Bengaluru: India’s nation-wide lockdown to curb the Covid-19 spread has brought most economic activities – including talent demand – to a screeching stop. India Inc’s talent demand in March 2020 recorded a dip of 5% m-o-m and 2% y-o-y, as per the TimesJobsRecruiteX report
TimesJobsRecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.
The year 2020 started on a cheerful note for India Inc with overall talent demand registering 12% m-o-m growth in January. However, as the coronavirus pandemic spread quickly from China to India, most industries started operating remotely and the talent demand in February 2020 noted a dip. In March 2020, the talent demand dropped further owing to the nation-wide lockdown and noted a loss of 5% in m-o-m analysis.
“The Covid-19 spread has brought in uncertain times that none of us had ever thought or imagined earlier. Professionals working in the healthcare, pharmaceuticals, banking, retail and security sectors are working around the clock to keep things working. The other sectors have switched to the remote way of working. The recruiters and HR managers have widely adopted the digital mode for talent assessment, interviews and group discussions. In this lockdown period, more people have adopted the ‘work ..
An in-depth analysis of talent demand in March 2020 showed that only three sectors – retail, accounting and IT/telecom – saw improvements in the m-o-m study. The retail sector noted 6% rise, accounting sector registered 5% growth and IT/telecom sector witnessed 2% uptick in m-o-m talent demand. Barring these, all other sectors saw a dip in talent demand.
Hyderabad/Secunderabad noted 16% growth in talent demand in March 2020. All other cities, including the metros, saw a slump in talent demand.
The talent demand for freshers and professionals with less than 2 years of work experience grew by only 1% in March 2020. All other work experience categories saw a downfall in the talent demand.
