Mumbai: Revival of investment activities and renewed optimism about the economic growth are expected to lead to a spike in hiring activity in the coming quarter.
According to TeamLease, hiring is expected to pick up pace during the second quarter of this year and is likely to see a 15 per cent growth over the corresponding period last year as the effect of some of the budget proposals kicking in.
“We could see increase in hiring in sectors like infrastructure, e-commerce, logistics, FMCG, consumer durables and financial services among others,” said Rituparna Chakraborty, co-founder and senior VP, TeamLease. However, she added that the attrition rate would also be high, as a lot of opportunities would start opening up.
Nishu Negandhi, founder of Altius Symco Plus, a HR consultancy firm, which focuses on the micro small and medium enterprises said that hiring activity has picked up pace at the ground level for SMEs in certain pockets like the manufacturing sector. “Companies are either going for lateral hiring where the promoters are seeking specialised skills. At the same time, they are also going for entry level hiring from local training institutes,” she said.
A recent employment outlook survey done by Manpower Group covering 5,003 employers across India showed that employers hiring intention remained positive in all seven sectors primarily driven by transportation and utilities, mining and construction, financial services and manufacturing. According to it the northern and western region, employers had reported strongest job prospects for the quarter ahead.
