MercerMettl, a global leader in talent assessments, in its ‘The State of Talent Acquisition Report 2021’ states that although job cuts and rising unemployment rates were reported in 2020, the data looks promising on the hiring front in 2021. Recruitment managers are optimistic about returning to the pre-pandemic hiring levels in 2021. This outlook gains more credibility as nearly 60 per cent of companies surveyed said they were looking to hire talent for new positions.
RP Yadav, Chairman and Managing Director of Genius Consultants Ltd, which provides staffing solutions to scores of multinationals, says the job market is definitely moving upwards since June 10 when unlocking began and economic activities started reviving, though unemployment would be around 9 per cent. “In industries that are doing well, there are large employment demands like in the healthcare, pharmaceuticals, e-commerce, retail, telecom, IT and logistics. Sectors like manufacturing, consumer products, and infrastructure are still to gather pace. On the other hand, all tourism-related services, mass transportation, and entertainment industries, including cinema halls, continue to be in bad shape,” Yadav says.
This story is from the August 2021 edition of Outlook Money.
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This story is from the August 2021 edition of Outlook Money.
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