Even as the hiring in India improved in the April-June quarter, the number of applications per job has doubled from January to June 2020, in a sign that the competition for jobs has intensified, according to data from LinkedIn’s monthly Labour market update.
The update highlights the hiring rate in India, overall hiring sentiment across industries, competition for securing jobs and the top jobs and skills in demand. While there has been a rebound in hiring after the Unlock phase, it’s expected to slow given the economic uncertainty.
While hiring in India declined by 50% year on year in April, the decline stands at 15% for the period ended June. Job seekers in affected sectors such as recreation and travel are more likely to look for jobs in a different sector.
Competition for jobs has doubled compared to 6 months ago, with the average number of applications per job posted on LinkedIn increasing from around 90 in Jan 2020, to 180 in June 2020.
- Competition for jobs has doubled compared to 6 months ago
- The decline stands at 15% for the period ended June.