TeamLease Services, India’s largest composite staffing
company, recently released the Employment and Business Outlook Report for the
half year (HY1) period from April to September 2014.
All comparisons to previous half year
period from October 2013 to March 2014
Rituparna
Chakraborty, Senior Vice-President & Co-Founder, TeamLease Services, says, “Good tidings are anticipated for the Indian
economy and this is obviously going to reflect on job creation. The overall
sentiments have significantly improved this time around and we are confident
that it will translate in to action on ground as well over the next 6 to 12
months.”
Looking at
hiring from a sector perspective, IT recovers (3 %) after witnessing a gloomy
outlook in the previous half year (HY2). Telecom sees growth (3%) after a flat
outlook in HY2. Manufacturing & Engineering (-2%) and ITeS (-1%) continue
to have a negative hiring sentiment like in the previous half year. Following
an exuberant sentiment in HY2, the trend reverses in Retail/FMCG as the hiring
outlook sees a marginal decrease (2%) in the coming half year.
City wise drill
down indicates most cities having a positive hiring outlook in the forthcoming
half year (HY1). Bangalore (5%) and Ahmedabad (4 %) continue to see a boost in
their outlook as in the previous half year (HY2). Mumbai has gone past the
stable sentiment of HY2 and sees a substantial growth (4 %) in HY1.
New Delhi and
Pune observe an increase (3 % each) in hiring outlook during HY1. Hyderabad (2
%), Kolkata and Chennai (1 % each) witness a slight dip in sentiment over the
previous half year.
The TeamLease
study also indicates that entry and junior levels make a comeback in the coming
half year HY1 as they witness a marginal increase (of 2 % to 3 %) in their
hiring intents. However, middle levels that were popular in the previous half
year HY2 with a significant growth in intent lose a bit (about 2 %) in HY1.
Furthermore,
more organizations are opening up to attributing terminated-wrong-fit
engagements to attrition.
TeamLease
releases the Employment Outlook Report at regular intervals after a survey
conducted with HR managers and senior management of different companies in
India. The study, which covered 614 companies in the latest round, focuses on
the employment growth potential, the business outlook and hiring forecasts with
relation to the location and the company profile.
The report serves as a
reference manual to corporate houses to understand the employment trend in the
present market scenario at major cities across the country. TeamLease has
commissioned noted analytics solutions provider inTouch Analytics (www.be-in-touch.com) to conduct the study.
About TeamLease
Services Pvt. Ltd..
TeamLease
Services (TeamLease™), India's most composite staffing solutions company, has
given jobs to more than 10 lac youth over the last ten years and emerged as one
of India's largest private sector employers.
The company
currently has over 85,000 employees on its rolls, in over 1,400 locations
across India, working for more than 1200 clients. TeamLease serves its clients,
employees and candidates through a network of offices, a nationwide toll-free
helpline, online employment exchanges in partnership with state governments,
the web (www.teamlease.com), a host of employability initiatives such as
assessments, training and counselling and through its wholly owned subsidiary IIJT
Education.
| Bangalore |
TeamLease Services Pvt Ltd.,
6th Floor, BMTC Commercial Complex, 80 ft Road, Koramangala, Bangalore - 560 095
Karnataka.
Telephone No. +91-80-3300 2345
Fax: +91-80-3324 3001 |
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