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Hiring Slows: Fewer full-time job offers in December

Meanwhile, the trend of fewer opportunities being generated in the top five metro locations persisted with their contribution to the total active job counts at a low 28%, down from the earlier highs of 51% in September

Source | www.financialexpress.com | Shubhra Tandon

Having seen a good pick-up after July, the number of full-time job opportunities on offer seems to be falling. Companies drawing up their strategies seem to see some moderation in business prospects and have pared their workforce requirements.

Full-time jobs registered a 33% month-on-month decline in December to 1,62,000 over November, data from Xpheno, a Bengaluru-based specialist staffing firm, show. This is the first time in three months that the active job count has dropped below the 200,000 mark; the lowest active jobs number was seen in June and July at 132,000 and 142,000, respectively.

Nonetheless, Kamal Karanth, co-founder, Xpheno, points out more enterprises have extended work-from-home and remote working for 2021 opening up room for employment opportunities.Companies are augmenting their seasonal workforce so as to better manage any business spikes. This is noticeable in the gradual upward movement in the part-time, contract and internship opportunity segments since August 2020. In December, the active openings for internships registered a 13% growth. “Since the festive hiring will continue for the next few weeks we can expect an increase in the number of short-term and temporary jobs,” Karanth said.

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Source
www.financialexpress.com
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