E-recruitment in India experiences a decline in hiring activity
E-recruitment in India experienced a decline of 7% in hiring activity during May 2023 compared to the same period in 2022, as reported by the latest findings from the foundit Insights Tracker.
On a monthly basis, the dip was slightly smaller, standing at 4%. The Tracker attributed this deceleration in hiring activity to seasonal factors and prevailing market conditions.
Among the 27 industries monitored, 9 exhibited an increase in e-recruitment compared to the previous year. The Shipping/Marine sector emerged as the leader in year-on-year growth with a significant increase of 45%. It was followed by Advertising, Market Research/Public Relations, which experienced a growth of 28%, and Retail, which saw a rise of 27%.
Conversely, the IT-hardware and software sector experienced the largest decline over the year, with a decrease of 20%.
Meanwhile, online demand for professionals increased in 3 out of the 13 occupational categories tracked by the platform in May. The HR & Admin category showed the highest growth rate at 8%, while customer service experienced a decline of 33%.
In terms of geographical distribution, online recruitment surpassed the previous year’s levels in 2 out of the 13 cities monitored.
When examining experience levels, online recruitment for individuals with 0-3 years of experience decreased by 9%. Hiring for intermediate level roles with 4-6 years of experience saw a significant decline of 26%.
Mid-senior level positions requiring 7-10 years of experience reached an all-time low in hiring activity, experiencing a decrease of 29% over the year.
Hiring for senior level roles with 11-15 years of experience reduced by 18%. Leadership positions, requiring 16+ years of experience, witnessed the most substantial drop at 40%.