08 Nov 2021
Posted in Business Fundamentals
Global hiring in Q3 more pronounced compared to other quarters in 2021, finds GlobalData
The COVID-19 pandemic impacted hiring activity across the global markets, with the impact being most noticeable in H1 2020 while H2 2020 saw scattered signs of revival. However, hiring in Q3 2021 was more pronounced as compared to other quarters in 2021, as companies continued to post and close jobs, reveals GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘Hiring Trends & Signals Quarterly Report Q3 2021’, reveals that hiring jumped in Q3 2021, with over 5.3 million job closures and another 3.7 million jobs open for application.
Rajeev Gupta, Director of Financial Markets Data at GlobalData, says: “Vaccine availability and inoculation has had a positive impact on hiring activity across various industries. Companies are exploring options such as ‘remote work’ and ‘sign-on bonuses’ in a new normal and subsequently hiring increased across all sectors and markets.”
Markets such as India, the UK, South Africa and Brazil are reportedly leading hiring activity, with the active jobs index far surpassing pre-COVID-19 levels.
Sector wise, Insurance, Aerospace, Defense & Security, and Foodservice saw the most growth in Q3 2021 for hiring, with companies in these sectors looking more at digitalization and automation.
Mr Gupta concludes: “Companies will be focusing on surpassing pre-COVID operations and offsetting the impact of the pandemic with increased job postings.”