Indian firms bullish on hiring

Indian businesses have bullish hiring plans and are investing in their workforce as they look to rebuild from the pandemic, says a survey.

According to HSBC’s Future of Work survey, which covered 2,130 business leaders globally, including over 219 respondents in India, hiring is a key focus area for economic recovery amongst Indian firms.

The biggest hiring spree is expected from Indian (joint highest with Mexico) firms as 80 per cent of the surveyed businesses expect to increase their full-time employee base over the next 12 months, the survey said. The pandemic also impacted the benefits offered by corporates to its employees.

The top three offerings by the surveyed Indian businesses to its employees during the pandemic include flexible working hours (52 per cent), improved health insurance (49 per cent), and guidance and resources for well-being (49 per cent).

With the impact of the pandemic ebbing away and an economic recovery on the cards, businesses are gearing up for growth. This positive sentiment is evident as businesses are investing in hiring and up-skilling their workforce, said Rajat Verma, Head of Commercial Banking, HSBC India.

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