Job Revivals: Rapid growth in hiring of corporate companies, jobs have started increasing in many industries of service sector including IT, retail

Job Revivals: Rapid growth in hiring of corporate companies, jobs have started increasing in many industries of service sector including IT, retail

New jobs have increased in IT, IT services and retail sectors.

Hiring Activity increases : The situation of corporate sector jobs in the country is improving. White collar jobs are showing momentum. In July these jobs have registered an increase of 11 percent, although it is less than June. In June, the pace of new jobs increased by 15 percent. According to NaukriJob speak, this is a very fast growth in June and July after the decline in the job market in April and May due to COVID-19. According to the job portal, its index of hiring trends has touched the figure of 2625 this month, which is the highest level ever.

Most Jobs in IT and IT Services

Jobs in June and July have increased mainly due to the accelerating pace of digitization of operations of companies. Pawan Goyal, Chief Business Officer, Naukri.com, says that IT/ITES saw the fastest growth and continuity of jobs. According to Xpheno, 2.90 lakh white collar new jobs were created in July. In terms of recruitment, July was stronger than June. The number of recruitments was much more than last year i.e. July 2020. There were 1.42 lakh recruitments in July 2020 while 1.32 lakh were recruited in June.

This specialist staffing company based in Bengaluru says that the number of active jobs has increased by 105 percent compared to last year. At present, the number of active jobs in IT, ITeS sector has increased to 2.9 lakhs. This number was 2.5 lakh in May and 2.7 lakh in June.

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Recruitment fast in Hotel, Restaurant, Travel and Airlines Industry

According to Naukri.com, there has been a 36 percent growth in recruitment in hotels, restaurants, travel and airlines in July. At the same time, there has been an increase of 17 percent in the recruitment of retail sector in July as compared to June. There has been an increase of 27 per cent in accounting and taxation, 17 in FMCG, 13 in banking/financial services and 8 per cent in education-teaching sector. There has been a decline of 5 percent in the recruitment of Pharma, Biotech and Clinical Research Services compared to June.

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