Comments
An employment outlook survey points towards buoyancy in the IT and infrastructure sectors, but surprisingly with attrition in Hyderabad and Andhra Pradesh and the possibility of flight of IT staff to other metros. In fact, IT staff in cities such as Chennai and Delhi may also seek other locations for new opportunities, it notes.
The Teamlease Services Employability Outlook report for January-March 2011, which was conducted towards the end of December 2010 and early January, finds that human resource managers in the IT sector predict a significant drop in hiring in Hyderabad.
The net employability outlook index and the business outlook for the quarter reflect a dip.
However, the study was conducted during a phase that coincided with the submission of the Srikrishna Commission report on the issues relating to separate statehood.
Those who were surveyed could have been influenced by other factors too, even though the study was conducted as it has been done in the past, Mr Sudeep Kumar Sen, General Manager of Teamlease Staffing Solutions, explained.
Addressing a press conference here today, Mr Sen said that the annual attrition rates of most cities such as Hyderabad, Chennai and Delhi have been affected more than other cities.
However, there has been accelerated hiring intent for blue collar function jobs across the country.
The hiring intent is also up in tier-II cities.
The report finds that infrastructure business, in particular, favours Hyderabad, which along with IT sector provides a silver lining in terms of overall growth potential.
It also shows that Hyderabad is well below average employment outlook index and averages for five sectors and is just above the average on business outlook index for most sectors.
The city has seen the worse performing quarters.
He said that the inclination to hire is influenced by positive prospects rather than negative constraints.
The perception of growth for the city and industry are better drivers of hiring sentiments than general evaluation of a lack of manpower or attrition.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.