Employment sentiment showing signs of gradual improvement: Report
   Date :22-Jul-2020

Employment sentiment _1&n
Business Bureau :
Easing of lockdown restrictions, seems to have a positive impact on the job landscape across sectors and geographies as employment sentiment has picked by 7 per cent from the 86 per cent drop it witnessed during the lockdown, says a report. According to the latest TeamLease Employment Outlook Report for the first half of this fiscal, the hiring sentiment which had taken a beating in the October to March period is showing signs of gradual improvement since unlock 1.0.
Until unlock 1.0, the hiring sentiment for the current half-year (April-September) was as low as 11 per cent, however, it has improved to 18 per cent. According to the report, out of the 21 sectors analysed barring for travel and hospitality, all the other sectors, though in varying degrees, are positive about hiring. Some of the sectors who are leading in hiring intent are healthcare and pharmaceuticals (21 per cent increase since unlock 1.0), KPO (20 per cent increase), e-commerce and tech start-ups (19 per cent), educational services (17 per cent), telecommunications (15 per cent).
Other bullish sectors include Information Technology (15 per cent increase since unlock 1.0), retail (essential) (14 per cent increase), agriculture & agrochemicals (13 per cent), FMCG (12 per cent) and power & energy (10 per cent). “Today, organisations are becoming conscious of the fixed costs and that is one of the major reasons for the slow uptick in the employment sentiment by the mid and small businesses,” TeamLease Services Co-Founder and Executive Vice-President Rituparna Chakraborty said.