In the month of March, across India, the hiring has been reduced by 18%. The most affected sectors are travel, airlines, hospitality, and retail industries which saw a decrease of 56% in offering new jobs. The job portal Naukri has compared this data with the previous year’s data and announced these results.
50% decline in hiring in the retail sector, followed by 38% in auto/ancillary, 28% in pharma, 11% in insurance, 10% in accounting/finance, 9% in IT and BFSI. This is according to the ‘Naukri job speak index’. The first 20 days of March have seen just a 5% decrease in hiring. Due to the lockdown, the overall hiring decrease has been increased up to 18%.
The hiring activity has seen a little rise in January which is around 5.75%. There is no increase in February and March has seen a decline.
This decline is observed the most in metro cities. In Delhi, it is 26%, 24% in Chennai and 18% in Hyderabad. The pharma industry in Delhi has seen a massive dip of 66%.
The demand in these sectors has grown higher with 63% in hospitality, 28% in banking, 23% in accounting, and 22% in IT&Hardware. Overall the decline among all the experience levels has been observed. The most affected experience level group is people with over 13 years of experience. They have seen a decline of 29%, while 0-7 years experience group has seen a decline of 16%.
However, the white-collar industries such as IT, BPO/ITES, BFSI, etc have seen a lesser decrease in hiring during these tough times. New recruitments in restaurants, travel, marketing have seen a decline of 51%, 48%, 33% respectively.
Naukri spokesperson has said that this is a crucial time for all the learners to update their skillset and make great use of this situation.