'Financial sector to hire big in coming months'

'Financial sector to hire big in coming months'

The Reserve Bank of India’s thrust on increasing banking penetration and its decision to give more licenses to private sector players is expected to boost the financial sector significantly, as the industry is expected to see a three point rise in employment, a report said.

According to TeamLease Employment Outlook report, which provides a comprehensive overview about the mechanics of hiring, job growth, salaries and their drivers, for the period October 2017 to March 2018, the net employment outlook for the coming six months will see an incremental increase of two percentage points.

The positivity in the outlook is attributed to the increase in government spending and the stable hiring growth.

As per the report, six of the eighteen sectors surveyed have indicated positive hiring sentiments. Talent in Financial Services will be the biggest gainer of this upbeat mood and the sector will experience 11.03% growth in jobs.

Rituparna Chakraborty, Co-Founder and Executive Vice President, TeamLease Services, said, “We are seeing positive sentiment in six sectors. Now that the GST issue has been settled, businesses will focus more on expansion.”

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