Employees reluctant to shift this April-June quarter

In job market parlance, the April-June quarter is usually considered springtime: the appraisal cycle is done and it's the beginning of a new financial year. But this year, half-a-dozen staffing and placement firms say winter just refuses to go away, Economic Times reported.

“In the first quarter, we generally see a 15-20 per cent growth, but this time we are flat. We are not bullish at all about the next few quarters and there is no indicator to say things will be better. We should gear up for jobless growth as both replacement and new hiring has stopped,” says Shiv Agrawal, managing director for ABC Consultants.

Read the full report here