Retail & FMCG likely to hire more in coming quarter - TeamLease Employment Outlook Report

Despite the sluggish growth in business sentiment, majority of the businesses have decided to hire in the forthcoming quarter, states the TeamLease Services Employment Outlook Report for the quarter October - December 2012. According to the report, hiring sentiment has registered a 3 point increase indicating a positive outlook for the upcoming quarter. From a sector perspective, Retail and Healthcare &Pharma have registered an increase of 3 and 2 points respectively, resulting in the overall improvement in hiring sentiments.

On the hierarchical front, the report forecasts a surge in the entry and junior level hiring. Though there is an increase in entry level hiring, companies are quite apprehensive about campus placement. According to the report, most of the large companies, especially IT MNCs, are stressing on off campus placements to fulfill their talent requirement as it significantly reduces the waiting period.

The report goes on to reveal that while business sentiment is still not buoyant, companies would like to hire the right talent to maintain their growth trajectory. The upcoming festive and year-end season could be one of the obvious reasons why Retail and FMCG sectors have shown an uptick in hiring sentiments. Another interesting development is in the IT industry which is witnessing improved hiring sentiment accompanied by a decline in attrition rates. The sector is seen to have begun bolstering its sales force for demand generation and to defend falling pricelines.

Speaking on the report, Sangeeta Lala, Senior Vice-President & Co-Founder, TeamLease Services, said "While the previous quarter witnessed non-uniformity in the employment outlook, the current quarter seems to provide a slightly different view. Business optimism has surely lost some of its sheen, but hiring has not reduced significantly. Job creation in India continues amid talks of lay-offs and employee rationalization. Sector-specific trends could be attributed to this overall increase."

TeamLease releases the Employment Outlook Report every quarter after a survey conducted with HR managers and senior management of leading companies in India. The study, which covered 640 companies in the latest round, focuses on the employment growth potential, the business outlook and hiring forecasts with relation to the location and the company profile. The report serves as a reference manual to corporate houses to understand the employment trend in the present market scenario at major cities across the country. TeamLease has commissioned noted analytics solutions provider inTouch Analytics (www.be-in-touch.com) to conduct the study.

Source : Equity Bulls

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