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Talent Acquisition Trends for the year 2021

Source | | Umang Mathur

Talent Acquisition Trends for the year 2021

The corporate world has seen an unprecedented year in 2020 which was filled with a lot of uncertainty and a lot of volatility in the recruitment sector. A lot of organizations have tried to cope up with this pressure by re-strategizing their hiring and opted for downsizing on a large scale. This has resulted in lakhs of job losses and changed the employment dynamics completely. 

On the flip side, the pandemic has proved to be a boon for the industry as it has made people realize the need for unlearning and relearning. Upskilling became the need of an hour. Organizations strived to become more hybrids and preferred to opt for multifaceted candidates.

Come 2021 corporates have geared up to embrace this New Year with a lot of grit and a lot of hope. We have been interacting with a lot of top HR leaders and collected many interesting thoughts on how they wish to move ahead in 2021.  Below are some interesting trends that we are surely going to witness ahead.

The Rise of Freelancers and Gig Workforce

One of the most defining outcomes of the pandemic was the rise of the freelance economy in India and the fact that people have started to accept that freelancing can be a full-time profession as well. A report by ASSOCHAM has predicted that the gig economy in India will be approx. USD 455 billion by the end of 2023.

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