25 September, 2020

Blame It On COVID-19: How Fear of Job Losses, Pay Cuts Adding To Anxiety Syndrome

With opportunities shrinking given economic conditions, 90 per cent calls from recruiters are engaging in only exploration conversation

Blame It On COVID-19: How Fear of Job Losses, Pay Cuts Adding To Anxiety Syndrome

It’s something professional ‘headhunter’ Kamal Karanth wasn’t prepared for. Interestingly, in the last three weeks, he has noticed that the number of technology folk exploring new jobs has increased. “Ninety per cent of people who are getting calls from recruiters today are eng­aging in an exploration conversation,” says Karanth, co-f­o­under, Xpheno. In the past, only about half of those who got a call would be interested. He’s not sure why but reckons it’s a mix of two scenarios—either that some people are bored, confined to homes, and so wouldn’t say no to a conversation, or that some are anxious about job losses and pay-cuts and want to explore options. Of course, the job market is just a fraction of what it normally is, given the economic situation worldwide.

Some companies, he says, are using this time to build a pipeline. A Bangalore-based IT executive who says his firm has been on-boarding people ‘virtually’, even if some will only start work much later, concurs. But he also gets...



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