Hiring spree! Covid, Monkeypox Scare Boosts Hiring In Insurance Sector



New Delhi: The advent of the Kovid-19 pandemic and the recent monkeypox has come as a boon for job seekers in the insurance sector.Also Read – 10 Frequently Asked Questions About Monkey Pox in India and Their Answers!

With an increase in demand for health insurance products, the sector has registered over 21 percent growth in hiring activity in July 2022 compared to last year, a report showed on Thursday. Also Read – Monkeypox cases on the rise: Will it call for a lockdown-like situation? Your answer here

Sectors such as oil and gas/power (18 percent) and IT-software (16 percent) also saw growth in hiring activity in July 2022, according to data from the Jobs Jobspeak Index for July. Also Read – Monkeypox: Another Delhi suspect admitted to LNJP hospital with travel history; Niti Aayog says there is no need to panic

The data shows that the job market in India continues its upward trajectory.

Other sectors that continued to show an upward trend in July last year include travel and hospitality (68 percent), banking (59 percent), retail (37 percent), BPO (35 percent), auto (34 percent). . ), education (32 percent), telecom (32 percent), and IT-software (7 percent).

Naukri.com chief business officer Pawan Goyal said in a statement that the report “confirms that the job market is on a stable path with no significant hotspots.”

“The growth trend is seen across most industries, cities and experience bands which is good news for job seekers,” he added.

Since the beginning of 2022, most of the major centers have been exhibiting positive hiring sentiment, registering an upward trend and marking double-digit growth.

Among metros, Kolkata topped the chart with 42 percent year-on-year growth in July’22. Other metros such as Mumbai (36 per cent), Delhi/NCR (25 per cent), Chennai (25 per cent), Pune (24 per cent), Hyderabad (12 per cent), and Bengaluru (10 per cent) also, positive in June’22 last year. Continue to show growth.

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(With inputs from IANS)

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