October 20, 2020
1 min read

India’s hiring activity down by 30%

The hiring activity in India saw a 30 per cent decrease in the June quarter compared to the same period last year as the country saw a rise in contractual jobs, a new report said on Tuesday.

However, the June quarter witnessed a 13 per cent increase in the number of work-from-home jobs as compared to Q2 2019.

Furthermore, the demand for contract workforce increased by 11 per cent in Q2 from the same period last year, while the demand for full-time employees decreased by 13.8 per cent, according to data from SCIKEY talent commerce platform, a talent marketplace.

IT and IT Services sectors indicated recovery in contractual jobs in the June quarter.

“Cloud businesses and digital transformation is the need of the hour and one of the top most requirements for all industries to adapt to the new normal,” said Karunjit Kumar Dhir, Co-Founder SCIKEY.

“This will definitely have a positive impact on the hiring sentiments among techies who will now look for jobs in India especially due to the strain in H-1B visas”.

The pandemic has given rise to a huge number of contract workers for a plug and play model allowing companies to reduce their hiring costs.

In the packaging, IT, telecom and ecommerce industry, some of the top job roles companies are looking for are developer, analyst, management profiles, tester, engineer, senior and consultants.

An earlier study from the company found that there was an uptick in hiring senior executives in India compared to freshers and mid-level executives in the pandemic period (April to July) as the enterprises looked to invest in talent at the very top levels.

Indian companies hired 72 per cent of top executives as compared to 28 per cent of freshers and mid-level executives in the reported period.

Also Read: Indian e-com to garner $6.5bn in festive sales: Report

Also Read: IMF Foresees Steep Fall And Rise For India’s GDP

Read More: Demand in China boosts Indian steel industry

Previous Story

Virgil van Dijk’s injury a big blow: Henderson

Next Story

DDLJ Celebrates Silver Jubilee

Latest from Business

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s

Deadline Nears, India–EU Talks Heat Up

The success or failure of this round will shape how the two sides proceed, especially on difficult issues that have long blocked progress….reports Asian Lite News India and the European Union on

Gold Shines Bright Amid Global Jitters

Gold and silver continued their bullish run on Monday, scaling new highs amid mounting global uncertainties, heightened geopolitical tensions, and growing expectations of a US Federal Reserve rate cut. According to the
Go toTop