Bangalore has seen the maximum increase in the net employment outlook in the country by 23 points. The first quarter of 2010-11 will witness a gradual but sure advent of aggressive hiring, according to the Employment Outlook Survey released by staffing firm TeamLease Services. The employment outlook for the quarter has jumped by 11 per cent to 58 per cent. Meanwhile, the business outlook is up by 7 per cent. According to the survey, telecom, infrastructure and, healthcare and pharma sectors are leading the employment growth followed by IT.
The survey also finds that IT remains the biggest contributor to the city’s growth.
According to Rajesh A R, VP, TeamLease Services, “The industry seems to have turned the corner and intends to hire aggressively. The recovery in sentiment is smart, comprehensive and widespread with the jump in hiring sentiment being shared across geographies and across most sectors. The improvement in sentiment has been studied and gradual over the past four quarters, giving us reason to believe that it is here to stay. Although global economy concerns persist, as far as the employment scenario in India is concerned, the cheer has spread and the good times are back!”
On the attrition front, the attrition rate has risen 5 per cent to 15 per cent. This is against the attrition rate of 10 per cent seen during the previous quarterly survey.
