As winter creeps in, India’s frosty job market, among the worst in the country’s history, finally seems to be warming up. Campus placements signal green shoots.
The turning tide is discernible on multiple counts: quantum of job offers, salary levels, diversity of recruiters, continental spread and the number of pre-placement offers (PPOs).
“This is a year of reset. At no point in India’s history have so many disruptive factors converged to shake up the corporate sector. It has had a significant impact on the job market,” says Pankaj Bansal, cofounder, PeopleStrong. Delayering is one big trend that Bansal notices where the number of levels in corporate hierarchy has halved from five-six to three, making many mid-level positions redundant. Digital disruption is a constant theme.
This article was published on Economic Times
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