Hiring Outlook Weakens On Falling Rupee; Bad Days Ahead: Experts

New Delhi: Hiring outlook has weakened in most of the Asia Pacific region, particularly in India with the rupee falling against most currencies and experts are of the opinion that the worst is yet to come.

The weakening economy, inflationary pressures and falling rupee has had a detrimental impact on the companies' bottom lines, thereby creating uncertainty amongst companies and adversely impacting their talent management strategies.

"While most companies will not consider a reduction in workforce, they will decrease their hiring efforts by growing internal talent. As a result, young job seekers are likely to find themselves in an unconducive employment market," Towers Watson India Talent & Rewards Director Subeer Bakshi said.

Bakshi further added that most indices, research houses and experts believe that the worst is yet to come.

Amidst this tough business environment, companies are adopting a cautious approach to recruitment. According to experts, campus hiring are likely to suffer and companies are now adopting new hiring models based on a mixture of campus hiring, just in time hiring, lateral and global hiring.

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