season also, though only for extremely short periods and not as a sustained requirement."
"With the festive season in full swing, I feel the overall hiring across all sectors would go up by at least 5-10 per cent," Champion Computers MD Kapil Wadhwa said.
The festive season is the time when many organisations dole out bonuses to employees. This year, given the slowdown, bonuses maybe reduced or deferred as companies focus on sales and marketing, experts say.
"Since many firms are moving to a performance-based compensation, bonus to employees as a component seems to be done away with at many organisations," Society for Human Resource Management India Knowledge Advisor Mamta Kanuga said.
According to Simi Dean, Senior Manager, Talent Acquisition, Top Gear Consulting, companies are not doing so well in the current economic scenario, but they may still try to give a good bonus packages to retain employees.
"Employees expect to be given bonuses as a ritual and companies avoid denying them even if it is going through a financial turmoil as it leads to a dip in the morale of its employees," Bristlecone VP Global HR & Talent Management Ritu Mehrotra said.