India – Jobs market to see boost in next six months as net employment outlook rises

India’s net employment outlook for the period from April to September increased to 95% from 91% in the preceding half-yearly period of October-March 2017-2018, according to the latest Employment Outlook Report from TeamLease, the largest staffing firm in India.

The net outlook of 95% is the highest level since the period from October-March 2016-17.

The FMCG (fast moving consumer goods), business process outsourcing (BPO), retail, IT-enabled services, media and entertainment and construction and real estate sectors are expected to drive hiring during the April to September period.

For the period from April to September, the outlook improved ineight out of 16 sectors and stayed neutral in one (power and energy sector) when compared to the previous period ended March 2018.

Rituparna Chakraborty, Co-founder of TeamLease, commented, “A majority of cities (five out of eight) have shown positive outlook towards hiring across hierarchy. Medium-sized businesses are the most optimistic and have reported a 5% improvement in hiring sentiment. These factors combined are expected to boost the job market.”

Data across hierarchy levels showed that the outlook for junior and mid-level jobseekers improved by 4%, while improving slightly for entry-level (2%) and senior level (1%) jobseekers when compared to the previous period.

Out of the eight cities surveyed, Mumbai (4%), Delhi (3%), Bengaluru (1%), Hyderabad (1%) and Pune (1%) are expecting growth. Meanwhile, a drop in hiring is expected in Chennai (-1%), Ahmedabad (-2%) and Kolkata (-3%).

TeamLease’s report also found that 96% of companies responded positively (saying hiring would increase from the previous half-year) while 1% responded negatively (saying hiring would decrease from the previous half-year) and 3% said there would not be any change in the volume of hiring from the previous half-year.

Source:: http://www2.staffingindustry.com/row/Editorial/Daily-News/India-Jobs-market-to-see-boost-in-next-six-months-as-net-employment-outlook-rises-46595