Corporates aim to hire & appraisals in 2021

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Due to past circumstances, the companies have seen a major drop in their growth which has lead to massive job loss but the year is changing and companies are getting ready to make a change as experts believe there is no going back.

Nishith Upadhyaya, Director - Advisory Services, SHRM stated “Things like video interviews, artificial intelligence, etc which were being futurized but were quickly opted by organization in 2020.”

Deval Singh - Business Head, Mobilization (Hiring) at TeamLease Services mentioned that “Overall, the intent to hire recovered smartly from 11 percent during the lockdown period to 18 percent for HY (half-year) and this number is growing,” according to him there is a 50% increase in opportunities for getting employed in the market as the market is showing optimism.

It is clear that with the upcoming year that companies will revive from there lowest & create new opportunities for others and themselves.

Aon the leading global professional services firm lead a survey which showed 87 percent of companies plan to give salary increases in 2021 compared to 71 percent in 2020, Also the survey have coated that companies in India give an average increase of 6.1% 

During the year 2020, which is the lowest since 2009 which was 6.3% back then. The latest salary trends survey noted that there will be an average salary hike of 7.2% in the upcoming year.

It is also being said that hearing of women would increase as industries are now opting for flexible working models. The year leads to upskilling of the workforce & will lead to the same in next year which will result in longevity & productivity on the ground.

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