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Vaccine rollout, falling Covid cases are adding momentum to white-collar job scene in India
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Synopsis
A decline in Covid cases as well as fatalities and the imminent vaccine roll-out for the masses have proven to be the foremost factors giving an impetus to the battered job market.
ET Bureau
We can safely say that we are at 80-90% of the pre-Covid job market,” says Sandeep Gulati, managing director, ManpowerGroup India. As recently as December, companies hesitated to talk about hiring intent, which is now giving way to cautious yet concrete hiring plans in the coming months. So, what changed?
Updated Jan 07, 2021 | 13:45 IST
Top company executives and HR heads said much of the bounceback, and pickup in hiring will depend on the success of the vaccine and its resultant impact on the economy. Representational image
New Delhi: As the vaccine rollout becomes imminent, India Inc steps up its hiring plan. The
Economic Times citing two surveys on hiring intent mentioned that companies across sectors and regions intend to create jobs briskly and tier 2, 3 cities will be whitecollar job market hotspots.
Citing a Teamlease survey, for January-March, the business daily mentioned 27% of companies show hiring intent as compared to 21% in October-December, and an average 18% in the two quarters of April-September. The survey covered 815 small, medium and large companies across 21 sectors. The intent to hire metric measures the proportion of companies planning to recruit in a quarter.