Business »  Topic »  Hiring to take a severe beating, as the country goes into lockdown mode

Hiring to take a severe beating, as the country goes into lockdown mode


As the nation braces to take on the massive cost ($120 billion) of the 21-day national Covid-19 lockdown, staffing and headhunting firms are preparing to face the worst.

The hiring outlook for the first half of the upcoming fiscal year 2021 is dismal, considering that all hiring of temporary and permanent employees has ground to an abrupt halt.

“Recruitment cycles are typically a 100-120 days cycle. The January-March 2020 quarter was a total right off for us because some who were given offer letters are reluctant to quit their current jobs because of the uncertainty by the Covid-19 shutdown. For ...


Read the full text thehindubusinessline