'Hiring in IIT, IIM indicate recovery in formal economy', sa

'Hiring in IIT, IIM indicate recovery in formal economy', says Teamlease


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 hiring efforts in Q3.

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