India Inc hiring outlook up: TeamLease

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SummaryIndian employers are optimistic about their hiring prospects in the October-December quarter: survey

Indian employers are optimistic about their hiring prospects in the October-December quarter led by retail and healthcare sectors which are the prime movers behind the upswing, says a survey.

According to staffing company TeamLease, for the coming three months the overall net employment outlook index gained by 3 points and stood at 77, notwithstanding sluggish trends in business sentiment.

"While the previous quarter witnessed non-uniformity in the employment outlook, the current quarter seems to provide a slightly different view," TeamLease Services Senior Vice- President and Co-Founder Sangeeta Lala said.

The report noted that while business sentiment is still not buoyant, companies would like to hire the right talent to maintain their growth trajectory.

"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," Lala added.

The TeamLease Employment Outlook Report is released every quarter after a survey conducted with HR managers and senior management of leading companies in India covering 640 companies.

From a sector perspective, retail and healthcare and pharma have registered an increase of three and two points, respectively, resulting in the overall improvement in hiring sentiments.

"The upcoming festive and year-end season could be one of the obvious reasons why Retail and FMCG sectors have shown an uptick in hiring sentiments," the survey said.

On the hierarchical front, the report forecasts a surge in the entry and junior level hiring companies are quite apprehensive about campus placement.

According to the report, most of the large companies, especially IT MNCs, are stressing on off campus placements to fulfill their talent requirement as it significantly reduces the waiting period.

The IT sector is seen to have begun bolstering its sales force for demand generation and to defend falling pricelines.

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