Employment targets for the current quarter is likely to increase by 7 percent over the past three months if further lockdowns policies and employment laws are not enforced, particularly those sought by health care, medicine, education services, ecommerce and technology and IT initiatives, according to a report.
In fact, out of the 21 sectors reviewed, more than 8 sectors will witness a 9-11 percent increase in their employment target for the current quarter, TeamLease Employment Outlook Report has revealed.
“The Indian economy has reclaimed the lost ground and the same was reflected in employment. Whether it was the IMF, the OECD or Fitch, it was all positive and this strengthened the spirit of business and the purpose of hiring. .
“In fact, that will have a negative impact on employment growth. If we continue our efforts and do not choose lockdown, the business h
ope will remain the same and so will employment. The employment target will grow from 27 percent point in January-March to 34% in the current quarter,” co-founder of TeamLease Services and executive vice president Rituparna Chakraborty said.
The report is based on a survey conducted among 712 small, medium and large companies in all 21 pan-India sectors from January to June.
The report also points out that health care, medical care, educational services, e-commerce and technology start-ups and information technology are the key sectors, which are likely to increase their talent pool.
In fact, more than 58 percent of companies in the healthcare and pharmaceutical industry, nearly 11 percent higher than the period of January-March, are committed to hiring talent.
Educational services, ecommerce and technology start-ups and IT have also shown the same enthusiasm with 55 percent, 51 percent and 50 percent companies, respectively, expressing the purpose of hiring.
According to the report, despite the full potential, strength and power, BPO/ITeS, media and entertainment, consultation, marketing and advertising, tourism and hospitality may take longer to reach the hiring goals of other sectors they are expressing.
Moreover, from a geographical point of view, while metro cities and tier I cities (32 percent) are earning increasingly for the full purpose of hiring, tier-III cities are no longer far behind.
Deep penetration of the cities that block Kochi, Coimbatore, Nagpur and Kolkata most of the cities have shown growth in interest to hire.
Meanwhile, in terms of functional areas such as the previous quarter, sales (41 percent) and marketing (34 percent) continue to be the most sought-after functional roles.
However, when it comes to hierarchy, preferences appear to have changed substantially as the target for hiring high-level talent dropped by 4 percent point over January-March, the report added.
