According to TeamLease Employment Outlook (July- Sept, 2021), the hiring trends that took a beating and sunk by 86 percentage points from the previous half-year are showing signs of gradual improvement since Unlock 1.0. The report also says that the intent to hire freshers has increased by 7 per cent in the current quarter.
Further, the intent to hire junior-level staff is also on a positive trajectory, indicating that the second quarter of this fiscal year is expected to be dominated by volume hiring, the report said.
Rituparna Chakraborty, Co-Founder & Executive Vice president, TeamLease Services, said, “Most of the industries seem to have overcome the impact of second-wave and are moving towards growth. In fact, the focus of industries on profiles that are at the execution level is an indication that businesses have got their strategy as well as plan in place and this trend of positive momentum is here to stay.”
“The festive season is round the corner and most of the sectors would want to put the season to maximum use and this also a reflection why there is a significant rise in demand for freshers and junior talent,” Chakraborty added.
According to the report, the growth in the GST collection, e-way bills, vehicle registrations, electricity demand, rail freight, and petrol consumption seems to indicate that the economy has started to recover from the impact of the second wave and this seems to be having a ripple and positive impact on the hiring sentiments as well.
The survey covered 661 small, medium, and large companies across 4 geographical areas (metros, tier-1, tier-2/3 and rural), 4 hierarchical levels (entry, junior, mid, and senior levels), and 7 functional areas (sales, marketing, information technology, engineering, office services, human resources, blue-collar).
The TeamLease report reflecting out of the 21 sectors analyzed barring travel and hospitality, all the other sectors are having a positive impact on business so will boost the hiring intent.
The sectors that are leading in hiring intent are Healthcare & Pharmaceuticals, Information Technology, Educational Services, Ecommerce & Technology startups, Fast Moving Consumer Goods, Agriculture & Agrochemicals, Retail-Essential, Logistics and Manufacturing, Engineering & Infra.
The Telecom sector is also seeing a rise in intent to hire with a 15 percent increase since Unlock 1.0.
With regard to geography, Bengaluru leads the way with respect to hiring people. The other cities that will contribute to the positive hiring sentiments are Delhi, Hyderabad, Chandigarh, and Mumbai.
The locations like Chennai, Nagpur, Coimbatore, Kochi, and Indore are among the cities with the least intent to hire.