Jobs outlook flat, but business sentiments pick up: Teamlease

The study, which covered 495 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.

According to TeamLease Services Pvt Ltd, General Manager, Surabhi Mathur-Gandhi, “The employment outlook for the current quarter maintains its cautious optimism. We expect to see some additional increase in hiring activities around Q4 (January – March 2010). The industry is overall upbeat about the business and this will translate into improved hiring in the next six months. Senior level positions are opening up and gradually, we will see opening up of mid and entry level positions as well.”

“Perspective hiring within the financial services segment reflect this quarter’s projections as magnanimous. Healthcare is one of the least affected sectors in the recent downturn ; though the hiring standards have significantly gone up”, Surabhi added.
City Highlights

Bangalore (current Oct – Dec)
* The city has seen a decrease in the Net Employment Outlook by 7 points
* The city has seen a decrease of 11 points in the Net Business Outlook
* Financial Services is leading the employment growth followed by Pharma
* Retail, Media & FMCG are the major contributors to the growth. Whereas, ITES and Healthcare sectors are showing a negative growth
* Attrition rate is highest in Bangalore when compared to other cities and stands at 16%.

Mumbai (current Oct – Dec 2009)
* City has seen a marginal increase of 2 points from the previous quarter in the Net Employment Outlook Growth and stands at 51 points   
* Mumbai has seen an increase of 9 points from the previous quarter in the Net Business Outlook and stands at 25 points
* Infrastructure still continues as the highest contributor followed by IT and Financial Services sector to the employment  growth in the city and stands at 9 points
* Healthcare followed by IT, Pharma and Infrastructure are the highest growing sectors

New Delhi (current Oct– Dec )
* The Net Employment Outlook has seen a decrease of 8 points and currently stands at 59 points
* The Net Business Outlook has also seen a dip of 3 points and stands at 40 points
* IT (10 points) followed Financial Services (9 points) sectors are the biggest contributors for Employment Growth in the city.
* Infrastructure still remains the highest growing sector, closely followed by Telecom and Pharma
 
Hyderabad (Oct – Dec 2009)
* Hyderabad has seen a jump of 43 points in the Net Employment Outlook and currently stands at 76 points. The highest among the cities
* The Net Business Outlook is also the highest among the cities with 68 points
* ITES and IT are the biggest contributors to Employment growth at 20 and 18 points respectively
* Manufacturing and Engineering is the highest growing sectors closely followed by IT, ITES and Healthcare sectors
* Hyderabad continues to see one the highest attrition rates among the cities with 23 points
 
Kolkata (current Oct – Dec)
* Kolkata’s Employment Outlook Growth remains steady at 34 points with no increase or decrease.
* Net Business Outlook has shown a marginal decrease of 1 point when compared to previous quarter.   
* Highest Increase in Employment Growth is seen from the Financial Services sector followed by Infrastructure sector.
* Financial Services followed Infrastructure is the highest growing sectors in the city.
 
Chennai  (current Oct – Dec)
* Net Employment Outlook shows a decrease of 19 points and currently stands at 34 points
* Net Business Outlook has not shown any change.
* City sees a highest contribution to the Employment Growth from Healthcare at 11 points followed by Financial Services at 8 points
* Healthcare and Infrastructure are the highest growing sectors in the city.