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Fresher hiring to see 10% rise during Oct`15- Mar`16: Report
The employment sentiment for the second half of the current fiscal stood at 89 percent, an increase of 3 basis points over the previous half-year forecast.
New Delhi: Corporate India's hiring sentiment has got a boost from renewed confidence in the government along with favourable economic growth forecast and fresher hiring is likely to see a 10 percent rise in the remaining six months of this fiscal, a report says.
According to TeamLease Employment Outlook Report, entry-level talent would be the biggest gainer in the current half year and fresher hiring is expected to witness a 10 percent rise during October 2015 to March 2016.
"With both the push and pull factors aligned towards growth, employers are becoming keen to invest in talent acquisition. In fact, the overall sentiments have stabilised this time and we are confident that it will translate into action on ground as well as over the next six months," TeamLease Services Senior Vice President Kunal Sen said.
The employment sentiment for the second half of the current fiscal stood at 89 percent, an increase of 3 basis points over the previous half-year forecast.
Modest growth in outlook is seen across sectors, most notably in information technology, infrastructure and health and pharmaceuticals.
"From a sectoral perspective, while e-commerce leads the pack with more than 84 percent of the respondents indicating an increase in hiring, infrastructure, IT, pharma and healthcare are also contributing significantly to the employment growth," the report added.
According to Teamlease, talent in infrastructure is likely to be the chief benefactors of the 'Make in India' initiative as the sector is likely to add around 17 million jobs by 2025, up from the current level of about 7 million.
Except Delhi most of the cities are exhibiting optimism in business and hiring outlook. With a 5 and 2 point increase in hiring sentiment and job growth respectively, Bengaluru continues to retain its top slot.
The report noted that hiring is still largely clustered in the metros, and rural areas are catching up though at a slower pace.
"Amongst functional areas, information technology, engineering, office and blue collar staff continue to dominate the demand landscape," the report added.