3 out of 4 firms believe they can effectively hire employees remotely: CareerNet survey – Economic Times - Freelance Rack

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Wednesday, August 5, 2020

3 out of 4 firms believe they can effectively hire employees remotely: CareerNet survey – Economic Times

Bengaluru: Three out of four organisations believe they can effectively hire employees remotely, says a survey by CareerNet Consulting.

The study, titled ‘The Hiring Outlook in India’ reveals that companies from e-commerce, IT/ITeS, services, science and technology and telecommunications sectors exhibit a higher readiness (82%) for virtual hiring.

The novel coronavirus outbreak has profoundly altered the traditional structure of businesses across sectors and now, companies are embracing remote hiring. The survey says that more than half of the employers have partially active hiring plans for the next three months. In Q3, it is expected to gradually open. Also, 18% of organisations have active hiring plans for Q2 which increases significantly to 25% in Q3. Meanwhile, 18% companies that said their hiring is completely paused for Q2 gets reduced to 8% in Q3.

“The past three months has been a time of reflection and reprioritisation for businesses and have brought a new wave of change in the way businesses operate,” said Anshuman Das, CEO and co-founder, CareerNet Technologies. “The report suggests that the hiring momentum should touch pre-Covid-19 levels by April 2021, primarily driven by remote hiring. That being said, this would be at a lower base considering the downsizing over the last six months. The pandemic has also disrupted the academic calendar this year impacting the campus hiring process. We expect this to be more phased out and not concentrated on a few days. When the economic recovery begins, organisations will restart their plans.”

More than half the decision makers surveyed expect hiring to become fully active after January 2021. It is expected to take up to April 2021 for hiring to be at par with that of April 2020. Furthermore, 43% of organisations expect their hiring to become fully active from January while 12% expect it from April 2021.

While campus hiring will witness a decline in the overall hiring volume, it is not going to be very high. The campus hiring cycle this year is anticipated to be longer and not concentrated over a few days. A third of employers foresee no change from their original campus hiring plans, 36% of companies expect a decline in this year.

114 HR /talent acquisition decision makers were surveyed from companies across cities and sectors in the country.

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