Bangalore has seen an increase in the Net Employment Outlook by 14 points for the period January-March 2010. This was in contrast to a decrease of 7 points seen in the October-December period.
Meanwhile, the attrition rate has seen a dip in the city and stood at 10 per cent in contrast to the previous quarter when it was 16 per cent and was the highest in the country.
On a sectoral basis, financial services is leading the employment growth as well as the sector-wise growth followed by healthcare and telecommunication during the quarter.
On the other hand, retail, media and FMCG are the major contributors to the growth. Whereas, ITeS and healthcare sectors are showing a negative growth.
Hiring sentiments have improved marginally this quarter, in line with the industry’s positive outlook, according to the survey.
Teamlease estimates have shown there would be a leap of faith this quarter and trends would result in higher employment gains.
Employers are cautious and are placing stronger emphasis on skill-gap and employability. It must be noted that the intention to hire is still weak this time around.
The study, which covered 501 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. The report serves as a reference manual to corporate houses to understand the employment trend in the present market scenario at major cities across the country.
The business outlook has also increased by 27 points. This was in contrast to the previous quarter the city has seen a decrease of 11 points in the Net Business Outlook.
