Hiring across the board is expected to resume completely by January after a lull caused by disruptions due to the Covid-19 pandemic although campus recruitment is expected to take a hit, recruitment firm CareerNet Consulting said in a report that was shared exclusively with ET.
Most companies have selectively begun filling up positions but will take six months at least to become fully active, it said.
For instance, companies that had paused hiring are also likely to bounce back, with 43% of them indicating they would become active in six months.
“This seems to be a 15-16 month cycle and by April the momentum should touch pre-Covid-19 levels, even though this would be at a lower base given the downsizing over the last six months,” said Anshuman Das, co-founder of CareerNet.
Campus hiring will, however, likely be impacted, with 27% companies not planning to go to campuses this year, while an additional 39% are still unsure.
Only a third of the 100 decision-makers in human resource and talent acquisition teams at organizations said they planned to hire this year, according to the report.
“This year, campus hiring has already been deferred… we also expect this to be more phased out. It won’t be concentrated on a few days. When the economic recovery begins, organizations will re-start their plans,” Das told ET.
The study was inconclusive about whether employee numbers would be at par with pre-Covid-19 levels.
“Most companies today are cautious and are still trying to re-calibrate their demand, economics, and external fundraising environment,” the CEO of a startup valued at over $1 billion said, requesting anonymity.
Source: ET Tech
