Source | www.financialexpress.com |
While there’s no outright freeze on hiring and most appointment letters are being honoured, companies have nonetheless turned judicious when it comes to hiring. To that extent, the job market is somewhat quiet.
The total active job openings dropped from 2 lakh in April to 1.67 lakh in May, with the closing figures for June hovering around 1.32 lakh. These numbers reflect openings at employers that are actively looking for people and accepting applications.
According to Siddhartha Gupta, CEO, Mercer|Mettl, hiring has undoubtedly nosedived, but companies are planning and building talent pipelines in the eventuality of a lockdown lift and associated demand generation in the market.
“Companies are looking out for newer talents passively, they are engaging with the candidates by offering them freelance opportunities to work on some projects or interviewing them and building their talent pipeline.