With the first quarter of the new fiscal 2011-12 offering positive business outlook, hiring sentiments for sectors like IT, ITeS and telecom has risen by over 20 per cent, says a study by TeamLease Services Pvt. Ltd.
As per the Employment Outlook Report for the period April-June 2011, released by TeamLease Services Pvt. Ltd., hiring intent from IT and ITeS was the highest in cities like New Delhi, Mumbai, Hyderabad and Pune.
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.
In terms of cities, Bengaluru, Chennai, Pune and Hyderabad lead the charge of an effervescent business sentiment, while Mumbai and Delhi saw 25 per cent of respondents sharing a sober, no-change, business sentiment.
Hiring intent has also picked up across entry, middle and senior levels, the report states.
"The growth in intent to hire entry and middle-level profiles is appreciable and constitute close to 50
"While hiring intent decrements slightly for junior level profiles, the magnitude of hiring intent is seen to be well over 60 per cent, with much of this intent being contributed by small sized (up to 500 employee) businesses," said Sangeeta Lala, vice president TeamLease Services.
Among profiles, sales, marketing and customer service retained leadership over all other functional areas with a close to 80 per cent hiring intent.
The report also showed an increase in intent to hire the 'blue collar' workforce this quarter.
"Going forward, SMEs are looking to hire in junior and mid levels, effectively more expansion across locations while large companies are intending to hire at senior levels.
In the past year, the employment outlook index beats its own pace of growth vis-à-vis the business outlook index," said Lala.
