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Manufacturing will lead the way with an increase of 25% in hiring intent, underscoring a positive outlook for industrial expansion, while automotive industry will witness a 20% surge in hiring intent, reflective of the sector's anticipation of increased demand, according to the report.
The job market in India is expected to remain stagnant in the October-December quarter, with hiring intentions remaining stable compared to the previous quarter. Around 49% of employers surveyed said they planned to hire more people, while 12% expected a decrease in hiring.
The city is suffering a decline in terms of year-on-year comparison as well, with hiring intent up to 68% last year. However, Bengaluru companies still have the highest hiring intent for freshers in the country, followed by Mumbai at 61% and Chennai at 47%.
As per a recent TeamLease report, close to 64 per cent of employers in Q1, FY23, compared to 54 per cent in Q1, FY22, are keen to increase their resource pool across industries.
Demand saw an uptick after the pandemic with large firms (79 per cent), medium-sized firms (45 per cent) and small firms (57 per cent) mustering a strong hiring intent.