According to a recent survey, hiring activity is likely to remain steady in 2020-21 as companies will focus on replacement hiring followed by new recruitment, providing more job opportunities for freshers.
The survey further presents that almost 58 per cent employers have a positive outlook on hiring, while only 10 per cent of employers said layoffs are on the cards and only a few employers have a negative outlook on hiring in this financial year.
According to the ‘8th Hiring, Attrition and Compensation Trend 2019-20’ survey by Genius Consultants, the northern zone will provide most opportunities for job seekers, followed by other regions.
The survey further revealed that around 67.52 per cent respondents believe that women hiring will be impacted owing to the amendment to the Maternity Benefit Act 1961 that protects the employment of women during the time of her maternity and entitles her to ‘maternity benefit’.
“The overall industry sentiments showcase a positive outlook of the market. The hiring scenario looks encouraging with negligible staff reduction and no hiring policy of the companies,”