394819 SIP myths you must know!

The economic impact of the second wave of of the Covid-19 infections has been less severe in comparison to the first wave of the pandemic. The hiring activity had picked up momentum after the first wave and showed a significant recovery in February 2021. Even though the lockdowns weren’t as strict during the second wave, a pause in hiring activity may have been witnessed in March and April.

However, considering the current trends and the vaccination drive picking up pace, the hiring activity looks promising.

Flipkart has hired 23,000 people

Walmart-owned Flipkart has hired 23,000 people across the country in various capacities across its supply chain, including delivery executives, between March and May this year. Flipkart is also undertaking training programmes for its direct hires in various aspects of the supply chain by following strict safety regulations and protocols across its warehouses while also driving awareness on Covid-safety behaviour, a statement said.

Synechron to hire 2,000 professionals

IT firm Synechron is planning to add up to 2,000 professionals this year across its offices in Pune, Bengaluru and other cities. Synechron said it is witnessing huge growth in India, specifically in digital transformation initiatives across various BFSI (banking, financial services and insurance) clients. “This hiring plan is being strategised to fulfil the company’s strong growth and progression plans for its India operations in Pune, Bengaluru, Hyderabad, Mumbai, and Chennai. Additionally, Synechron will look at fulfilling open positions across the US, Europe, Middle East, and APAC regions,” a statement said.

Credit Suisse hiring over 1,000 IT employees

Swiss brokerage and investment bank Credit Suisse is hiring over 1,000 IT employees in the country this year, as part of establishing India as a global centre for its technology innovation. Already employing over 2,000 IT professionals, India accounts for nearly 25 per cent of the bank’s global IT staff, making it the largest footprint of any Credit Suisse locations globally, the brokerage said in a statement.

Growing optimism

As the economic activity revives, most organisations have rolled back pay cuts and bonuses.

Besides, with remote work becoming popular, decentralization of talent will also help boosting the recruitments, especially in the IT industry. According to Professional recruitment services firm, Michael Page India’s ‘Talent Trends 2021 Report’ released earlier this year, about 53 percent of companies in India looking to increase their headcounts this year.