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Employment outlook at three year high, small business drive hiring sentiment: TeamLease Employment Outlook Report

By   /  May 11, 2016  /  Comments Off on Employment outlook at three year high, small business drive hiring sentiment: TeamLease Employment Outlook Report

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Mumbai: The Net Employment Outlook improves by 4 percentage points to 93 for April-September 2016 (H1 2016) and the Net Business Outlook goes up to 95, three percentage points more than the previous half year, as per TeamLease Employment Outlook Report – HY-1, 2016-17. The net employment outlook for October-March 2015 was 89. Consumer sentiment and spend powers hiring sentiment, notwithstanding a tinge of negative sentiment with the Make in India initiative in the Manufacturing and Engineering and the Infrastructure sector.

Net employment outlook is the difference between the number of respondents who are inclined to hire and the number of respondents who are disinclined, over the six months that the survey covers. The outlook is expressed as a percentage of the total number of respondents.

Small businesses drive hiring sentiment

Small businesses (69, up 5 points) in cities – Metros and Tier-1 (97, up 4 points) – drive Employment Outlook and this is likely to up Entry level hiring significantly (70, 5 points up). Blue Collar (74, 9points up), IT (85, 6 points up), Sales (94, 4points up) and Marketing (78, 3 points up) jobs are likely on offer.

Ecommerce and Tech Start-ups (2 points up, 23.6% job growth), FMCG (3 points up, 11.4% job growth) and Telecommunications (3 points up, 10.13% job growth) grow marginally in a routine show by sectors. Healthcare and Pharmaceuticals (2 points up, 14% job growth), Retail (2 points up, 14.4% job growth) and Information technology (2 points up, 14.2% job growth) follow a couple of rungs down.

The top three sectors (by city) in terms of employment outlook growth are:

  • Mumbai: Healthcare &Pharma (4%) / Telecom (3%) / Information Technology (3%)
  • Delhi: Healthcare &Pharma (8%) / Retail (4%) / Infrastructure (4%)
  • Bangalore: Retail (6%) / Financial Services (5%) / Healthcare &Pharma (3%)
  • Kolkata: Financial Services (4%) / Healthcare &Pharma (4%) / Infrastructure (3%)
  • Chennai: Manufacturing & Engineering (6%) / Telecom (3%) / Retail (3%)
  • Pune: Financial Services (6%) / Healthcare &Pharma (5%) / Manufacturing & Engineering (4%)
  • Hyderabad: Infrastructure (3%) / Telecom (4%)
  • Ahmedabad: Infrastructure (6%) / Telecom (4%) / Retail (3%)
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