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Hiring Intent Picks Up Substantially For July-September Quarter

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As per a survey report, the hiring outlook in the country is improving and India Inc. expects better employment scenario in the July-September quarter. The survey conducted across 21 sectors including over 700 small, medium as well as large scale companies points to a substantial increase in hiring intent' in the past 15 months.

 
Hiring Intent Picks Up Substantially For July-September Quarter

The ET carried Teamlease Employment Outlook Report, among the surveyed companies, as many as 38% companies plan more hiring than in the previous quarter.
38% of companies surveyed plan more hiring in the quarter as compared to 34% in the April-June quarter, despite fears of a looming third wave of Covid-19 pandemic. This shows a marked improvement from 18% hiring intent in the two quarters after September, the report said.

As per Rituparna Chakraborty- VP at TeamLease Services hiring intent has picked up across sectors as the effect of the second wave of coronavirus recedes. Even though companies' continue to be cautious, their hiring intent remains strong.

Mahendra Singhi, managing director, Dalmia Cement told a leading dailies that job market is headed for a significant revival plus the government's efforts at reviving the economy are a big positive such as the PLI (production-linked incentives) for certain industries, new capex cycle in many sectors and growth in demand. Increased levels of vaccination will also aid the trend, he added.

GoodReturns.in

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