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.