The knowledge process outsourcing sector will be the biggest gainer with 4 percent increase in hiring.
Hiring sentiments in the six months to September will see an improvement, according to the Employment Outlook Report (HY1 2018-19) by staffing firm TeamLease Services. Net employment outlook during the period is likely to rise to 95 percent, which is a 4 percent hike as compared to 91 percent for the October 2017-March 2018.
The report said that increase in GDP and optimistic economic growth is being attributed to positive hiring outlook.
The report surveyed 695 small, medium and large companies across 16 sectors in eight cities to understand hiring sentiments. According to the report, eight out of 16 sectors surveyed have indicated overall positive sentiments.
KPO to gain
Among sectors, it said that the knowledge process outsourcing (KPO) sector will be the biggest gainer with 4 percent increase in hiring. Other top sectors with incremental positive hiring were e-commerce and technology startups, financial services, media and entertainment, retail, BPO/ITeS, FMCG/D among others.
With a 4 percentage drop, agriculture and agro chemicals, and the telecommunications sectors would be the top laggards in the first two quarters, followed by healthcare and pharma, education services, manufacturing and engineering among others.
Overall, the recovery has been attributed to hiring in junior and mid-level roles, blue collar jobs, and sales and marketing profiles. Medium sized businesses are looking to hire employees in metro and tier-1 cities
Rituparna Chakraborty, co-founder and executive vice president, TeamLease Services said, “Asia-Pacific region has the most positive net employment outlook (62 percent) across global markets for the April-September period compared to October-March period of FY18. In fact, the positive hiring sentiment when benchmarked against global markets shows India to be ahead of the APAC (global leaders) by 33 percentages and ahead of Europe (global laggard) by 54 percent.”
The report highlights that Mumbai continues to top the list with 4 percent growth in positive outlook with Delhi close behind at 3 percent. Bengaluru, Hyderabad and Pune improved by 1 percent.Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.