Navigating Uncertainty: What to Do After a Hiring Freeze and a Proposed Offer from Paytm

Dear Reader,

Thank you for reaching out with your question. It's a challenging time for many, especially when waiting for an offer from a reputable company like Paytm and facing a hiring freeze. Let’s break down the issues and explore your next steps.

Understanding the Current Hiring Climate

Despite receiving a proposed offer from Paytm, you’ve been left waiting for the official offer letter for an extended period—23 days at the time of writing. This delay is not uncommon as the job market in India faces severe financial constraints, leading to hiring freezes for several firms. As an SEO specialist, my experience suggests that such freezes are likely to persist until February or March, as the economy stabilizes and conditions improve.

Steps to Take Moving Forward

1. Move On from Paytm - While it’s frustrating, it's essential to pivot your focus. Companies have a myriad of reasons for stalling on offer letters, ranging from administrative delays to broader economic issues. Instead of waiting, start applying to other positions that align with your skills and experience.

2. Refine Your Job Search Strategy - The current job market is highly competitive, and securing a position isn’t just about having a great résumé. Ensure your CV includes relevant keywords that match the job descriptions you are targeting. Additionally, tailor your cover letters to reflect why you are the perfect fit for each role.

3. Follow Up Promptly - Contact Paytm to inquire about the delay and request an update on the status of your offer letter. If you receive a response and assurance, great! If not, assume you won’t receive the letter and move on. Persistence is key in job hunting, but it’s equally important to set realistic expectations and maintain a positive outlook.

Preparing for the Next Steps

At this juncture, your focus should be on your personal well-being and financial stability. Here are some practical steps to take:

1. Explore Other Opportunities - Actively seek out new job opportunities. Update your online profiles (LinkedIn, Indeed, Glassdoor) with your latest experiences and achievements. Leverage your professional network and job search platforms to find openings in your desired field.

2. Enhance Your Skills - Consider acquiring new skills or upgrading existing ones to enhance your marketability. Online courses and certifications can provide you with enhanced competencies that make you a more attractive candidate.

3. Stay Updated and Flexible - The job market is dynamic, and sectors like hospitality and sports may face prolonged closures due to social distancing requirements. Stay informed about industry trends and remain flexible in your job search to target sectors that are more resilient during these challenging times.

Stay Positive and Proactive

Remember, while you wait out the hiring freeze, you can continue to move forward in your career path. If you are unable to secure immediate employment, investing time in improving your skills and expanding your network can pay off in the long run.

If you need any assistance or guidance, feel free to reach out. I offer services in CV/resume development, cover letter development, interview skills coaching, job search strategies, and business communication skills coaching to help professionals like you navigate through these challenges.

I wish you all the best as you embark on this journey.

Best,
Kaushik
Founder at Kommunique Learning
Previously Director of Talent at Accenture MY, Deloitte US