Source | economictimes.indiatimes.com | PTI
India’s recruitment activity has been recovering steadily as the hiring rate in June 2021 was around 42 per cent above the pre-pandemic levels in 2019, says a report. According to LinkedIn India – Labour Market Update for June 2021, there was a deepening hiring dip in April 2021, corresponding to a second wave of COVID-19 cases in India. Since then, it has been recovering steadily, compared to the pre-COVID levels in 2019.
Hiring rate was 35 per cent higher at the end of May 2021, and 42 per cent higher at the end of June 2021.
Hiring rate is a measure of hires divided by LinkedIn membership. This analysis looks at the changes in hiring rate between this month and the same month in 2019.
The uptick is possibly due to a release of pent up hiring, as companies took a more cautious stance towards hiring in 2020, the report said.
The report further noted that competition for jobs was lower compared to 12 months ago, but applicants are applying more aggressively.