India’s Hiring Activities Holding Up Better Than Many Economies: Report

As of mid-June, job postings on Indeed India declined by 51 per cent than in 2019, the report stated.

MUMBAI: India has been holding up better in hiring than other economies as the COVID-19 pandemic has caused disruptions across the globe with reports of layoffs, furlough and organisations freezing their hiring intentions across sectors, according to a report.  

The trend in job postings was roughly in line with last year”s trend until the second week of March, global job site Indeed said in a report adding that the slowdown accelerated in the second half of March and through April to May, reflecting lockdowns on economic activities.

As of mid-June, job postings on Indeed India declined by 51 per cent than in 2019, the report stated.  

Among global markets, hiring activities in the UK declined by 60 per cent and 61 per cent in Mexico and a few countries in Europe, it added.  

However, India is worse off than countries, including the US where the job postings have declined by 29 per cent, Singapore by 32 per cent and Australia by 42 per cent, it added.

The report is based on data available on the Indeed platform during February till May, during which Covid-19 pandemic began disrupting the economies globally.  

Source: The New Indian Express

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