Cities reported double-digit year-over-year hiring increase in May, indicating that demand for talent in metros and non-metros remained stable.
In May, India Inc. reported a 40% increase in hiring activity over the previous year, with the leisure and hospitality industry gaining traction on the back of the summer vacation season.
According to a research by job portal Naukri.com, the industry saw a more than four-fold increase in hiring in May compared to a year earlier, when travel was severely hampered by the coronavirus pandemic’s second wave.
“According to the latest Naukri JobSpeak May’22 Index, the increase in hiring activity continues, with +40 percent Y-O-Y growth in May’22,” the study added.
The Naukri JobSpeak is a monthly index that estimates and records hiring activity on a monthly and annual basis based on job listings on the Naukri.com website.
Last month, hiring in the travel and hospitality sector was strong, thanks to a surge in travel due to the summer holiday season. “After a big slump last year, the industry rebounded with a 352 percent year-over-year increase.
In comparison to April, the sector has maintained its monthly run rate, indicating that it is stable “According to the report, Retail (+175%), real estate (+141%), and insurance (+126%) were among the other industries that reported strong hiring activity.
Due to the large base effect, the IT-software/software services business saw a smaller increase in job listings, at +7%.
According to the research, demand for talent in metros and non-metros remained stable in May, with cities reporting double-digit year-over-year hiring growth.
Delhi (63 percent) had the biggest Y-O-Y increase among metros, followed by Mumbai (+61 percent).
Other metros, such as Kolkata (+59%), Chennai (+35%), Pune (+27%), and Hyderabad (+23%), also experienced good development. Retail (+175%), real estate (+141%), and insurance (+126%) were among the other industries that reported strong hiring activity.
Due to the large base effect, the IT-software/software services business saw a smaller increase in job listings, at +7%.
According to the research, demand for talent in metros and non-metros remained stable in May, with cities reporting double-digit year-over-year hiring growth.
Delhi (63 percent) had the biggest Y-O-Y increase among metros, followed by Mumbai (+61 percent). Other metros, such as Kolkata (+59%), Chennai (+35%), Pune (+27%), and Hyderabad (+23%), also experienced good development.
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