The Indian job market is improving slowly and steadily over the past few months after declining by over 60% in April’20 and May’20 Y-O-Y, owing to the pandemic. Even though the market witnessed a steady M-OM recovery, the effect of the pandemic is still evident in Y-O-Y growth. As organizations are re-aligning to the new normal, they are anticipating an upsurge in the demand for the right talent to tackle challenges that the post-pandemic world would bring.
One-fifth of recruiters foresee hiring bouncing back to pre-COVID levels within the next three months, as per the Naukri Hiring Outlook survey done in Sept’20. Another 26% predict 3-6 months while 34% said that it would take their organizations 6 months to 1 year.
Some notable trends that will become key in the Indian job market in the coming year include:
Hybrid Working Model will be the future.
Upskilling to stay relevant for career progression.
Remote Hiring will be the new norm.
The IT sector has been the least impacted sector when it comes to hiring this year. With more companies taking on the route of digital transformation during the pandemic, IT becomes central to a lot of processes, further pushing the recovery of the sector.