The second wave of the Covid-19 pandemic failed to cast a shadow on the hiring momentum in March as the count of active jobs, refreshed and accepting applicants reached the 2.9-lakh mark, against 2.6 lakh in February 2021.
The second wave of the Covid-19 pandemic failed to cast a shadow on the hiring momentum in March as the count of active jobs, refreshed and accepting applicants reached the 2.9-lakh mark, against 2.6 lakh in February 2021. The good news is the job openings in March 2021 were 18% higher compared with the closing figures of March 2020. According to Xpheno, a Bengaluru-based specialist staffing firm that tracks the data, with a slight moderation of pace in the second half of the month, the overall figure was set on a trajectory for a record-setting of 3 lakh openings.
However, there is caution in the air, and the hiring momentum could moderate in the near to long term. Kamal Karanth, co-founder, Xpheno said, “Based on the learnings of the past year, enterprises now have a trained model on hand to moderate their hiring plans for near-term and long-term corrections. The marginal slowdown of active jobs observed in the second half of March 2021, was an indication of moderation in play”. With possible travel limitations and inter-state movement restrictions, industries like airlines and hospitality are back to making business continuity plans. While manufacturing is expected to hold it out a little longer, the large-form retail, entertainment and recreation verticals are seen bracing for another rough patch ahead.
Source: Financial Express
