India Inc still cautious on hiring; bullish for biz: TeamLease
Amid rising optimism for the future of their businesses, India Inc still remains cautious about hiring in the January-March period, a survey by leading staffing firm TeamLease Services said.business Updated: Jan 13, 2010 16:18 IST
Amid rising optimism for the future of their businesses, India Inc still remains cautious about hiring in the January-March period, a survey by leading staffing firm TeamLease Services said.
According to the quarterly report, hiring sentiment saw a marginal improvement with the employment outlook index for the January to March quarter standing at 47 index points, one per cent higher than the previous quarter.
On the other hand, indicating bullish expectations for the future of their businesses, the net business outlook index
has shown an increase of 41 index points for Jan-March period.
"Hiring sentiments have marginally improved this quarter, in line with the Industry's positive outlook. Our estimates
show that there would be a leap of faith during this current quarter and trends will not just hold out, they will be bolder
and result in higher employment gains," TeamLease Services Vice-President Rajesh AR said.
"That said, employers are cautious and are placing stronger emphasis on skill-gap and employability. It must be
noted that the intention to hire is still weak this time around. The jitters have been shaken off, however, and the
numbers are now likely to ramp up steadily," he added.
There has been a rise in employment outlook index points of all cities except Mumbai, Delhi, Hyderabad and Ahmedabad.
Moreover, there has been a rise in hiring outlook across most of the sectors, except financial services and pharma.