Viswanath said entrylevel hiring has been particularly affected, experiencing a significant reduction, especially due to a decline in campus hiring. Further, contract staffing has been equally impacted. Projects requiring resources for shorter durations, such as 6-9 months, have seen a slowdown, possibly due to delays or uncertainties in project kick-offs, he said.
On a brighter note, comparing the current state with February 2023, Randstad has observed some improvement. “While we hope for some positive indicators in March, a full recovery is anticipated to be more realistic after June,” said Viswanath.
On the salary front, the Randstad India chief said the tech sector might see the average hike fall by around 9 percent. On the other hand, the non-tech sector is anticipated to give better hikes of over 10 percent, in some cases.
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Denne historien er fra February 27, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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