FMCG cos to hire more in Q3: TeamLease

Sep 17 2012, 20:01 IST
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SummaryStaffing solutions company TeamLease Services today said the weak growth sentiment is unlikely to affect the FMCG companies hiring requirement for the coming quarter.

Staffing solutions company TeamLease Services today said the weak growth sentiment is unlikely to affect the FMCG companies hiring requirement for the coming quarter.

Hiring sentiment has registered a three point increase indicating a positive outlook for the coming quarter, according to TeamLease Services employment outlook report for the third quarter.

"While business sentiment is still not buoyant, companies would like to hire the right talent to maintain their growth trajectory. The coming festive and year-end season could be one of the obvious reasons why retail and FMCG sectors have shown an uptick in hiring sentiments," it said.

In its forecast for hiring across various sectors, the report expects a surge in the entry and junior level hiring, though companies are shying away from campus recruitments.

"The IT industry which is witnessing improved hiring sentiment accompanied by a decline in attrition rates. The sector is seen to have begun bolstering its sales force for demand generation and to defend falling price lines. Most of the large companies, especially foreign IT companies, are stressing on off campus placements to fulfil their talent requirement as it significantly reduces the waiting period," the report said.

The study covered 640 companies and TeamLease Services senior vice-president and co-founder Sangeeta Lala said, "while the previous quarter witnessed non-uniformity in the employment outlook, the current quarter seems to provide a slightly different view.

"Business optimism has surely lost some of its sheen, but hiring has not reduced significantly. Job creation in India continues amid talks of lay-offs and employee rationalisation. Sector-specific trends could be attributed to this overall increase."

In its city-wise review, the report noted that Mumbai recorded the lowest attrition , while in the national capital region it remains a cause of concern.

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