Hiring may dip this quarter in major cities, except Delhi: Survey

As the financial year draws to a close, hiring may dip across major cities, except in Delhi. In fact, the drop may be sharpest (by up to 10 points) in financial and IT hubs such as Mumbai, Bangalore and Pune during the January-March quarter, says the Employment Outlook Survey by staffing company Teamlease Services.

“We expect growth, especially in the IT sector, as far as hiring is concerned, though the overall response by corporate heads is a dull quarter. Our assessment is that corporates would prefer to exercise caution in hiring than lay off employees,” said Ms Sangeeta Lala, Senior Vice-President and Co-Founder, heading the Permanent and Temporary Hiring Business of TeamLease. In Bangalore, Mumbai and Pune the dip in hiring sentiment was seen across sectors, with attrition rates also marginally higher than in the last quarter.

In fact, Delhi recording the best sentiments both in terms of business outlook and net employment outlook, with hiring and lower attrition rates showing a positive trend. Hyderabad also reflected a rise in hiring sentiment and decrease in attrition rate, according to the survey.

Chennai was a constant in the net employment index in the January-March quarter, with both the net employment and business outlook witnessing a marginal increase. However, attrition in Chennai is seen to rise.

“A positive trend, however, is the emergence of new sub sectors and the requirement of knowledge-based talent in the existing industry sectors,” said Ms Lala. The survey was conducted with human resource managers and senior management of 620 companies in major cities.

> aditi.n@thehindu.co.in

COMMENT NOW