India’s hiring activities recovering!

The hiring activities in India are expected to rise with around 53% of companies planning to add more employees to their headcounts in 2021. According to the “Talent Trends 2021 Report” by Michael Page, a professional recruitment services firm, in 2020 the Asia-Pacific region (including India) was significantly impacted by the COVID-19 pandemic, with a fall in hiring activities in 2020 by 18%.

Nicolas Dumoulin, Managing Director of Michael Page India said, “Technology and healthcare sectors witnessed significant activity even during the lockdown phase given the sudden increase in demand for relevant talent across functions.”

In India, the hiring activities in the eCommerce sector including businesses such as education technology and e-commerce did not lose momentum in comparison to other sectors. The same momentum is expected to continue in 2021 as well. As per the report, 60% of the employers that were surveyed are thinking to raise the salaries, 55% of them are planning to give the bonus payments, and 43% intending to hand out more than one month’s bonus.

Furthermore, around 74% of the tech companies expect a rise in headcount by 14%. 68% of the e-commerce companies are expecting a 12% rise in headcount in 2021. The real estate sector is also expected to raise its headcount with 44% of the construction and property companies expecting a 10% increase in the headcount in 2021.