THE OSCILLATION OF BARGAINING POWER - SWINGING BETWEEN EMPLOYER AND EMPLOYEES

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The Indian job market has seen a dramatic shift in recent years, with the advantage swinging between employers and employees. This whitepaper examines how job offer acceptance rates changed between 2021 and 2024 across different industries and job levels.

Key Findings:

• Economic Impact: The IT and Tech sectors, once heavily employee-driven, are now facing challenges due to global economic slowdowns.

• Experience Level: Junior and mid-level positions in all sectors have experienced fluctuations in hiring rates, while senior roles have remained steady or increased in demand.

• Industry Differences: The Functional/Non-tech sector has a more balanced employer-employee relationship compared to IT and Tech.
  

Implications:

To succeed in this changing talent market, companies need to:

• Tailor Strategies: Adjust hiring plans to specific employee groups.

• Build Employer Brand: Create a strong company image to attract top talent.
  

By understanding these trends, businesses can improve their hiring and retention efforts and stay ahead of the competition.

Download the full report for detailed data and practical advice.