This is probably the most easy and straightforward option. In circular dependency, if constructor injection creates a circular reference, you can defer the DI in the setter method. This allows Spring to load a bean context without any issues. The updated code would be as follows:

@Component("employee")
public class Employee {
  private HRService hrService;
  @Autowired
  public void setHrService(HRService hrService) {
    this.hrService = hrService;
    System.out.println(" HRService dependency is set ");
  }
}

@Component("hrService")
public class HRService {
  private CommonUtilService commonUtilService;
  @Autowired
  public void setCommonUtilService(CommonUtilService commonUtilService) {
    this.commonUtilService = commonUtilService;
    System.out.println(" CommonUtilService dependency is set ");
  }
}

@Component("commonUtilService")
public class CommonUtilService {
  private Employee employee;
  @Autowired
  public void setEmployee(Employee employee) {
    this.employee = employee;
    System.out.println(" Employee dependency is set ");
  }
}

All dependencies are set in the setter method with the @Autowired annotation. Spring will create instances of all three beans first and will then set them with the setter method.