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Job postings increase in all sectors; Engineering, Healthcare job fare the best, says latest data

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KOLKATA: The number of job postings in India has increased in all industries, while engineering and healthcare have shown the best recovery so far, shows data from job site Indeed.

The trend in job postings in India — a real-time measure of labor market activity in July — is 42% lower than in 2019. Compared to 50% slower than in 2019 in June 2020, continuing their gradual, but incomplete rebound.

Indeed’s latest data shows a sign of progress in all sectors. Civil Engineering job postings were 26% lower than in June 2019 whereas in July they are lower by 10%. Other streams in engineering also show significant improvement.

Sector – Engineering July 2020 June 2020
Civil Engineering -10% -26%
Chemical Engineering -19% -34%
Industrial Engineering -35% -38%
Electrical Engineering -19% -41%
Mechanical Engineering -31% -46%

The chart above compares job postings for all engineering jobs in June 2020 and July 2020.

Job opportunities have improved in nearly all sectors. Some sectors where hiring appetite looks relatively strong, at least compared to the overall average, are those that didn’t experience sharp declines in March and April.

This includes healthcare-related areas like Physicians and Surgeons and nursing as well as Pharmacy. Physicians and Surgeons jobs were growing 31% lower than in 2019 in June 2020. In July they are growing 18% lower than in 2019.

Dental job postings, on the other hand, are growing slowly (-68% in June compared to -66% in July) as compared to other healthcare jobs, possibly owing to the lockdown and strict measures on keeping private clinics shut.

Healthcare July 2020 June 2020
Physicians & Surgeons -18% -31%
Pharmacy -22% -44%
Nursing -33% -49%
Medical Technician -35% -47%
Medical Information -55% -51%
Dental -66% -68%

Meanwhile, strong rebounds in sectors like Community and Social Services, Marketing & Sales, continue to bring postings closer to their 2019 trends.

Sashi Kumar, Managing Director, Indeed in India said “The public health situation and its economic spillovers continue to change every day. However, there is a sign of growth and recovery in job postings in almost all sectors. If this continues the job market will certainly bounce back earlier than expected.

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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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Hike to spend up to Rs 40,000 per employee to facilitate work from home throughout 2020

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New Delhi: Mobile messaging platform Hike on Thursday said all its employees will work from home throughout this year and the company will spend up to Rs 40,000 per staffer to help them create a comfortable workspace at their home.

The company, however, has kept its office open for employees who want to access special technologies available within the premise for their work, it said.

Prioritising employee safety and well-being amid the COVID-19 pandemic, the company said it has adopted “remote-first approach for the rest of 2020.”

Backed by global investors including SoftBank, Tiger Global, Tencent, Foxconn and Bharti Enterprises, Hike has over 160 employees at present.

The company, in a statement, said that “valuing employee wellbeing over everything else, Hike’s move to a remote-first culture would make working remotely their default modus operandi.”

However, for those looking to come to the office, it will remain an option with strict guidelines to ensure social distancing and sanitation.

Hike has that it will spend up to Rs 40,000 per employee to help them create a workspace at home.

“Hike would be delivering an ergonomic office chair and a brand new compact office table to its employees residing in Delhi NCR.

“For employees presently outside of Delhi NCR Hike has announced a reimbursement of up to Rs 10,000 for the purchase of their own chair and table to set up their workstation at home,” the statement said.

Hike would also be supporting its employees for any internet and IT accessories requirement.

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