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The consistent economic slowdown and the consequent pessimism in many sectors notwithstanding, employers in select sectors are upbeat on hiring "intent" for April to September this year, with Tier I & II cities holding out more promise for aspiring employees.
Paradoxically, business sentiment continues to be less optimistic, according to the findings conducted by staffing solutions company TeamLease Services.
In their report titled "Employment Outlook Report" the company says that the Employment Outlook Index has increased 4% compared to October-March 2013, while the Business Outlook Index has grown 2%.
Sector-wise, the frontrunners are information technology companies, healthcare and retail while infrastructure has lost out. In terms of cities, Mumbai leads the optimism ratings with 5% and 7% improvements in employment and business outlook respectively.
The senior vice-president and co-founder of TeamLease Services, Sangeeta Lala said: "It is surprising that despite the economic downturn, the job market this half year shows a positive outlook in almost all the major sectors. Tier II cities are emerging as hiring grounds for cost effective talent, giving the mid level companies an opportunity to boost their employee base. Companies will also face new challenges for retaining the top level talent and calibrating the wrongly hired talent in the past."
"Tier-II cities are emerging as hiring grounds for cost effective talent, giving the mid level companies an opportunity to boost their employee base. Companies will also face new challenges for retaining the top level talent and calibrating the wrongly hired talent in the past," Lala said.
The report further noted rural BPOs that have emerged at locations such as Hosur, Kochi, Udupi, Falda and Chindwara are a good ground for hiring cost-effective support staff.
Hiring at middle and junior levels is set to be more popular in the April-September period, and in terms of functional areas, blue collar and engineering are far ahead of the rest, the report said.
City trends point to Mumbai as the leader. The other gainers include Bangalore and Delhi.
The TeamLease Employment Outlook Report, which covered 614 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.