Companies may resume hiring activity by April 2021: Report

Campus hiring is expected to remain subdued, as 27 percent of companies stated they had no plans to resume the activity, while another 39 percent said they are unsure.

Companies have indicated that hiring across the board, with the exception of campus recruitments, will resume by January 2021, a report by Career Net Consulting found.

In fact, 43 percent of companies that halted hiring due to the coronavirus pandemic said that they have already begun “selectively filling” positions that would become active in six months, The Economic Times reported.

“This seems to be a 15-16 month cycle and momentum should touch pre-COVID-19 levels by April 2020, at a lower base due to downsizing over the last six months,” Anshuman Das, co-founder of Career Net told the paper.

Close to 34 percent of Human Resource (HR) and talent acquisition team heads said they would hire this year. However, campus hiring is expected to remain subdued as 27 percent of companies stated they had no plans to resume the activity, while another 39 percent said they are unsure.