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Long notice periods are back

  • Indian companies are reverting to extended notice periods of 2-3 months as a retention measure due to difficulties in sourcing candidates from the market.
  • The hiring frenzy of recent years led to shorter notice periods for swift onboarding, but now firms are returning to longer notice periods to groom replacements and ensure a smooth transition.
  • Industries like finance, pharma, insurance, retail, and healthcare are strictly enforcing extended notice periods to maintain business continuity and provide support to clients during transitions.

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