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Hiring Pick Up Points To Economic Revival


The hiring has seen a comeback in few of the sectors and profiles over the last few weeks in comparison to the last few months. It has been observed that some of these sectors have seen an uptick in hiring including edutech, e-commerce, data processing, supply chain management, banking, FMCG, healthcare, insurance, digital experts, fintech and pharma.

Hiring Pick Up Points To Economic Revival

As compared to hiring volumes that trended down by 80% in comparison to pre-Covid levels, as per an HR services firm with presence across the country there has been seen a return of up to 50% in hiring plans of pre-Covid levels.

"Hiring is picking up in select sectors, and the momentum will continue. However, sectors like tourism are unlikely to see any major progress," said Mishra, Aditya Mishra, CEO, CIEL HR Services in a leading dailies report.

Further as per Randstad India, the hiring shall come up to its normal pace as in pre-Covid times by June end. While some of the sectors including aviation, hospitality and tourism will take time for hiring to come back to normal. Also parts of telecom and manufacturing will to some extent also see a pick-up.

And within industries one profile or job function that is seeing the most demand is education.

Also, in the short run, the job functions that are in high demand include doctors, nurses, paramedics, phlebologists and other professionals in healthcare; production, sales and logistics professionals in FMCG; warehouse executives and delivery agents in e-commerce; housekeeping staff in facility management and cyber security professionals, among others. And the BFSI sector in the medium to long term may see demand for sales executives, tech experts and digital marketers.

"Hiring is happening but in a very need-based, transactional manner. The hiring industry is not even at 30% of what we should ideally be. Companies are very cautious about adding new headcount. One must bear in mind that businesses are not fully functional yet," said Chakraborty, executive VP of TeamLease Services.

Read more about: hiring
Story first published: Monday, June 15, 2020, 7:37 [IST]
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