Over 63 per cent of respondents said their companies are either freezing hiring or downsizing teams with another 15 per cent noting a visible shift towards contract-based or freelance roles as the geopolitical tension escalates, the report by staffing solutions and HR services provider Genius Consultants has claimed.
The report is based on an online survey among 2,006 employees from across sectors in the country from May 12 to June 6.
Over 21 per cent said there is an increase in workload pressure and project timelines while 22 per cent reported that international business exposure or travel is disrupted, and 21 per cent stated that team morale and job confidence are taking a downturn, it added.
The report said that 30 per cent of employees admitted that they are extremely worried and are already witnessing early warning signs while 26 per cent described themselves as mildly concerned and closely monitoring the situation.
In such a scenario, the survey found that employees are taking action, with 55 per cent of respondents upskilling or enrolling in new certifications, and 31 per cent starting to explore new job opportunities or backup roles.
“Employers must remain transparent and adaptive, while employees continue to stay resilient, agile, and prepared for the road ahead,” Genius Consultants Chairman and Managing Director RP Yadav added.
