Industry exits under the influence of Coronavirus, preparations to increase appointments and appraisals in 2021
Following the adoption of a new home-based system during the Coronavirus epidemic, companies are now moving forward to make new appointments in 2021 and pay better wages to employees. The coronavirus epidemic has had a severe impact on the Indian employment scenario. The new system became common for companies for their employees to work from home and work away from the office. Online working and digital skills for professionals have come to the center of the thinking of companies.
Online work has become an important role in running the system. In the year 2020, most companies had to redesign their hiring plans. The economic environment became uncertain due to coronavirus. Travel, tourism, hotels, retail businesses, aviation, real estate, construction and automobile industries have been badly affected during this period.
However, the condition of the automobile and retail business showed some improvement in the latter part of the year. Companies are constantly vigilant about their recruitment plan and during the new year, it is reflected on their plan. Deval Singh, Business Head (Appointments), TeamLease Services, said, “Of course, there are positive signs in the market and almost all industries see an upward trend in hiring but this work is being done with caution.” “The overall hiring intent which was 11 percent during the lockdown rose to 18 percent in the first half of the financial year and this figure continues to grow,” he said.
According to Singh, employment opportunities have increased by 50 percent compared to the days of lockdown. After Diwali, most companies have cut pay cuts and some have even paid bonuses. Some companies in the technology sector have also announced a premature wage increase of employees. The latest survey of the Manpower Group employment scenario says that there are strong signs of improvement in Corporate India.
The companies plan to employ more people in the first three months of 2021 than in the December quarter. The group’s survey covered 1,518 employers across the country. Experts say that the new system of office work at home has opened doors to new opportunities for employees as well as employers. After this, now there is no possibility of going as far as the situation before Covid-19.
The digital shift in the working condition of the Indian workforce in 2020 is expected to grow further in 2021 and beyond. In the year 2020, there has also been an opportunity for Indian companies, organizations to look into technology-based diagnostics for staff recruitment, interviews and other tasks, adopt and conduct initial tests. The technologies that were only talked about in 2019 for adoption were immediately implemented in the era of coronavirus.
