Hiring drops even in essential sectors such as Healthcare, Pharma & BFSI

Jun 12: As the COVID-19 crisis deepens, talent demand at Indian Inc. dropped even in the essential services sectors as Healthcare and BFSI. IndiaInc. registered 8% drop in talent demand in May 2020 M-o-M analysis, triggered predominately by the extension of the nationwide lockdown from May 17 till May 31, 2020. Most high volume sectors noted a dip with the sharpest fall in the Healthcare/Pharmaceuticals, BPO, BFSI and Automobiles sectors, stated the finding of TimesJobs RecruiteX May 2020 edition. 

Commenting on the findings of RecruiteX May 2020, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “The COVID-19 lockdown has caused an irreplaceable damage to the Indian economy. From March 2020 to May 2020, the talent demand has slipped continuously for three months now. However, I am hopeful that things will get better from here. Job seekers should use this time to learn new skills to be better equipped for the future. Recruiters should also use this time to evaluate their hiring strategies to attract the right candidates.”