Synopsis
Vaccination will play the most crucial role in economic recovery, keeping businesses and hiring plans on agrowth path, said business leaders and job market experts.
Job seekers can hope for better days ahead as India Inc’s ‘intent to hire’ in July-September marks its highest level in the past 15 months, according to a survey of 700 small, medium and large companies across 21 sectors.
The latest TeamLease Employment Outlook Report, shared exclusively with ET, showed that 38% of the companies surveyed intend to hire in this quarter, up from 34% in April-June, despite fears of a possible third wave of the Covid-19 pandemic.
Updated Apr 14, 2021 | 21:13 IST
Eight out of 21 sectors reviewed by human resource management firm TeamLease are likely to see a 9-11% rise in hiring activity in April-June quarter Hiring likely to increase 7% if lockdowns, curbs not imposed, says report | Photo Credit: BCCL
Despite skyrocketing Covid-19 cases, hiring activity is likely to increase by 7% in the April-June quarter as compared to the previous quarter ended March 31 if no further lockdowns and curbs are introduced. New hiring is likely to be driven by healthcare, pharmaceuticals, educational services, e-commerce and technology start-ups and IT.
According to the TeamLease Employment Outlook Report, eight out of 21 sectors reviewed are likely to see a 9-11% rise in hiring activity in the current quarter.
Hiring to grow by 7% in April-June if further lockdowns not imposed: Report indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Updated Dec 10, 2020 | 13:41 IST
The Teamlease Employment Outlook Report for Q3: (October –December 2020-21) reveals that the overall intent to hire metric seems to have turned the corner. Manish Sabharwal, Chairman & Co-Founder, Teamlease Services
Mumbai: As the economy opens up, the good news is that sectors across the board are seeing a pick-up in hiring. The Teamlease Employment Outlook Report for Q3: (October –December 2020-21) reveals that the overall intent to hire metric seems to have turned the corner and Metro and Tier-1 cities are likely to benefit significantly from the unlock initiatives.
The report goes on to say that the intent to hire metric to witness a noticeable 3 per cent increase over the October-Dec quarter and small businesses will see near-doubling of hiring intent over the previous HY. In fact, the report suggests that large and medium-sized businesses that are saddled with inventory are expected to significantly up hiri