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Companies bullish on their hiring plans

December 01, 2021

Companies bullish on their hiring plans
Organizations are bullish on their hiring plans this quarter on the back of easing of the pandemic-related restrictions and consequent e-commerce and retail sector performance, as indicated by a report. 

As per TeamLease Services’ Q3 hiring intent trends dependent on its platform data, the recruiting expectation for the October-December 2021 quarter remained at 41%, a 3 percentage point gain over the July-September 2021 quarter. 

Albeit the corporate labor force request has not contacted the pre-pandemic mark the constant quarter-on-quarter expansion in hiring intent, as mapped by TeamLease Services, points to significant business realignment to acclimate to advanced change needs, the report said. 

“The workforce number is expected to extend by 430 million around by December 2021,” the report noted. 

Even the salaries of professionals are overshooting, with average salary growth being 8.55 percent for IT profiles, 9.82 percent for deals profiles, and 10 percent for BFSI (banking, financial services, and insurance) and healthcare profiles.

“The hiring momentum is expected to support itself moving into the next quarter (Q4) and calendar year 2022,” the report said.
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