Indian firms upbeat about hiring: TeamLease
By siliconindia   |   Wednesday, 21 April 2010, 14:42 IST   |    1 Comments
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Indian firms upbeat about hiring: TeamLease
New Delhi: The corporate sector of the country is upbeat about its hiring plans in the first quarter of this fiscal, said a report by a staffing firm. According to the study by TeamLease, the corporate sector of the country would witness aggressive hiring in the first quarter of the financial year 2010-2011. The employment outlook index will grew to 58 index points for the three-month period between April and June 2010, as much as 11 per cent jump over the previous quarter. "Industry seems to have turned the corner and intends to hire aggressively. The recovery in sentiment is smart, comprehensive and widespread - the jump in hiring sentiment is shared across geographies and across most sectors," said Rajesh A R, Vice President, TeamLease. The survey, which covered top executives at around 513 companies across the country, focuses on employment growth potential, the business outlook and hiring forecasts with relation to the location and the company profile. The companies' outlook for their business in the reviewed period has also risen by 15 percent and currently stands at 56 index points. Among cities, there is an increase in employment outlook index points of all cities with Bangalore and Ahmedabad leading the rest. Bangalore saw the maximum increase in the net employment outlook by 23 points and business outlook grew by 7 percent. All sectors except, Infrastructure and Telecom, have seen an increase in hiring index points with Healthcare/Pharma and IT topping the charts. In terms of business outlook most sectors witnessed growth, with FMCG & retail sector showing the highest jump.

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