Job Hiring Outlook Looks Better Than the Last Two Years: Survey

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    A survey reveals that the outlook for job hiring has improved in India from a significant increase in the number of employers generated due to a healthy economic growth in the current year.

    As per the TeamLease Employment Outlook Report, for the period of April-September 2018-19, the outlook for net employment has increased by four percent to 95 percent from 91 percent in the preceding half-yearly period of October-March 2017-18. The net outlook of 95 percent was previously seen for October-March 2016-17.

    Job Hiring Outlook Looks Better Than the Last Two Years: Survey

    Sector-wise

    Sectors of FMCG (fast moving consumer goods), business process outsourcing (BPO), retail, IT-enabled services, media and entertainment and construction and real estate are expected to drive this increase in hiring drive.

    City-wise

    The employment outlook in India looks substantially higher than in other Asian regions. Out of the eight cities surveyed, Mumbai (+4%), Delhi (+3%), Bengaluru (+1%), Hyderabad (+1%) and Pune (+1%) are expecting a positive growth. On the other hand, a drop in hiring is expected in Chennai (-1%), Ahmedabad (-2%) and Kolkata (-3%).

    Business size

    Medium-sized businesses are showing the most positive outlook in hiring at 5 percent, while the large and small businesses are at 4 percent and 3 percent respectively.

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