Most sectors intend to ramp up hiring: Report

 

 

EASING of lockdown restrictions and the resultant opening up of economy is having a positive impact on employment as the overall ‘Intent to Hire’ metric of companies is set to witness a noticeable 3 per cent increase in the current quarter, says a report. According to the TeamLease Employment Outlook Report for Q3, while large and medium-size businesses continue to lead in the overall intent to hire, it is the small size businesses (SMEs) that have recorded a significant growth in the current quarter (October-December 2020).

 

The survey covered 137 small, medium and large companies across 21 sectors across India. Moreover, a comprehensive study analyzing hiring intent across different sectors, cities and hierarchies noted that the overall intent to hire seems to be moving in upward direction. The intent to hire has registered a 3 per cent jump, it said. “India Inc is on a gradual recovery path.

 

Though we are yet to reach the pre-COVID levels, the economy is rebounding and this cautious optimism is reflecting in the hiring scenario as well,” said TeamLease Services Co-founder and Executive Vice President Rituparna Chakraborty. “Most of the sectors intend to ramp up their hiring. While signs are encouraging, still too early to predict how Q4 shall pan out given traditionally it is a tepid hiring quarter,” Chakraborty added. Metros and tier-1 cities are likely to benefit significantly from the unlock initiatives.