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

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.

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.