Hyderabad: Hiring activity is gathering pace in services as well as product companies, two HR professionals involved in the recruitment process told ETV Bharat.
Higher demand for virtual transactions, suitable regulatory changes and growing confidence in the business sentiment are some of the factors driving hiring activity.
“The Banking, financial services and insurance (BFSI) sector had to adapt rapidly during the pandemic to ensure business continuity. So we can look forward to recruitments in technology, product development, business intelligence and analytics, and customer services, as these form the backbone of the changes taking place,” said Sriram V, CHRO, BankBazaar.com.
BankBazaar.com, which is a major online financial services company in the country, has recently announced that it will hire 500 people by next March.
Attributing the growth in the business to Digital KYC, Sriram said: “In the midst of the lockdown and after, Digital KYC contributed significantly to ensuring credit products availability, especially credit cards and personal loans.”
It may be recalled, the Reserve Bank of India (RBI) last January allowed video-based KYC (Know Your Customer) as an option to establish a customer’s identity.
Echoing similar sentiment, Kiranmai Pendyala, Head of Human Resources, India at Western Digital said: “We have been hiring steadily. In fact, we have already visited (virtually) many campuses and hiring about 400 members. For a product-oriented R&D company like us, this number is quite huge.”
“We are hiring at all the levels – be it the junior, mid and senior levels. It clearly shows that value-added work is happening in the organisation and we are confident that we continue to hire at the same pace in the future,” she concluded.
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