

Entertainment

On January 21, Meat Loaf's official Facebook page confirmed that the singer had passed away but did not reveal his cause of death. He...

India

The hologram statue will be powered by a 30,000 lumens 4K projector. An invisible, high gain, 90 per cent transparent holographic screen has been...

India

CM Mamata Banerjee requests Center to declare January 23 as National Holiday so that citizens can pay homage to great freedom fighter.

Advertisement