Subscribe

0

Partner Spotlight

Cheer Returns To Job Street: Teamlease

author-image
DQC News Bureau
New Update

Team Lease Services has released its latest Employment Outlook Report for the
period April—June 2010. According to the report, the first quarter of 2010-11
will witness a gradual but sure advent of aggressive hiring. The Employment
Outlook for the quarter has jumped from 11 percent to 58 percent. The Business
Outlook is also up by 15 percent, and currently stands at 56 index points. Among
the sectors covered, it has been seen that there is an increase in index points
of all sectors except Infrastructure and Telecom. Healthcare/Pharma (with 72
points) has the highest index points followed by IT (with 69 points). According
to the report it has also been observed that the intention to hire has increased
(highest at Middle level) across all levels, except entry level. Besides this,
there has also been an increase in the intention to hire across all functions,
except marketing and customer service.

Advertisment

According to Rajesh AR, VP, TeamLease Services, "Industry seems to have
turned the corner and intends to hire aggressively. The recovery in sentiment is
smart, comprehensive and widespread, the jump in hiring sentiment is shared
across geographies and across most sectors. The improvement in sentiment has
been studied and gradual over the past percent quarters, giving us sufficient
reason to believe that it is here to stay. Although global economy concerns
persist, as far as the employment scenario in India is concerned, the cheer has
spread and the good times are back."

TeamLease releases the Employment Outlook Report every quarter after a survey
administered to the HR heads, CEOs and Senior Management of leading companies in
India. The study, which covered 513 companies in the latest round, focuses on
the employment growth potential, the business outlook and hiring forecasts with
relation to the location and the company profile. The report serves as a
reference manual to corporate houses to understand the employment trend in the
present market scenario at major cities across the country.

CITY HIGHLIGHTS

Bangalore (current Apr — Jun 2010)

Bengaluru (previous Jan — Mar 2010)

  • The city has seen an increase in the Net Employment
    Outlook by 14 points

  • The business Outlook has also increased by 27 points.

  • Financial Services is leading the employment growth as
    well as the Sector wise growth followed by Health and Telecom

  • Bengaluru has seen the maximum increase in the Net
    Employment Outlook by 23 points.

  • The business outlook is up by 7percent.

  • Telecom, Infrastructure and Healthcare & Pharma sectors
    are leading the employment growth followed by IT.

Mumbai (previous Jan — Mar 2010)

Mumbai (current Apr — Jun 2010)

  • The Employment Outlook for the city has plummeted by 10
    points and stands at 41.

  • The Business Outlook has also dipped by 4 points to 21.

  • IT leads the employment growth in the city at 9 points
    followed by Infrastructure at 8 points.

  • The Employment outlook of the city has risen by 8 points
    after witnessing a dip of 10 points last quarter.

  • The Business Outlook has also zoomed by 21 points.

  • ITES leads the employment growth in the city followed by
    IT.

New Delhi (previous Jan — Mar 2010)

New Delhi (current Apr — Jun 2010)

  • The Net Employment Outlook has plummeted by 24 points and
    currently stands at 35 points.

  • The Net Business Outlook has also dipped by 4 points and
    currently stands at 21 points

  • IT (9 points) followed by Infrastructure (6 points)
    sectors are the biggest contributors for Employment Growth in the city.

  • The Net Employment Outlook has increased by 8 points and
    currently stands at 43.

  • The Business Outlook has also increased by 4 points.

  • The biggest contributors to Employment Growth in the city
    are FMCG, Retail and Healthcare.

  • Infrastructure has shown a negative growth.

Hyderabad (previous Jan — Mar 2010)

Hyderabad (current Apr — Jun 2010)

  • The city has seen a decline of 22 points in the Employment
    Outlook, and currently stands at

    54 points.

  • The Net Business Outlook is also gone southwards. It is
    now standing at 35 points.

  • The city has seen an increase of 3 points in the
    Employment Outlook, and currently stands at 57 points.

  • The Business Outlook for the city has increased the
    maximum among the cities by 28 points.

Pune (previous Jan — Mar 2010)

Pune (current Apr — Jun 2010)

  • Pune has jumped up by 50 points, when it comes to
    Employment Outlook.

  • The Business Outlook of Pune has also seen a jump of 63
    points .

  • The biggest contributors to the Employment growth are IT
    and ITEs

  • The Employment Outlook for Pune has grown by 5 points.

  • The Business Outlook has seen a dip by 2 points, but
    remains one of the highest in the country.

  • IT, ITEs and Infrastructure are the biggest contributors to Employment
    growth.

Kolkata (previous Jan — Mar 2010)

Kolkata (current Apr — Jun 2010)

  • Net Employment Outlook has increased by 13 points and
    currently stands at 47 points

  • Net Business Outlook has also increased by 19 points and
    currently stands at 58

  • Infrastructure is the biggest contributor to Employment
    growth followed by M&E and Pharma

  • The city has seen an increase of 16 index points in the
    Net Employment Outlook.

  • The Business Outlook is up by 20 points.

  • Healthcare & Pharma (22 points) is the largest contributor
    to the Employment outlook of the city, followed by ITEs.

Ahmedabad (previous Jan — Mar 2010)

Ahmedabad (current Apr — Jun 2010)

  • The city witnesses a decrease of 4 points in the Net
    Employment Outlook in this quarter.

  • The Business Outlook has also increased by 15 points and
    currently stands at 31.

  • Retail, Media & FMCG followed by Health are the contributors to the
    Net Employment Outlook.

  • The Business Outlook has increased by 28 index points. One
    of the highest in the country.

  • Healthcare & Pharma are the biggest contributors to the
    employment growth, followed by Financial Services.

  • Healthcare & Pharma and ITES are the largest growing sectors.

Chennai (previous Jan — Mar 2010)

Chennai (current Apr — Jun 2010)

  • The Net Employment Outlook stands at 54 points.

  • Net Business Outlook currently stands at 60.

  • Healthcare is the biggest contributor to Employment
    growth.

  • The Net Employment Outlook currently stands at 64 points.

  • The Net Business Outlook has seen an increase of 9 points
    and currently stands at 69.

  • Telecom is the biggest contributor to Employment growth.
Advertisment