Bangalore, whose job market is characterised by high attrition and also a positive hiring sentiment, has seen its employment outlook rise considerably to become double that of the other cities.
According to the latest Employment Outlook Report for the period July - September 2010 released by TeamLease Services, the hiring sentiment is at an 18-month high for the present quarter beginning July and ending September 2010.
Meanwhile, tier-II cities experienced a significant increase (3 per cent) in hiring intent to 19 per cent — an all time high, indicative of the talent supply potential of these geographies. Hiring at the junior and entry levels of organisational hierarchy are set to make a strong comeback with 17 per cent and 11 per cent increases in hiring intent — the biggest rise after more than 24 months of stagnant or negative growth in index value.
‘Best salary package’ remains the top-most reason for an employee to look for better opportunities in the IT sector in Bangalore.
The Employment Outlook for the quarter has moved up by 6 per cent and stands at 64 per cent. The Business Outlook Index has also risen by 5 per cent to 61 index points, but doubles itself over the course of four quarters.
TeamLease releases the Employment Outlook Report every quarter after a survey administered to the HR heads, CEOs and Senior Management of leading companies in India.
The study, which covered 568 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.
