Jobs will increase in new year, Covid expected to reach pre-level: Survey
As the market continues to improve, employers are optimistic about revival in the new year. Around 26 percent of employers expect the job market to reach pre-Covid levels in the next 3-6 months. At the same time, 34 percent of the employers believe that it can take from six months to a year. A survey has revealed this conclusion.
Naukri.com ‘Hiring Outlook Survey’
According to the ‘Hiring Outlook Survey’ of employment-related website Naukri.com, employers are looking forward to the new year. The company said in a statement that 1,327 employers and consultants took part in this survey. Naukri.com also analyzed data of more than one lakh employers available on its platform. The company based the employment data for January and February to determine the pre-Covid level.
The survey revealed that industries like medical or healthcare, IT, BPO/ITES had little impact, but some sectors such as retail, hospitality and travel struggled to cope with the situation. It added that the start of 2020 was positive overall, but was later affected by the Covid-19. It came to a standstill after the lockdown, but the job market started improving from the beginning of unlock in June.
Covid-19 did not have much of an impact until March, but April and May saw a sharp 60 percent year-on-year decline in hiring, the lowest for the first time on the Naukri platform. However, since November the market is still down 28 percent year-on-year. According to the Naukri JobSpeak Index, jobbers, recruiters and experts are still eyeing gradual recovery.
