Companies have geared up to offer higher salaries and performance-based bonuses to job seekers.



With the festive season underway, bumper hiring has begun in key sectors such as retail, e-commerce, hospitality, and logistics.



Many large companies are using technology to screen a large number of resumes, identify the most qualified candidates immediately, and ensure an easy and quick hiring process.




Navneet Singh, founder of Avsar HR Services, said that some companies are using artificial intelligence (AI) and machine learning (ML) in the hiring process to hire quickly.




There is an expectation of further increase in demand for new jobs in the coming days.


There will be the highest demand for workforce.


In any case, the record of last year has already been broken.


Lifestyle and grocery retailers and quick service restaurants have hired around 64,000 people so far in 2023.



This is about 73% more than the financial year 2022.

Companies also ready to offer higher salaries and bonuses.

According to a report by job portal Indeed, 27% of company owners are offering increased earnings to employees during this festive season.



Companies have geared up to offer higher salaries and performance-based bonuses for job seekers, which are liked by most candidates.




According to the survey, 16% of job seekers like rewards and gifts, but only 9% of company owners are offering them.



Similarly, 14% of job seekers prefer performance-based appreciation, but only 8% of companies feel the same way.

Demand for diverse skill sets

During the festive season, companies need diverse skills.


For example, e-commerce companies need additional employees not only for order fulfillment but also for customer service and digital marketing.



For this, there is a demand for a versatile and adaptable workforce.



There is also a huge demand for gig workforce during this festive season.



In this case, workers can easily find opportunities that are suitable for their skills and schedule, and which are beneficial for both employer and employee.

Here are the Key takeaways :

** The festive season is a time of increased hiring activity in India.

 

** Companies are looking for a diverse workforce with skills in a variety of areas, including retail, e-commerce, hospitality, and logistics.




** Companies are also offering higher salaries and bonuses to attract and retain talent.

This is a trend that is likely to continue in the coming years, as companies compete for the best employees.