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Hiring rate recovered moderately from 10% in April to 35% in May 2021: LinkedIn data

India’s hiring rate has recovered moderately from 10 percent in April to 35 percent in May 2021, but the aftermath of the second wave of COVID-19 has left professionals in India increasingly vulnerable to uncertainty. economic, according to data from LinkedIn.

[avatar user=”Isha Yadav” size=”thumbnail” align=”left”]By Isha Yadav[/avatar]

New Delhi. India’s hiring rate has recovered moderately from 10 percent in April to 35 percent in May 2021, but the aftermath of the second wave of COVID-19 has left professionals in India increasingly vulnerable to uncertainty. economic, according to data from LinkedIn. India’s engagement rate on LinkedIn fell from 50 percent in March 2021 to 10 percent in April 2021.

The hiring rate saw a modest 35 percent revival in May 2021, as localized curfews were gradually lifted and economic activity partially resumed. However, working women and young professionals remain vulnerable to economic turmoil.

“Working women have 4 times less self-confidence than working men, while the average time it takes for new graduates to find work has increased from 2 to 3 months,” according to LinkedIn. Some of the dominant industries on LinkedIn that are actively hiring are: finance, corporate services, manufacturing, healthcare, and hardware and networking.

On the other hand, industries that experienced a decline in hiring include: consumer goods, media and communications, automotive, marketing and advertising, and personnel and recruiting. Furthermore, more than 9 out of 10 companies in India are merging functions and looking to fill vacant positions internally.

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The top 3 functions with the highest internal mobility rate in India, in 2020, included Product Management, Consulting, and Program and Project Management. In 2020, amid the pandemic, the demand for Specialized Engineering, Artificial Intelligence, Cybersecurity and Data Science roles took center stage.

Almost a year later, this demand for IT talent continues to rise as application developers, software engineers, and SAP specialists emerge as the top 3 most in-demand jobs today based on May 2021 LinkedIn data. . According to LinkedIn, burnout has become a reality in the post-COVID world.

“As this dynamic hustle to upgrade skills, technology and recruitment continues, the Indian workforce has slowly but surely come to the brink of collective exhaustion,” he said. This sentiment is strongly reflected in the growing demand for flexibility in India as every second job seeker prioritizes location, hours and work-life balance when looking for a job today, she added.

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