Hiring may hit pre-Covid level by year-end: Survey

2021-03-09 23:43:31

CHENNAI: India Inc is getting more optimistic about business prospects and the job market is likely to gain ground in the upcoming quarter (April-June), with a three percentage point increase in employers intentions to recruit, sequentially.
Manpower Group’s Net Employment Outlook (NEO), which measures employers’ intentions to increase or decrease workforce, came in at 9% for April-June 2021 — an improvement of three percentage points from the January-March quarter. Hiring plans are down two percentage points from the same period last year when Covid had just struck the economy.
A majority (56%) said they were likely to get back to pre Covid levels of hiring by the end of 2021. About 27% of employers reported that they may return to pre-Covid hiring by June. The survey of 2,375 employers across India shows that 12% of them anticipate an increase in payrolls in three months, 2% forecast a decrease and 53% expect no change.
Digital transformation will be a key driver for the job market, and those who can collaborate remotely and effectively, and have an upskilling mindset will stand a better chance over others, the HR firm noted. For 6-12 months, almost all (92%) of companies intend to offer their employees a mix of remote working and regular working at the office.

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