Hiring Activity recovers significantly by 24% MoM in Sept: Report

Hiring Activity recovers significantly by 24% MoM in Sept: Report

The hiring activity has improved significantly by 24 per cent in September 2020, as compared to August 2020, according to the Naukri JobSpeak Index.


Industries such as Pharma (+44 per cent), FMCG (+43 per cent), Education/Teaching (+41 per cent) and IT (+32per cent), propelled the M-O-M growth.


Further opening up of the economy with unlock measures and increased mobility has led to an improvement in hiring activities in sectors including Real Estate (+44 per cent), Auto/Ancillary (+29 per cent) and Hospitality/Travel (+48 per cent).


On the other hand, key industries like BPO/ITES (+29 per cent) and Banking/Financial services (+33 per cent) continue to post robust growth sequentially.


The report also shed a light on city-wise outlook. Metros which were reeling under various lockdown measures earlier have witnessed a strong double-digit growth in the month of September against August with Pune (+26 per cent) leading the pack followed by Hyderabad and Chennai (+24 per cent). While Bengaluru  is lagging with a 14 per cent growth. 


Pawan Goyal, Chief Business Officer, said, “Businesses that are leveraging digital channels for dissemination & consumption of goods and services are thriving and will continue to do so as we imbibe social distancing norms in our daily lives. With increased mobility and focus on health, we are hopeful that hiring activity will further improve in sectors like Travel, Hospitality, Medical/ Healthcare, Insurance and Financial services.”


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