KEY FINDINGS OF Employment and Business Outlook Report

  TeamLease Service

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

Ø   The April to Septemper 2014 HY1 sees a sentiment boost with upbeat organizations expecting business (outlook grew 4 %) and employment (outlook grew 5 %) to grow at a brisk pace.

Reason for this optimistic outlook includes the results of the impending elections & fresh sector specific policies a new regime is expected to usher in.

Ø   Top gaining cities in employment outlook trends include Mumbai (up 4 %), Bangalore (5 %) and Ahmedabad (4 %) while Delhi (4 %) is projected to have an upswing in its business outlook trend.

Losers include Kolkata & Chennai (both down 1% on employment outlook), Hyderabad (down 2% on employment outlook) and Pune/ Chennai (down 2 % on Business Outlook).

Ø   Healthcare & Pharmaceuticals (up 5 % and 4 % on Employment and Business Outlook, respectively) and Financial Services (up 4 % and 5 %) lead growth across both the trends. Infrastructure would witness a significant rise (4 %) in its business outlook. ITeS stands to lose quite significantly (4 %) on business outlook.

Ø   Hiring across entry and junior levels of hierarchy is going to pick up (moderately: 2 % and 3 % respectively). A lot of the functional areas report growth in their respective intent; with hot favourites being Sales / Marketing / Customer Service (up 5 %) and Engineering (up 4 %). Across most geographic levels, the growth in hiring intent is incremental.

Ø   Top 3 sectors (by city) in terms of employment outlook growth are - 

o Mumbai: Telecom (3 %) / Healthcare & Pharma (2 %) / Financial Services, IT (1 % each)

o Delhi: Infrastructure, Manufacturing & Engineering, Healthcare & Pharma (2 % each)

o Bangalore: IT (3 %) / Financial Services, Infrastructure, Healthcare & Pharma, Telecom (2 % each)

o Chennai:  IT, Retail & FMCG, Manufacturing & Engineering (2 % each)

o Kolkata: Manufacturing & Engineering (2 %) / Retail & FMCG, IT (1 % each)

o Pune : Infrastructure (2 %) / Healthcare & Pharma, Financial Services(1 % each)

o Hyderabad: ITeS, Retail & FMCG, Healthcare & Pharma (1 % each)

o Ahmedabad: IT (3 %) / Retail & FMCG, Infrastructure (2 % each)

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