Online Recruitment Declines | Online recruitment declines in April, startups continue to boom: Report

File Photo Mumbai: The number of online recruitments in the organized sector declined in the month of April as compared to a year ago due to challenging conditions for companies. This assessment is presented in a report. According to the report, innovation-led startup firms saw a significant jump in hiring in April despite economic uncertainty. Number of online recruitments fell by 6% This report based on Foundit Insights Tracker (FIT) says that the number of online recruitments in the organized sector fell by six percent in April, 2023 as compared to a year ago but the number of jobs in new and emerging sectors increased. More applications were called for. Shekhar Garisa, CEO, Foundite (formerly Monster) said that the current global economic uncertainties have created a challenging environment for businesses and they have to adapt to the rapidly changing environment. Even though there has been a decrease in online recruitments, there are many employment opportunities available for the youth in emerging sectors. He said that the Indian startup ecosystem has changed and this is showing the intent of new hires irrespective of the current job market. Also read Bengaluru startups at the forefront of jobs Learning-tech among top five industries hiring startups, says report, but share reduced compared to last year. Apart from this, recruitments also took place in the banking and financial services and financial technology, media and entertainment sectors. On the other hand healthcare and BPO startups made lesser hirings as compared to April, 2022. Apart from big cities, smaller places also saw their share in the online recruitment process. Of these, Bengaluru topped in terms of startup jobs with 33% share. (agency)

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