Hiring is likely to pick up in the first half of this fiscal, with healthcare, pharmaceutical and financial services sectors anticipated to add the maximum jobs, according to a report by TeamLease Services.
The outcome of elections and the expected sector specific policy changes seem to have spurred the corporate sector which is witnessing a marked improvement in employment and business outlook for the next six months, the report said.
The reason for this optimistic outlook includes the results of the impending elections and fresh sector specific policies a new regime is expected to usher in, TeamLease Employment and Business Outlook Report for the half year period (April-September 2014), said.
Healthcare, pharmaceuticals, and financial services companies are more bullish about their business outlook.
Meanwhile, entry and junior levels make a comeback in the coming half year HY1 as they witnessed a marginal increase in their hiring intents.
"Good tidings are anticipated for the Indian economy and this is obviously going to reflect on job creation. The overall sentiments have significantly improved this time around and we are confident that it will translate into action on ground as well over the next 6-12 months," said Rituparna Chakraborty, Senior Vice-President & Co-Founder, TeamLease Services.
Hiring from a sector perspective, IT recovered after witnessing a gloomy outlook in the previous half year. Telecom saw growth after a flat outlook in HY2.
Manufacturing & Engineering and ITeS continue to have a negative hiring sentiment like in the previous half year.
Following an exuberant sentiment in HY2, the trend reverses in retail and FMCG as the hiring outlook sees a marginal decrease in the coming half year.
City wise, most cities are having a positive hiring outlook in the forthcoming half year.
Bangalore and Ahmedabad continue to see a boost in their outlook as in the previous half year. Mumbai has gone past the stable sentiment of HY2 and sees a substantial growth in HY1.
New Delhi and Pune observed an increase in hiring outlook during HY1.
Meanwhile, Hyderabad, Kolkata and Chennai witness a slight dip in sentiment over the previous half year.
April-September period see a sentiment boost with upbeat organisations expecting business and employment to grow at a brisk pace.
The study covered 614 companies in the latest round, focusing on the employment growth potential, the business outlook and hiring forecasts with relation to the location and the company profile.
