COVID wave freezes hiring, but jobs boom seen ahead
Jobs
After a brief spurt a few months after the pandemic in September-October 2020, the second COVID wave has led to a temporary freeze on hiring. According to Naukri.com, Covid 2.0 has led to a 15 percent sequential decline in April 2021, but the current impact on the job market is less severe than in April 2020 where the Naukri JobSpeak index declined by 51 percent month-on-month, said Pawan Goyal, Chief Business Officer.
A year-ago when the pandemic struck, hiring was the last priority as Corporate India was trying to get familiar with the new reality. Yet, there were some sectors that did well during the pandemic like agriculture, retail and logistics. E-commerce was in demand pan-India due to the lockdown and travel restrictions. And these sectors continue to do well.
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Contract staffing demand for tech talent nears pre-COVID levels
While pent-up demand is being cited as a reason for the surge in contract staffing, a healthy deal pipeline at IT firms is also driving the need for manpower. December 17, 2020 / 05:02 PM IST
After a largely dismal year, things seem to be finally looking up for contract staffing firms catering to the IT sector. After having witnessed a steep decline due to the pandemic since April, demand is now back to 80-90 percent of pre-COVID-19 levels. Also, salary increases of up to 20 percent are on offer for niche talent.
“Never seen a December as bullish as this year,” said Sanju Ballurkar, President of Experius IT, a part of staffing firm ManpowerGroup India.