Demonetisation effects are fading away from the job market, hiring is going to shoot up by 50%

Recruitment firms are expecting to see a 50% jump in hiring in April-June quarter as the effects of demonetisation are fading away.

Experts say the situation will be better from the November and December months and companies have become positive about recruitment.

Many companies across several sectors had put hiring in hold due to cash ban.

"We will be back with a bang in the April-June quarter. Hiring will shoot up by as much as 50 per cent compared to demonetisation lows, led by agri-related industries. About 90 per cent of the recruiters we are speaking to are bullish on hiring," Joseph Devasia, managing director at executive recruitment firm Antal International, told ET.

The hiring will be almost at all levels, from entry to senior post.

"During November till mid-January, most companies had temporarily suspended hiring or put it on the backburner to firefight the immediate impact (of demonetisation) and meet revenue targets for the quarter and yearend. Those mandates are now coming back," Kris Lakshmikanth, CEO at The Head Hunters India, told ET.

Sectors such as payment banks as well as logistics will also be positive on hiring.

(Image: Thinkstock)