Source | hr-economictimes-indiatimes-com.cdn.ampproject.org | ETHRWorld
New Delhi: Between early-April to end-June, hiring increased by 35 percentage points, reveals the ‘Labour Market Update’, a monthly update on hiring trends and insights based on LinkedIn’s Economic Graph, a digital representation of the Indian economy.
In India, hiring declines reached a low of below -50% year-on-year in April, before starting to slowly recover. The hiring sentiment stands at -15% year-on-year as of the end of June. As risks of second-wave of infections emerge, some states have imposed lockdown measures again. Given this uncertainty, the recovery is expected to remain fairly flat in the coming weeks.
LinkedIn, a world’s leading online professional network more than 706 million members around the globe, announced the key findings of the survey on Monday.
Data also suggests that the gap between hires for males and females has narrowed from about 40 percentage points in February to around 30 percentage points in June.