According to a survey, employment activity in India has been steadily improving, with the hiring rate in July this year being roughly 65% higher than pre-COVID levels. According to the LinkedIn India – Labour Market Update (July 2021), the second wave of COVID-19 cases in India caused a worsening hiring downturn in April 2021. It has been steadily improving since then.
It said the hiring rate was 35 percent higher at the end of May 2021, 42 percent higher at the end of June 2021, and now 65 percent higher at the end of July 2021, compared to pre-COVID levels in 2019. The hiring rate is calculated by dividing the number of hires by the number of LinkedIn members. This research compared the hiring rate in the month under consideration to the same month in 2019.
According to the research, most transitions into emerging careers come from non-emerging roles, with 54 percent and 57 percent of shifts into Data and Cloud professions coming from non-emerging roles, respectively.
There was a huge drop in people switching jobs when COVID hit the country, with the share of members changing jobs falling nearly 48 percent in April 2020, compared to the same period a year ago, indicating that people were “sheltering in job” during the pandemic.
Since then, it has improved, with 61 percent more job changes in March 2021 compared to the same month in 2019. According to the data, it has stabilised over the last four months, and as of July 2021, the share of India members changing occupations is about 59 percent greater than in the pre-COVID period.