India’s Hiring Rate Goes up 250% in May, Highest Demand for IT Workers: LinkedIn

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India’s Hiring Rate Goes up 250% in May, Highest Demand for IT Workers: LinkedIn
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- India’s hiring rate moved up from 10% in April to 35% in May, a 250% increase according to data from LinkedIn. The rate had dropped from 50% in March, previously.

LinkedIn says this modest increase in the rate signifies that economic activity is slowly picking up. Industries that are actively hiring on LinkedIn are finance, corporate services, manufacturing, healthcare, and hardware & networking.

The highest demand continues to come from the tech sector with application developers, software engineers, and SAP specialists emerging as the top 3 in-demand jobs for May 2021.

Sectors, where hiring has fallen, include consumer goods, media & communications, automotive, marketing & advertising and staffing & recruiting.

However, there is a very real danger of burnout in India’s workforce. “As this dynamic hustle for upskilling, tech-proofing, and recruiting continues, India’s workforce has slowly but surely arrived at the brink of collective burnout,” LinkedIn said.

Working women and young professionals are not immune to the economic chaos. “Working women are 4x less confident than working men, while the average time taken for new graduates to find jobs has increased from 2 to 3 months,” said LinkedIn.

Shares of Info Edge India Ltd (NS: INED ), owners of Naukri.com, have moved up from over 30% from Rs 4,158.45 on March 30 to Rs 5,409 on July 6.

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