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Hiring activities increase 12 per cent MoM in August: Naukri JobSpeak Index

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MUMBAI:
Hiring activities are steadily increasing in sync with the gradual unlock measures taken by the Centre and state governments, with a 12 per cent improvement in job postings at 1,413 in August as compared to the previous month, according to Naukri JobSpeak Index.

The month-on-month (m-o-m) improvement in job postings indicates that
hiring activities are in sync with unlock measures that are aimed at reviving the economic activities.

However, on a year-on-year basis,
hiring is still down by 35 per cent in August, showed the Index.

The Naukri JobSpeak is a monthly index that calculates and records
hiring activities based on the job listings on Naukri.com website month-on-month

Further, the Index showed that there seems to be no respite for the hospitality and travel industries, which continue to be the most impacted sectors with an annual decline of 80 per cent.

Oil and gas or power saw a decline of 59 per cent, retail 54 per cent and accounting or taxation or finance 46 per cent in
hiring activities during August compared to the same month last year.

Meanwhile, industries such as medical and healthcare with a decline of just 1 per cent, telecom with nine per cent, IT-hardware 25 per cent and BPO/ITeS with a 26 per cent dip remained less impacted in terms of
hiring.

Being at the forefront in battling the pandemic, the pharmaceuticals and biotech witnessed a growth of 15 per cent with a positive demand for professionals in August compared to the same month in 2019.

Interestingly, the demand for roles in the banking and insurance segment remains stable, it added.

Given the intensity of the coronavirus pandemic in metro cities, the
hiring activities in metros declined 38 per cent more than the national average of 35 per cent in August.

Hiring activities in Mumbai dipped by 44 per cent, Chennai by 41 per cent, and Delhi-NCR saw a 40 per cent decline.

However, smaller cities such as Jaipur with a decline of 23 per cent, Vadodara by 23 per cent and Chandigarh by 15 per cent were the least impacted.

Recruitment across the board declined at varied experience levels with the entry-level experience bands (0-3 years of experience) witnessing the sharpest decline of 38 per cent in August as compared to the year-ago month.

Even the leadership
hiring with 16 years of experience grew 11 per cent sequentially, it said.

“It is encouraging to see the month-on-month progressive growth in
hiring from the past three months as a result of the nationwide unlocking,” Naukri.com Chief Business Officer Pawan Goyal added.

He added that while the pharmaceuticals and medical, IT and BPO/ITeS sectors continue to spearhead
hiring, other key sectors like telecom, retail and real estate are also signalling strong recovery in August compared to July. “We are hopeful that the recoveries will become more robust in the coming months.”

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How Effective Is Sonus Complete?

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Sonus complete Review – Real Customer Experience Here! Sonus complete is a powerful natural remedy for those suffering from ringing in the ears. This natural tinnitus-blocking supplement does not contain any harmful ingredients and actually works very effectively to eliminate the constant buzzing in your ears.

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No matter what you want to hear, I highly recommend Sonus complete. if you want relief from tinnitus and you are tired of suffering with ringing ears. Take a few minutes and check out this website today!

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ESIC: Govt may retrospectively relax conditions for unemployment benefits under Employees’ State Insurance

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The labour ministry has proposed to provide 50 per cent average per day earnings of the subscriber during four contributory periods in the past two years for 90 days of unemployment, as against 25 per cent provided earlier.

Synopsis

The labour ministry has moved a proposal to amend the conditions under the Atal Beemit Vyakti Kalyan Yojana from March, when the government imposed a nationwide lockdown, which will be taken up by the Employees’ State Insurance Corporation (ESIC) board on Thursday.

New Delhi: The government is likely to retrospectively relax conditions for unemployment benefits under the Employees’ State Insurance, which saw zero contribution from eight million subscribers in April and May.The labour ministry has moved a proposal to amend the conditions under the Atal Beemit Vyakti Kalyan Yojana from March, when the government imposed a nationwide lockdown, which will be taken up by the Employees’ State Insurance

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EPFO records 6.55 lakh net new enrolments in June from 1.72 lakh during May 2020

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NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) saw a robust rebound in net new subscribers with addition of 655,000 subscribers in June as industries and services resumed operations after two months of lockdown. Barely 20,000 and 172,000 subscribers were added to the EPFO in April and May respectively, resulting in net additions of about 847,000 in the first quarter of this financial year.

“The month of June has seen speedy recovery with addition of 6.55 lakh net subscribers registering a remarkable 280% month on month growth,” the EPFO said in a statement on Thursday. “The subscriber base growth is on account of increased number of new subscribers, lower exits and higher rejoining by exited members.”

New subscribers increased about 64% to 498,000 in June from 303,000 in May while exits from EPFO subscriber base declined nearly 33% to 296,000 in June from 445,000 in May. The EPFO saw net addition of 1.2 million subscribers in June this year while 2019-20 saw one million new subscribers on average every month.

EPFO

Even the number of members who exited and then rejoined increased 44% in June from May, with more subscribers choosing to retain membership by transferring funds rather than opting for final settlement, said the EPFO. The data comprises all the new members who joined during the month and whose contribution was received.

The EPFO payroll data showed the enrolment of female workers went up to 106,059 in June from 37,085 in April in absolute terms, even though the overall female participation in the workforce remained low.

However, the highest jump in formal employment creation was in the expert service category which predominantly consist of manpower agencies, private security agencies and small contractors.

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