Jobs in India: Hiring during April dips by 62% due to lockdown to curb COVID-19, says report

By: |
Published: May 6, 2020 5:08:02 PM

The April 2020 decline in hiring is led by sectors like hotel/restaurant/travel/airlines (-91 per cent), auto/ancillary (-82 per cent), retail (-77 per cent) and accounting/finance (-70 per cent).

Jobs in India, hiring in april, covid 19 cases, covid 19 pandemic, job vacancy, naukari job speak index, latest news on jobs New jobs for professionals in the ticketing/travel/airlines, hotel/restaurants and HR/administration sectors witnessed a dip of 95 per cent, 89 per cent and 78 per cent, respectively.

The nationwide lockdown due to the spread of COVID-19 pandemic has resulted in 62 per cent decline in hiring activities in April compared to the same month last year, according to a report. Hiring activities dropped to 951 last month from 2,477 in April 2019, according to the Naukri JobSpeak Index.

The April 2020 decline in hiring is led by sectors like hotel/restaurant/travel/airlines (-91 per cent), auto/ancillary (-82 per cent), retail (-77 per cent) and accounting/finance (-70 per cent).

The Naukri JobSpeak is a monthly Index which calculates and records hiring activity based on job listings on Naukri.com website.

Also read| Check latest updates on Coroanvirus here:

New jobs for professionals in the ticketing/travel/airlines, hotel/restaurants and HR/administration sectors witnessed a dip of 95 per cent, 89 per cent and 78 per cent, respectively.

Functional roles in purchase/supply chain (-70 per cent), marketing/advertising (-69 per cent), sales/business development (-69 per cent) and accounts/finance (-68 per cent) also witnessed a steep decline.

However, new jobs for professionals in the IT-software (-51 per cent), BPO/ITES/KPO (-54 per cent) pharma/biotech/healthcare (-57 per cent) and teaching/education (-56 per cent) sectors were less impacted as compared to other sectors in April 2020.

The job market across cities registered a double-digit dip in hiring mainly led by metros where Delhi dipped by 70 per cent followed by Chennai (-62 per cent), Kolkata (-60 per cent) and Mumbai (-60 per cent).

There was an across the board decline in hiring at varied experience levels with the entry-level experience bands (0 to 3 years) witnessing the sharpest decline of 67 per cent.

”The disruption caused by the COVID-19 pandemic continues to impact the hiring activities leading to a 62 per cent decline in April’ 2020.” While hotel/restaurant/travel/airlines have been significantly impacted, industries like IT-software/software services, pharma/biotech/clinical research and insurance have been less impacted,” Naukri.com Chief Business Officer Pawan Goyal added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Staff Selection Commission jobs update: Tentative dates for SSC CGL and SSC (10+2) released; check schedule
2Railway Recruitment 2020: Apply now for multiple posts in South Eastern Railway
3DRDO Recruitment 2020: Applications invited for 167 posts; Check details