Page told FE the main reason for this is that with companies re-aligning themselves with the new normal, there has been a need for new talent. Also, companies have understood the current conditions will continue for some time. “There’s less uncertainty and that has led to more hiring,” Dumoulin explained.
The momentum in the job market may have lost some pace in September but the good news is that 93% of the 1.76 lakh positions filled were permanent ones. Full-time hirings numbered 1.64 lakh compared with 1.5 lakh in June, according to data from Xpheno. Employment levels have now moved back all the way to 75% of pre-Covid levels, according to Nicolas Dumoulin, MD, Michael Page India.
Page told FE the main reason for this is that with companies re-aligning themselves with the new normal, there has been a need for new talent. Also, companies have understood the current conditions will continue for some time. “There’s less uncertainty and that has led to more hiring,” Dumoulin explained.
Source: Financial Express
