Jobs scenario: August witnesses uptick; at pre-Covid level

August witnessed a continued up-rise in the white collar job market, as many businesses resumed their operations and has touched pre-Covid levels overall, and has surpassed it in case of tech sectors according to a report in The Times of India. According to HR firms, the non-IT sectors like retail, real estate and infra which was under a strain have contributed to the MoM growth in talent demand. The job market has went above the 50% mark, on a YoY basis from August, which was the recovery month last year.

White collar jobs increase up by almost 60%

Micheal Page, a HR consulting firm has reported that sectors like medical devices, retail and real estate which has seen a sluggish recovery until July, have seen a good amount of jobs being added last month. It also said that the startup world has seen a lot of buzzing activity, with a lot of jobs opening up. Though the MoM growth has been marginal in new job openings, the open white collar jobs have risen by almost 60% on a YoY basis.

As on September 1, job postings represented an 8% incline over the baseline of February 2020 as hiring activity hit the pre-pandemic level according to job listings portal Indeed.

JobSpeak, Naukri.com’s monthly job market index rose by 89% to 2,673 in August 2021 as compared to the same month last year.

Automotive (4%), BPM (4%) and IT/Telecom (3%) led the MoM talent demand in August according to Timesjobs monthly recruitment index, RecruiteX.