Replacement Hiring News Today

Both new hires, at 79%, and replacement hires, at 74%, are occurring rapidly, indicating a flourishing labour market in the country.

In the past, the confidence of Indian talent was driven by buoyancy in hiring; now, it is about replacement hiring, said Anil Ethanur, co-founder of specialist staffing company Xpheno.

IT firms trying to improve cost efficiency by cutting annual hikes, variable payouts and slowing the pace of replacement hiring