More than 54% of the India Inc keen on hiring in this quarter, found TeamLease Employment Outlook Report. 

What more, out of the 21 sectors reviewed 16 have indicated keenness to hire. Incidentally, Information and Technology (95% of the employers keen to hire) followed by Educational Services (86% of the employers), E commerce and technology start-ups (81% of the employers) and Healthcare and Pharmaceuticals (78% of the employers) are front runners in the hiring intent.

From a sector point of view the laggards are Agriculture & Agrochemicals, BPO / ITeS, Fast Moving Consumer Durables and Retail [Non-Essential]. Dwelling deep into the geographies, though not at the same rate jobs seems to be spread across geographies. While the hiring intent in in the Metro and Tier 1 cities  has grown from 73% in the previous quarter, to 83% in the current quarter, Tier-2 cities are not far behind.

The hiring intent in Tier-2 cities has will see a rise from 48% to 55% – a 7% change in the period April to June' 22. Further, amongst cities, Bangalore (91% of the employers keen on hiring) and Chennai (78% of the employers keen on hiring) are continuing their bull run. But when it comes to growth, it is Mumbai. Mumbai has recorded a 17% growth over last quarter in the hiring intent.

A comprehensive report covering the intent to hire across business sizes and hierarchies, as per the report, while last quarter saw a spike in hiring by large businesses, the current quarter seems to have a stabilised approach. In fact all types of businesses are planning to hire at a steady pace. But when it comes to hierarchies, entry level talent seems to have got their mojo back. The category has been seeing a 10% Q-on-Q growth in hiring intent. Further, from a function point of view, Sales (82%) and IT (75%) continue to rule the functions who are in demand.

The report also gives a detailed view on the attrition trends as it plays an important role in the business growth. As per the report, though not as significant as what was witnessed during Jan – Mar 2021-22, attrition still seems to be a on a rise across most sectors compared to the previous quarter.